Solar Panel Cost Guide in Newport East, RI (2024 Update)

  • Newport East Solar Installation Cost: $11,205
  • 25-Year Savings: $14,128
  • Payback Period: 12.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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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 Newport East

Find out what the average cost of solar panel installation is in Newport East.

In Newport East, 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.

Keep in mind that the figures above are only estimates based on the average Newport East homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a solid investment. The average homeowner in Newport East can save about $21,000 on their electricity bills over 20 years.

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

Solar savings over time in Newport East

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 East

Although it's possible to install solar panels yourself, it requires extra time and knowledge. That's one of the reasons almost all homeowners choose to go with a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over time.

If you’d like to switch to solar energy but still aren’t certain which solar panel company to go with, here are our suggestions for providers 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 for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Newport East

Factors that Affect Solar Panel Costs in Newport East

Even though the average cost of a solar system in Newport East is $11,205, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Newport East, 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 more impactful. 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 difficult, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also adds to your all-in costs, so it’s vital to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The solar company you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Newport East, and each can charge different amounts for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that provides the products, warranties and services you want and also fits within your budget.

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 many companies to choose from in Newport East, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:

  • Solar Panel Brands: The model of solar panel you’d like to install plays a part in which company you should go with, since different companies offer different panels.
  • Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the completion timeline.
  • Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
  • Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.

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 for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Newport East, RI Solar Cost FAQs

How much does it cost to install solar panels in Newport East?

The average cost of solar panels in Newport East is about $20,350 for a 5-kW system and $40,700 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Newport East?

A solar panel system isn’t free in Newport East, 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 can further reduce the cost.

Do solar panels increase how much your 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 East is currently $787,171, so you can expect a value of about $32,274 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Newport East is a rewarding investment.

What solar power system size is right for 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 usually produce about 250 to 400 watt-hours per hour, the average household 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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