Solar Panel Cost Guide in Newfield, NY (2025 Update)
- Newfield Solar Installation Cost: $11,905
- 25-Year Savings: $5,178
- Payback Period: 20.1 Years
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Average Cost of Solar Panels in Newfield
We break down average solar pricing in Newfield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Newfield, the average cost of a solar system is 4 per watt.Because a 4.7-kW system is needed to cover the energy usage of a typical home in Newfield, the average price of going solar will be about $11,905 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of equipment you want to get, your solar contractor and more.Despite the large upfront cost, the average Newfield homeowner can save about $12,000 on their electricity bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a top solar company in your area for a customized estimate.
Solar savings over time in Newfield
| Year | Return on Investment |
|---|---|
| 1 years | $-11,080 |
| 3 years | $-9,428 |
| 5 years | $-7,776 |
| 7 years | $-6,124 |
| 9 years | $-4,472 |
| 11 years | $-2,820 |
| 13 years | $-1,169 |
| 15 years | $483 |
| 17 years | $2,135 |
| 19 years | $3,787 |
| 21 years | $5,439 |
| 23 years | $7,091 |
| 25 years | $8,743 |
Top Solar Installers in Newfield
When switching to solar energy, many homeowners choose to hire a solar installer since handling can be a time-consuming project. Local solar installers can also help you maximize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Newfield
Factors that Affect Solar Panel Costs in Newfield
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Newfield: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can affect the cost. Newfield’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have 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 | $3.80 | $15,943 | $3,114 | 20.9 years |
| 8 kW | $3.72 | $20,849 | $4,560 | 20.5 years |
| 10 kW | $3.65 | $25,550 | $6,212 | 20.1 years |
| 12 kW | $3.58 | $30,047 | $8,067 | 19.7 years |
| 14 kW | $3.50 | $34,339 | $10,127 | 19.3 years |
| 16 kW | $3.43 | $38,427 | $12,391 | 18.9 years |
| 18 kW | $3.36 | $42,311 | $14,860 | 18.5 years |
| 20 kW | $3.29 | $45,990 | $17,533 | 18.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar installer. Make sure you understand how the installation process works and the completion timeline.
- Warranty: If you care about the longevity of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Newfield, NY Solar Cost FAQs
What is the average cost of installing solar panels in Newfield?
The average cost of solar panels in Newfield is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Newfield is currently $177,950, so you can look forward to a value of about $7,296 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Newfield is a worthwhile investment.
How long do solar panels last in Newfield?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.