Solar Panel Cost Guide in Newport, NH (2023 Update)
- Newport Solar Installation Cost: $10,292
- 25-Year Savings: $15,908
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Newport
We go over average solar pricing in Newport.
The national average cost of solar panels is $2.66 per watt, but in Newport it's 2.91 per watt. Using this figure, a typical 5.0-kW system would cost about $10,287 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with. Despite the significant initial cost, the average Newport homeowner can save about $20,000 on their power bills over 20 years, which is one of the benefits of solar.
To receive a free quote from a top solar company in Newport, you can click the button below.
Solar savings over time in Newport
| Year | Return on Investment |
|---|---|
| 1 years | $-8,885 |
| 3 years | $-6,071 |
| 5 years | $-3,258 |
| 7 years | $-444 |
| 9 years | $2,370 |
| 11 years | $5,183 |
| 13 years | $7,997 |
| 15 years | $10,811 |
| 17 years | $13,624 |
| 19 years | $16,438 |
| 21 years | $19,252 |
| 23 years | $22,065 |
| 25 years | $24,879 |
Top Solar Installers in Newport
When making the switch to solar, many homeowners prefer to go with a solar installation company since putting up a solar system yourself can be a challenging project. Plus, if you're unsure what kind of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
If you'd like to go solar but still aren't certain which solar system installer to go with, here are our suggestions for providers nearby:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Newport
Factors that Affect Solar Panel Costs in Newport
There are a number of criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,910. The model of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Newport have solar loans, which reduce your upfront costs of installing solar. Although solar loans make switching to solar energy more accessible for Newport homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can affect your pricing. Newport's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.03 | $12,711 | $18,403 | 10.2 years |
| 8 kW | $2.97 | $16,622 | $24,863 | 10.0 years |
| 10 kW | $2.91 | $20,370 | $31,487 | 9.8 years |
| 12 kW | $2.85 | $23,955 | $38,273 | 9.6 years |
| 14 kW | $2.79 | $27,377 | $45,222 | 9.4 years |
| 16 kW | $2.74 | $30,636 | $52,334 | 9.2 years |
| 18 kW | $2.68 | $33,733 | $59,609 | 9.0 years |
| 20 kW | $2.62 | $36,666 | $67,047 | 8.8 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Warranty: If you're worried about the longevity of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Review the contract terms thoroughly to make sure you understand the overall cost, project completion timeline incentives and warranties.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Newport, NH Solar Cost FAQs
How much does it cost to install solar panels in Newport?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $14,550 for a 5-kW system and $29,100 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Newport have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Newport?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.