Solar Panel Cost Guide in Newtown, PA (Sep 2022)

  • Newtown Solar Installation Cost: $11,745
  • 25-Year Savings: $14,900
  • Payback Period: 11.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Newtown

Let's have a look at the average cost of solar panels in Newtown.

Although the national average of solar panels is $2.66 per watt, solar panels in Newtown generally cost around $3. To account for the typical energy usage of the average home in Newtown, most homeowners require a 6.6-kilowatt system. Using the figure above, a solar installation costs around $11,745, or $8,691 after the federal solar tax credit of 30% is applied.

These figures are only estimates, and your own solar costs will most likely differ based on the amount of energy your home requires and what company you choose to go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Newtown can save about $15,000 on their power bills over 20 years.

You can click the button below to get connected with a vetted solar company in Newtown for a quote for your home.

Solar savings over time in Newtown

Year Return on Investment
1 years $-10,679
3 years $-8,548
5 years $-6,416
7 years $-4,285
9 years $-2,153
11 years $-21
13 years $2,110
15 years $4,242
17 years $6,374
19 years $8,505
21 years $10,637
23 years $12,769
25 years $14,900

Top Solar Installers in Newtown

Many homeowners decide to use a solar panel installer since trying to install solar panels on your own can be challenging. Companies can also offer access to quality options of the best solar panels and help you pick which one will be best for you.

If you're searching for a solar installer in Newtown, we've compiled a list of our top suggestions here:

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

The Green Panel

★★★★★
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 Newtown

Factors that Affect Solar Panel Costs in Newtown

The cost of installing a solar system in Newtown can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.

Solar Equipment Size

Size is one of the largest factors that influences the overall cost of going solar. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Newtown, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Most solar companies in Newtown offer solar loans, which reduce your upfront costs of installing solar. Though solar loans make going solar more accessible for Newtown homeowners, they can also increase 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

The solar panel installation company you select will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.

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 $13,146 11.5 years
8 kW $2.60 $14,566 $17,813 11.2 years
10 kW $2.55 $17,850 $22,623 11.0 years
12 kW $2.50 $20,992 $27,576 10.8 years
14 kW $2.45 $23,990 $32,672 10.6 years
16 kW $2.40 $26,846 $37,911 10.4 years
18 kW $2.35 $29,560 $43,293 10.1 years
20 kW $2.29 $32,130 $48,817 9.9 years

Solar Incentives in Newtown

Name Solar Alternative Energy Credits
Incentive Amount Varies based on market conditions; during 2015 the market price for PA-sourced SRECs has ranged from approximately $32 - $55/MWh ($0.032 - $0.055/kWh) although individual trades have taken place at substantially lower and higher prices.
Incentive Max Varies based on market conditions; SACP does not represent a price ceiling because it is only determined after the fact
Website Visit here
More Info Click here

Name High Performance Building Incentives Program
Incentive Amount Vary by project, but program generally requires matching funds at least equivalent to DCED funding
Incentive Max Residential loans/loan guarantees: $100,000
Commercial loans/loan guarantees: $2 million
Grants: Lesser of 10% of project costs or $500,000
Website Visit here
More Info Click here

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name High Performance Buildings Incentive Program
Website Visit here
More Info Click here

How to Save on Solar Panels

Since the type of solar panels and the installer you choose significantly impacts your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Contract: Even 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 what services your solar company will provide and how part repairs and replacements will be handled.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
  • Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.

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

The Green Panel

★★★★★
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 Newtown, PA Solar Cost FAQs

How much does it cost to install solar panels in Newtown?

The average cost of solar panels in Newtown is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Newtown?

Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

Can you sell solar power back to the grid in Newtown?

The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future energy 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?

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 larger level 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.

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