Solar Panel Cost Guide in Newport, PA (2023 Update)
- Newport Solar Installation Cost: $12,406
- 25-Year Savings: $8,182
- Payback Period: 15.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Newport
Find out what the average cost of solar panel installation is in Newport.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Newport, the typical cost of a solar system is 2.55 per watt. The average Newport homeowner needs a 7.0-kilowatt system, which would cost about $12,406 with the federal tax credit, or $17,741 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Newport homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. With average savings of about $11,000 on utility bills over 20 years, many homeowners in Newport find going solar can pay off big.
Click the button below to get connected to a reputable solar company in Newport for a customized quote.
Solar savings over time in Newport
| Year | Return on Investment |
|---|---|
| 1 years | $-11,582 |
| 3 years | $-9,935 |
| 5 years | $-8,288 |
| 7 years | $-6,641 |
| 9 years | $-4,994 |
| 11 years | $-3,347 |
| 13 years | $-1,700 |
| 15 years | $-53 |
| 17 years | $1,594 |
| 19 years | $3,241 |
| 21 years | $4,888 |
| 23 years | $6,535 |
| 25 years | $8,182 |
Top Solar Installers in Newport
Putting up solar panels on your own can be a stressful project, which is why getting a solar installer is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be best for you.
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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Newport
Factors that Affect Solar Panel Costs in Newport
For many Newport homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Newport, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $2,550 per kilowatt in Newport. The brand of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Newport provide solar loans, which reduce the initial cost of installing a solar system. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only 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
The solar installer you select will play a role in your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Newport know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $2.65 | $11,138 | $6,641 | 15.7 years |
| 8 kW | $2.60 | $14,566 | $9,141 | 15.4 years |
| 10 kW | $2.55 | $17,850 | $11,783 | 15.1 years |
| 12 kW | $2.50 | $20,992 | $14,568 | 14.8 years |
| 14 kW | $2.45 | $23,990 | $17,496 | 14.5 years |
| 16 kW | $2.40 | $26,846 | $20,566 | 14.2 years |
| 18 kW | $2.35 | $29,560 | $23,780 | 13.9 years |
| 20 kW | $2.29 | $32,130 | $27,136 | 13.6 years |
How to Save on Solar Panels
There are a lot of companies available in Newport, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- 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 most likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Newport, PA Solar Cost FAQs
How much does it cost to install solar panels in Newport?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Newport?
Solar panels aren't free in Newport, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Newport is currently $106,896, so you could be looking at a value of about $4,383 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Newport is a worthwhile investment.
How long do solar panels last in Newport?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.