Solar Panel Cost Guide in Newington, VA (Mar 2023)
- Newington Solar Installation Cost: $15,515
- 25-Year Savings: $20,688
- Payback Period: 10.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Newington
Let's take a look at the average cost of solar in Newington.
In Newington, solar panels cost about 2.75 per watt on average. The average solar panel system size in Newington is around 8.1 kilowatts, meaning a cost of about $15,515 for a solar installation, or $22,186 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Newington homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on power bills.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Newington
| Year | Return on Investment |
|---|---|
| 1 years | $-14,067 |
| 3 years | $-11,171 |
| 5 years | $-8,275 |
| 7 years | $-5,378 |
| 9 years | $-2,482 |
| 11 years | $414 |
| 13 years | $3,310 |
| 15 years | $6,207 |
| 17 years | $9,103 |
| 19 years | $11,999 |
| 21 years | $14,896 |
| 23 years | $17,792 |
| 25 years | $20,688 |
Top Solar Installers in Newington
Many homeowners opt for a solar installer since trying to put up solar panels by yourself can be time-consuming. Plus, if you're not certain what brand of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you'd like to switch to solar energy but still aren't sure which solar system company to go with, here are our recommendations for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Newington
Factors that Affect Solar Panel Costs in Newington
There are a number of criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,750. There are many different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Newington, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can play a part in determining how much you pay. Newington's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.86 | $12,012 | $14,928 | 11.1 years |
| 8 kW | $2.81 | $15,708 | $20,212 | 10.9 years |
| 10 kW | $2.75 | $19,250 | $25,650 | 10.7 years |
| 12 kW | $2.69 | $22,638 | $31,242 | 10.5 years |
| 14 kW | $2.64 | $25,872 | $36,988 | 10.3 years |
| 16 kW | $2.58 | $28,952 | $42,888 | 10.1 years |
| 18 kW | $2.53 | $31,878 | $48,942 | 9.9 years |
| 20 kW | $2.48 | $34,650 | $55,150 | 9.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Newington, VA Solar Cost FAQs
How much does it cost to install solar panels in Newington?
The average cost of solar panels in Newington is about $13,750 for a 5-kW system and $27,500 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Newington?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How will solar panels impact the value of my home?
Solar panels can increase the value of your home significantly 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 solar panels."
How long do solar panels last in Newington?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.