Solar Panel Cost Guide in Newport, PA (2024 Update)
- Newport Solar Installation Cost: $17,265
- 25-Year Savings: $8,186
- Payback Period: 21.0 Years
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Average Cost of Solar Panels in Newport
Find out what the average cost of solar panel installation is in Newport.
The average cost of solar panels in Newport is 4 per watt.The average solar panel system size in Newport is around 6.9 kilowatts, meaning a cost of about $17,265 for a solar installation, or $24,689 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with.Despite the large upfront cost, the average Newport homeowner can save about $11,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar panel company in your area for a customized quote.
Solar savings over time in Newport
| Year | Return on Investment |
|---|---|
| 1 years | $-15,994 |
| 3 years | $-13,454 |
| 5 years | $-10,913 |
| 7 years | $-8,372 |
| 9 years | $-5,832 |
| 11 years | $-3,291 |
| 13 years | $-751 |
| 15 years | $1,790 |
| 17 years | $4,330 |
| 19 years | $6,871 |
| 21 years | $9,412 |
| 23 years | $11,952 |
| 25 years | $14,493 |
Top Solar Installers in Newport
Many homeowners opt for a solar panel company since installing solar panels on your own can be time-consuming. Local solar installers can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Newport
Factors that Affect Solar Panel Costs in Newport
Though the average cost of a solar system in Newport is $17,265, your final cost may be higher or lower than that. 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
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,550 per kilowatt in Newport.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Newport, where sunlight isn’t as abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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 utility bills over time, but they can also be a significant investment. That’s why many Newport homeowners decide to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Newport is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services at different price points.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 | $3.69 | $15,506 | $2,273 | 21.8 years |
| 8 kW | $3.62 | $20,278 | $3,429 | 21.4 years |
| 10 kW | $3.55 | $24,850 | $4,783 | 21.0 years |
| 12 kW | $3.48 | $29,224 | $6,336 | 20.5 years |
| 14 kW | $3.41 | $33,398 | $8,088 | 20.1 years |
| 16 kW | $3.34 | $37,374 | $10,038 | 19.7 years |
| 18 kW | $3.27 | $41,152 | $12,188 | 19.3 years |
| 20 kW | $3.19 | $44,730 | $14,536 | 18.9 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Newport, PA Solar Cost FAQs
What is the average cost of installing solar panels in Newport?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase your home value?
Solar panels can increase your home value remarkably 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 often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.