Solar Panel Cost Guide in Newport, RI (2025 Update)
- Newport Solar Installation Cost: $11,205
- 25-Year Savings: $14,128
- Payback Period: 12.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Newport
We break down average solar pricing in Newport.
In Newport, solar panels cost about 4 per watt on average.Using this figure, a typical 3.9-kW system would cost about $11,205 before the 0 federal solar tax credit is applied.
The true price you pay can be higher or lower than the average in Newport based on a few factors, such as the brand of solar panels you choose and the solar installer you hire.Despite the high initial cost, the average Newport homeowner can save about $21,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a top solar installer in Newport that can help you get a more accurate cost estimate for your home.
Solar savings over time in Newport
| Year | Return on Investment |
|---|---|
| 1 years | $-9,674 |
| 3 years | $-6,612 |
| 5 years | $-3,550 |
| 7 years | $-488 |
| 9 years | $2,574 |
| 11 years | $5,636 |
| 13 years | $8,698 |
| 15 years | $11,760 |
| 17 years | $14,822 |
| 19 years | $17,884 |
| 21 years | $20,946 |
| 23 years | $24,009 |
| 25 years | $27,071 |
Top Solar Installers in Newport
Although you can install solar panels by yourself, it takes extra time and expertise. Because of that, the majority of homeowners choose to hire a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you opt for a solar company as well, which can save you more money after your upfront investment.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Newport:
See all of the solar companies in Newport
Factors that Affect Solar Panel Costs in Newport
The cost of installing a solar system in Newport can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production 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 $4,070.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Newport, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
If paying for solar panels out of pocket is out of reach, solar loans are a popular route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.While solar loans make adopting solar energy more accessible for Newport homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can impact your pricing. Newport’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, 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 | $4.23 | $17,778 | $15,703 | 13.3 years |
| 8 kW | $4.15 | $23,248 | $21,393 | 13.0 years |
| 10 kW | $4.07 | $28,490 | $27,311 | 12.8 years |
| 12 kW | $3.99 | $33,504 | $33,458 | 12.5 years |
| 14 kW | $3.91 | $38,291 | $39,831 | 12.3 years |
| 16 kW | $3.83 | $42,849 | $46,433 | 12.0 years |
| 18 kW | $3.74 | $47,179 | $53,263 | 11.7 years |
| 20 kW | $3.66 | $51,282 | $60,321 | 11.5 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 brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Warranty: If you care about the longevity of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
EcoWatch's Newport, RI Solar Cost FAQs
What is the average cost of installing solar panels in Newport?
The average cost of solar panels in Newport is about $20,350 for a 5-kW system and $40,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact the value of my home?
Solar panels can increase the value of your home 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% after installing a solar system."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.