Solar Panel Cost Guide in New Hanover, PA (Jan 2023)

  • New Hanover Solar Installation Cost: $11,763
  • 25-Year Savings: $13,921
  • Payback Period: 11.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in New Hanover

We go over average solar pricing in New Hanover.

Currently, the national average cost of solar panels is $2.66 per watt. However, in New Hanover, the typical cost of a solar system is $3 per watt. Since a 6.6-kW system is needed to cover the energy consumption of a typical home in New Hanover, the average price of going solar will be about $11,763 before claiming the federal solar tax credit of 30%.

These figures are only estimates, and how much solar costs for you will look different based on your specific situation and what company you want to go with. For most homeowners, the upfront cost of solar panels is worth paying. On average New Hanover homeowners see about $15,000 in savings on utility bills over 20 years.

Click the button below to get connected to a vetted solar panel company in your area for a custom quote.

Solar savings over time in New Hanover

Year Return on Investment
1 years $-10,736
3 years $-8,681
5 years $-6,626
7 years $-4,572
9 years $-2,517
11 years $-462
13 years $1,592
15 years $3,647
17 years $5,702
19 years $7,756
21 years $9,811
23 years $11,866
25 years $13,921

Top Solar Installers in New Hanover

Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar company can make swapping over to solar power much easier. A solar installer can also help save you money in the long run by offering warranties, repairs and part replacements.

You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 New Hanover

Factors that Affect Solar Panel Costs in New Hanover

For many New Hanover homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in New Hanover, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like New Hanover, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many New Hanover homeowners decide to finance their solar panel systems to make paying for solar more affordable. 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 reduce the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to figure out the cost of solar for your home or business in New Hanover is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.65 $11,138 $12,262 11.9 years
8 kW $2.60 $14,566 $16,635 11.7 years
10 kW $2.55 $17,850 $21,151 11.4 years
12 kW $2.50 $20,992 $25,810 11.2 years
14 kW $2.45 $23,990 $30,611 11.0 years
16 kW $2.40 $26,846 $35,555 10.8 years
18 kW $2.35 $29,560 $40,642 10.5 years
20 kW $2.29 $32,130 $45,872 10.3 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:

  • Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
  • Contract: Before you sign a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Installation Process: When making the switch to solar, it's essential to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the completion timeline.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 New Hanover, PA Solar Cost FAQs

What is the average cost of installing solar panels in New Hanover?

The average cost of solar panels in New Hanover is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.

Is cost the most important consideration when buying solar panels?

The upfront cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

How much can I save on power bills after switching to solar?

Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $780.02 per year.

How many solar panels do I need to power my home?

To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.

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.

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