Solar Panel Cost Guide in Newberry, SC (2024 Update)
- Newberry Solar Installation Cost: $19,083
- 25-Year Savings: $32,025
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Newberry
We go over average solar pricing in Newberry.
While the national average of solar panels is $2.66 per watt, solar panels in Newberry typically cost around 3.Since a 7.9-kW system is needed to cover the energy usage of a typical home in Newberry, the average price of going solar will be about $19,083 after claiming the federal solar tax credit of 0.
These figures are just averages, and how much solar costs for you may look different based on factors unique to your home and what company you go with.Even with the high initial cost, the average Newberry homeowner can save about $23,000 on their energy bills over 20 years, which is one of the benefits of solar.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Newberry
| Year | Return on Investment |
|---|---|
| 1 years | $-17,598 |
| 3 years | $-14,627 |
| 5 years | $-11,657 |
| 7 years | $-8,686 |
| 9 years | $-5,716 |
| 11 years | $-2,745 |
| 13 years | $225 |
| 15 years | $3,196 |
| 17 years | $6,166 |
| 19 years | $9,137 |
| 21 years | $12,108 |
| 23 years | $15,078 |
| 25 years | $18,049 |
Top Solar Installers in Newberry
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with an installer can make your switch to solar power much easier. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
Working with a professional solar company can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some 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 increase costs. For each additional kilowatt you need, your cost can go up by about $3,450.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Newberry to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time due to interest.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Newberry is the company you get to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you want and also fit into 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 | $3.59 | $15,070 | $20,671 | 10.5 years |
| 8 kW | $3.52 | $19,706 | $27,948 | 10.3 years |
| 10 kW | $3.45 | $24,150 | $35,418 | 10.1 years |
| 12 kW | $3.38 | $28,400 | $43,081 | 9.9 years |
| 14 kW | $3.31 | $32,458 | $50,938 | 9.7 years |
| 16 kW | $3.24 | $36,322 | $58,988 | 9.5 years |
| 18 kW | $3.17 | $39,992 | $67,230 | 9.3 years |
| 20 kW | $3.11 | $43,470 | $75,666 | 9.1 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 models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Warranty: If you’re worried about the durability of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Newberry, SC Solar Cost FAQs
What is the average cost of installing solar panels in Newberry?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,250 for a 5-kW system and $34,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Newberry?
You can’t get solar panels for free in Newberry. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Newberry is currently $162,225, so you can look forward to a value of about $6,651 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Newberry is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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.