Solar Panel Cost Guide in Newport, SC (Feb 2023)
- Newport Solar Installation Cost: $15,422
- 25-Year Savings: $24,998
- Payback Period: 9.5 Years
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Top Solar Installers in Newport
Many homeowners decide to use a solar installer since trying to install solar panels on your own can be challenging. The payback period on a solar system will vary depending on factors like your location and energy use, but going with a solar installer can shorten it. Your provider will be able to help you identify incentives available in your area.
If you'd like to start using solar energy but still aren't sure which solar installer to go with, here are our recommendations for providers in Newport:
See all of the solar companies in Newport
Factors that Affect Solar Panel Costs in Newport
For many Newport homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Newport, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $2,720 per kilowatt in Newport. There are many different solar panel brands and the one you pick also affects the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular option because they lower your upfront costs and let you pay for your system over five to seven years on average. Though solar loans make adopting solar energy more accessible for Newport homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating in Newport, and each can charge different amounts for labor and equipment. Additionally, some companies in Newport know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$18,047||9.9 years|
|8 kW||$2.77||$15,537||$24,367||9.7 years|
|10 kW||$2.72||$19,040||$30,839||9.5 years|
|12 kW||$2.67||$22,391||$37,464||9.4 years|
|14 kW||$2.61||$25,590||$44,241||9.2 years|
|16 kW||$2.56||$28,636||$51,171||9.0 years|
|18 kW||$2.50||$31,530||$58,253||8.8 years|
|20 kW||$2.45||$34,272||$65,487||8.6 years|
How to Save on Solar Panels
There are numerous companies to choose from in Newport, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
EcoWatch's Newport, SC Solar Cost FAQs
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.