Solar Panel Cost Guide in Newton Falls, OH (2023 Update)
- Newton Falls Solar Installation Cost: $18,771
- 25-Year Savings: $12,345
- Payback Period: 17.8 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Newton Falls
Find out what the average cost of installing solar panels is in Newton Falls.
The national average cost of solar panels is $2.66 per watt, but in Newton Falls it's 2.56 per watt.The average solar panel system size in Newton Falls is around 7.9 kilowatts, meaning a cost of about $14,085 for a solar installation, or $20,142 before the 30% federal solar tax credit is applied.
These figures are only averages, and your own solar costs may differ based on your energy needs and what company you go with.But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $13,000 over 20 years on electricity bills.
To receive a free quote from a pre-vetted solar installation company in Newton Falls, you can click the button below.
Solar savings over time in Newton Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-17,551 |
| 3 years | $-15,111 |
| 5 years | $-12,670 |
| 7 years | $-10,230 |
| 9 years | $-7,789 |
| 11 years | $-5,349 |
| 13 years | $-2,908 |
| 15 years | $-468 |
| 17 years | $1,972 |
| 19 years | $4,413 |
| 21 years | $6,853 |
| 23 years | $9,294 |
| 25 years | $11,734 |
Top Solar Installers in Newton Falls
Many homeowners decide to use a solar installation company since trying to put up solar panels by yourself can be hard. In addition, if you'd like to maximize your investment in solar energy, using a solar installer can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.
If you'd like to make the switch to solar but still aren't sure which solar panel installer to go with, here are our recommendations for providers near you:
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 Newton Falls
Factors that Affect Solar Panel Costs in Newton Falls
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Newton Falls: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The size of the solar system you need, 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 $2,560. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Newton Falls average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can impact the cost. Newton Falls' solar companies all have different labor costs and add varying upcharges to equipment. 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 at a higher cost. It's best to do some research and find a company that provides 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 | $3.55 | $14,895 | $5,276 | 18.5 years |
| 8 kW | $3.48 | $19,478 | $7,416 | 18.1 years |
| 10 kW | $3.41 | $23,870 | $9,748 | 17.8 years |
| 12 kW | $3.34 | $28,071 | $12,270 | 17.4 years |
| 14 kW | $3.27 | $32,081 | $14,984 | 17.0 years |
| 16 kW | $3.21 | $35,900 | $17,888 | 16.7 years |
| 18 kW | $3.14 | $39,529 | $20,983 | 16.3 years |
| 20 kW | $3.07 | $42,966 | $24,270 | 16.0 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated 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 good reviews from past customers.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Newton Falls, OH Solar Cost FAQs
How much does it cost to install solar panels in Newton Falls?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than 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.
Can solar panels completely eradicate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Newton Falls, 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 check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Newton Falls?
Although 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 the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use 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.