Solar Panel Cost Guide in Newberg, OR (2024 Update)
- Newberg Solar Installation Cost: $10,501
- 25-Year Savings: $14,481
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Newberg
Let’s take a look at the average cost of solar panels in Newberg.
The average cost of a solar panel system in Newberg is 4 per watt.The average solar panel system size in Newberg is around 4.3 kilowatts, meaning a cost of about $10,501 for a solar installation, or $15,016 before the 0 federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you may differ based on factors unique to your home and what company you go with.Despite the large upfront cost, the average Newberg homeowner can save about $21,000 on their energy bills over 20 years, which is one of the positives of solar.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Newberg
| Year | Return on Investment |
|---|---|
| 1 years | $-9,097 |
| 3 years | $-6,288 |
| 5 years | $-3,479 |
| 7 years | $-669 |
| 9 years | $2,140 |
| 11 years | $4,949 |
| 13 years | $7,758 |
| 15 years | $10,567 |
| 17 years | $13,376 |
| 19 years | $16,185 |
| 21 years | $18,994 |
| 23 years | $21,803 |
| 25 years | $24,612 |
Top Solar Installers in Newberg
Trying to install solar panels on your own can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. Another advantage of working with a solar company is that they can help you make the most of your return of investment by bringing down your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
If you're on the hunt for a solar company in Newberg, the EcoWatch team has organized a list of our top suggestions here:
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Newberg
Factors that Affect Solar Panel Costs in Newberg
Although the average cost of a solar system in Newberg is $10,501, your final cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar system in Newberg, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by around $3,500 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Newberg, and each can charge varying amounts for labor and equipment.The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.64 | $15,288 | $16,162 | 12.2 years |
| 8 kW | $3.57 | $19,992 | $21,941 | 11.9 years |
| 10 kW | $3.50 | $24,500 | $27,916 | 11.7 years |
| 12 kW | $3.43 | $28,812 | $34,088 | 11.5 years |
| 14 kW | $3.36 | $32,928 | $40,455 | 11.2 years |
| 16 kW | $3.29 | $36,848 | $47,018 | 11.0 years |
| 18 kW | $3.22 | $40,572 | $53,777 | 10.8 years |
| 20 kW | $3.15 | $44,100 | $60,733 | 10.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Review the contract terms closely to make sure you understand the total cost, completion timeline rebates and warranties.
- Warranty: If you’re concerned about the durability of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate 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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Newberg, OR Solar Cost FAQs
What is the average cost of installing solar panels in Newberg?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $17,500 for a 5-kW system and $35,000 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Newberg have a net metering program?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.