Solar Panel Cost Guide in Newberry, SC (Mar 2023)
- Newberry Solar Installation Cost: $15,042
- 25-Year Savings: $32,029
- Payback Period: 8.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Newberry
We go over average solar pricing in Newberry.
The average cost of a solar system in Newberry is 2.72 per watt. The average Newberry homeowner needs a 7.9-kilowatt system, which would cost about $15,042 with the federal tax credit, or $21,510 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of making the switch to solar can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with. For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Newberry see about $23,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Newberry for a quote for your home.
Solar savings over time in Newberry
| Year | Return on Investment |
|---|---|
| 1 years | $-13,159 |
| 3 years | $-9,393 |
| 5 years | $-5,627 |
| 7 years | $-1,862 |
| 9 years | $1,904 |
| 11 years | $5,669 |
| 13 years | $9,435 |
| 15 years | $13,201 |
| 17 years | $16,966 |
| 19 years | $20,732 |
| 21 years | $24,498 |
| 23 years | $28,263 |
| 25 years | $32,029 |
Top Solar Installers in Newberry
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Using a solar panel installer can make your swap to solar power much easier. Another advantage of using a solar company is that they can help you maximize your investment by lowering your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
If you'd like to start using solar energy but still aren't certain which solar system company to go with, here are our recommendations for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Newberry
Factors that Affect Solar Panel Costs in Newberry
The cost of installing a solar system in Newberry can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,720. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Newberry, where sunlight is abundant, efficiency can quickly pay off. Plus, 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 Newberry provide solar loans, which reduce your upfront costs of installing solar. Even though solar loans make adopting solar energy more accessible for Newberry homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Newberry is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 | $2.83 | $11,881 | $23,860 | 8.3 years |
| 8 kW | $2.77 | $15,537 | $32,118 | 8.2 years |
| 10 kW | $2.72 | $19,040 | $40,528 | 8.0 years |
| 12 kW | $2.67 | $22,391 | $49,091 | 7.8 years |
| 14 kW | $2.61 | $25,590 | $57,806 | 7.7 years |
| 16 kW | $2.56 | $28,636 | $66,673 | 7.5 years |
| 18 kW | $2.50 | $31,530 | $75,693 | 7.4 years |
| 20 kW | $2.45 | $34,272 | $84,864 | 7.2 years |
How to Save on Solar Panels
There are many companies available in Newberry, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A quality company rises above other companies by offering 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 large role in the company you opt for.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Newberry, SC Solar Cost FAQs
How much does it cost to install solar panels in Newberry?
The average cost of solar panels in Newberry is about $13,600 for a 5-kW system and $27,200 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.
What other factors should I consider other than cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will solar panels impact my home value?
Solar panels can increase your property's 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."
What solar power system size is right for 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.
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.