Solar Panel Cost Guide in Newcomerstown, OH (2024 Update)
- Newcomerstown Solar Installation Cost: $18,460
- 25-Year Savings: $19,911
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Newcomerstown
Find out what the average cost of a solar system is in Newcomerstown.
The national average cost of solar panels is $2.66 per watt, but in Newcomerstown it’s 3 per watt.Using this figure, a typical 7.7-kW system would cost about $18,460 before the 0 federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Newcomerstown based on a variety of factors, such as the type of solar panels you choose and the solar company you hire.With average savings of about $17,000 on electricity bills over 20 years, many homeowners in Newcomerstown find investing in solar can pay off big.
Click the button below to get connected to a top solar panel company in your area for a personalized estimate.
Solar savings over time in Newcomerstown
| Year | Return on Investment |
|---|---|
| 1 years | $-17,128 |
| 3 years | $-14,464 |
| 5 years | $-11,800 |
| 7 years | $-9,136 |
| 9 years | $-6,472 |
| 11 years | $-3,808 |
| 13 years | $-1,144 |
| 15 years | $1,520 |
| 17 years | $4,184 |
| 19 years | $6,848 |
| 21 years | $9,512 |
| 23 years | $12,176 |
| 25 years | $14,840 |
Top Solar Installers in Newcomerstown
Although it's possible to install solar panels yourself, it takes extra time and know-how. That's why the majority of homeowners choose a solar panel installer. In addition, if you’d like to maximize your investment in solar, opting for a solar installer can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives and net metering programs.
If you're looking for a solar installer in Newcomerstown, the EcoWatch team has compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Newcomerstown
Factors that Affect Solar Panel Costs in Newcomerstown
For many Newcomerstown homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Newcomerstown, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,410. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Newcomerstown, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Newcomerstown is the company you hire to install your PV system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services at different costs.Additionally, some companies in Newcomerstown are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.55 | $14,895 | $11,304 | 14.2 years |
| 8 kW | $3.48 | $19,478 | $15,454 | 13.9 years |
| 10 kW | $3.41 | $23,870 | $19,795 | 13.7 years |
| 12 kW | $3.34 | $28,071 | $24,327 | 13.4 years |
| 14 kW | $3.27 | $32,081 | $29,050 | 13.1 years |
| 16 kW | $3.21 | $35,900 | $33,964 | 12.8 years |
| 18 kW | $3.14 | $39,529 | $39,069 | 12.6 years |
| 20 kW | $3.07 | $42,966 | $44,365 | 12.3 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably influences your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Companies that have been operating for many years likely have a high 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 support, such as part repairs and replacements.
- Solar Panel Brands: The brand of solar panel you’d like plays a part in which company you should go with, since different companies offer different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Newcomerstown, OH Solar Cost FAQs
How much does it cost to install solar panels in Newcomerstown?
The average cost of solar panels in Newcomerstown is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Newcomerstown?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How will having solar panels impact my home value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Newcomerstown?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.