Solar Panel Cost Guide in New Martinsville, WV (Oct 2022)

  • New Martinsville Solar Installation Cost: $21,030
  • 25-Year Savings: $28,058
  • Payback Period: 10.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in New Martinsville

We go over average solar pricing in New Martinsville.

The national average cost of solar panels is $2.66 per watt, but in New Martinsville it's $3 per watt. The average New Martinsville homeowner needs a 11.4-kilowatt system, which would cost about $21,030, or $15,562 after the federal solar tax credit of 30% is applied.

Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more. For many homeowners, the upfront investment in solar panels is worth paying. On average New Martinsville homeowners see about $16,000 in savings on electricity bills over 20 years.

You can click the button below to get connected with a vetted solar company in New Martinsville that can help you get a more accurate cost estimate for your home.

Solar savings over time in New Martinsville

Year Return on Investment
1 years $-19,067
3 years $-15,140
5 years $-11,213
7 years $-7,286
9 years $-3,358
11 years $569
13 years $4,496
15 years $8,423
17 years $12,350
19 years $16,277
21 years $20,204
23 years $24,131
25 years $28,058

Top Solar Installers in New Martinsville

Many homeowners opt for a solar installation company since installing solar panels on your own can be time-consuming. The expertise that solar installers offer can be invaluable as well, especially if you aren't sure what type of solar equipment would be right for your home.

Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:

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 Technology

Tesla Energy

★★★★★
4.5

  • 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 New Martinsville

Factors that Affect Solar Panel Costs in New Martinsville

For many New Martinsville homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in New Martinsville, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of a solar energy system in New Martinsville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,640 for each additional kilowatt you need. The model of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.

Solar Financing Terms

Most solar installers in New Martinsville offer solar loans, which reduce the initial cost of installing a solar system. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in New Martinsville is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, you'll have many options for solar installers that offer a range of services for different budgets. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, 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 $2.75 $11,532 $14,347 11.1 years
8 kW $2.69 $15,080 $19,426 10.9 years
10 kW $2.64 $18,480 $24,652 10.7 years
12 kW $2.59 $21,732 $30,026 10.5 years
14 kW $2.53 $24,837 $35,547 10.3 years
16 kW $2.48 $27,794 $41,217 10.1 years
18 kW $2.43 $30,603 $47,034 9.9 years
20 kW $2.38 $33,264 $52,999 9.6 years

How to Save on Solar Panels

There are many companies to choose from in New Martinsville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:

  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
  • Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Installation Process: When making the switch to solar power, it's important to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the completion timeline.
  • Contract: Before you sign a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.

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 Technology

Tesla Energy

★★★★★
4.5

  • 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 New Martinsville, WV Solar Cost FAQs

How much does it cost to install solar panels in New Martinsville?

The average cost of solar panels in New Martinsville is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important consideration when buying solar panels?

Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Is it worth going solar in New Martinsville?

Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.

How long do solar panels last in New Martinsville?

Even though 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 the amount of 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 keep using 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.

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