Solar Panel Cost Guide in Newton, NH (2024 Update)
- Newton Solar Installation Cost: $14,236
- 25-Year Savings: $12,616
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Newton
We break down average solar pricing in Newton.
In Newton, solar panels cost about 4 per watt on average.The average Newton homeowner needs a 4.8-kilowatt system, which would cost about $14,236 with the federal tax credit, or $20,357 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy usage and what company you go with.For most homeowners, the upfront cost of solar power is worth paying. On average Newton homeowners see about $18,000 in savings on utility bills over 20 years.
To get a free quote from a highly rated solar company in Newton, you can click the button below.
Solar savings over time in Newton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,860 |
| 3 years | $-10,109 |
| 5 years | $-7,358 |
| 7 years | $-4,606 |
| 9 years | $-1,855 |
| 11 years | $897 |
| 13 years | $3,648 |
| 15 years | $6,399 |
| 17 years | $9,151 |
| 19 years | $11,902 |
| 21 years | $14,653 |
| 23 years | $17,405 |
| 25 years | $20,156 |
Top Solar Installers in Newton
When going solar, many homeowners choose to go with a solar company since putting up solar panels yourself can be a difficult project. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you’d like to start using solar energy but still aren’t sure which solar system company to go with, here are our suggestions for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Newton
Factors that Affect Solar Panel Costs in Newton
The cost of installing a solar system in Newton can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,220.There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Newton offer solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Newton is the company you get to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services at different price points.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that offers the products, warranties and services you want and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.39 | $18,433 | $9,495 | 16.5 years |
| 8 kW | $4.30 | $24,105 | $13,133 | 16.2 years |
| 10 kW | $4.22 | $29,540 | $17,007 | 15.9 years |
| 12 kW | $4.14 | $34,739 | $21,118 | 15.5 years |
| 14 kW | $4.05 | $39,702 | $25,464 | 15.2 years |
| 16 kW | $3.97 | $44,428 | $30,047 | 14.9 years |
| 18 kW | $3.88 | $48,918 | $34,867 | 14.6 years |
| 20 kW | $3.80 | $53,172 | $39,923 | 14.3 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Contract: Before signing a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Newton, NH Solar Cost FAQs
What is the average cost of installing solar panels in Newton?
The average cost of solar panels in Newton is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Newton?
A solar panel system isn’t free in Newton, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on electricity bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Newton, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.