Solar Panel Cost Guide in Newcastle, OK (2024 Update)
- Newcastle Solar Installation Cost: $18,397
- 25-Year Savings: $23,558
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Newcastle
We break down average solar pricing in Newcastle.
Although the national average of solar panels is $2.66 per watt, solar panels in Newcastle generally cost around 3.To cover the typical energy needs of the average home in Newcastle, most homeowners require a 8.4-kilowatt system. Using the figure above, a solar installation costs about $18,397, or $26,308 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and the cost of going solar for you may vary based on your energy needs and what company you want to go with.But, once you've paid the upfront cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $18,000 over 20 years on power bills.
You can click the button below to get connected with a pre-vetted solar company in Newcastle for a quote for your home.
Solar savings over time in Newcastle
| Year | Return on Investment |
|---|---|
| 1 years | $-17,188 |
| 3 years | $-14,770 |
| 5 years | $-12,352 |
| 7 years | $-9,933 |
| 9 years | $-7,515 |
| 11 years | $-5,097 |
| 13 years | $-2,678 |
| 15 years | $-260 |
| 17 years | $2,158 |
| 19 years | $4,577 |
| 21 years | $6,995 |
| 23 years | $9,413 |
| 25 years | $11,831 |
Top Solar Installers in Newcastle
Trying to install solar panels on your own can be a challenging task, which is why using a solar installer is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
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 in Newcastle:
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 Newcastle
Factors that Affect Solar Panel Costs in Newcastle
While the average cost of a solar system in Newcastle is $18,397, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the price of a solar system in Newcastle, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can determine by looking at past energy bills. Your total cost can increase by around $3,130 for each additional kilowatt you need.There are many different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only 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 installers in Newcastle have solar loans, which reduce your upfront costs of installing solar.Although solar loans make going solar more accessible for Newcastle homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can affect the cost. Newcastle’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Newcastle have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $3.26 | $13,672 | $14,166 | 12.3 years |
| 8 kW | $3.19 | $17,879 | $19,238 | 12.0 years |
| 10 kW | $3.13 | $21,910 | $24,486 | 11.8 years |
| 12 kW | $3.07 | $25,766 | $29,909 | 11.6 years |
| 14 kW | $3.00 | $29,447 | $35,507 | 11.3 years |
| 16 kW | $2.94 | $32,953 | $41,281 | 11.1 years |
| 18 kW | $2.88 | $36,283 | $47,229 | 10.9 years |
| 20 kW | $2.82 | $39,438 | $53,353 | 10.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
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 Newcastle, OK Solar Cost FAQs
What is the average cost of installing solar panels in Newcastle?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $15,650 for a 5-kW system and $31,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Newcastle?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of 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 much can I save on energy bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Newcastle, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.