Solar Panel Cost Guide in Newman, CA (2024 Update)
- Newman Solar Installation Cost: $7,258
- 25-Year Savings: $19,652
- Payback Period: 7.2 Years
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Average Cost of Solar Panels in Newman
See how much it might cost to make the switch to solar in Newman.
The average cost of solar panels in Newman is 3 per watt.To cover the typical energy usage of the average home in Newman, most homeowners require a 3.0-kilowatt system. Using the figure above, a solar installation costs around $7,258, or $10,379 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and your own solar costs will differ based on factors unique to your home and what company you go with.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Newman can save around $32,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Newman for a quote for your home.
Solar savings over time in Newman
| Year | Return on Investment |
|---|---|
| 1 years | $-5,720 |
| 3 years | $-2,644 |
| 5 years | $432 |
| 7 years | $3,508 |
| 9 years | $6,583 |
| 11 years | $9,659 |
| 13 years | $12,735 |
| 15 years | $15,811 |
| 17 years | $18,887 |
| 19 years | $21,962 |
| 21 years | $25,038 |
| 23 years | $28,114 |
| 25 years | $31,190 |
Top Solar Installers in Newman
Many homeowners opt for a solar installation company since installing solar panels on your own can be hard. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Newman
Factors that Affect Solar Panel Costs in Newman
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Newman: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your home, 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 nearly $3,470. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Newman, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Newman, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — 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 find a company that has the products, warranties and services you want and also is within 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 | $3.61 | $15,157 | $35,772 | 7.4 years |
| 8 kW | $3.54 | $19,821 | $48,084 | 7.3 years |
| 10 kW | $3.47 | $24,290 | $60,591 | 7.2 years |
| 12 kW | $3.40 | $28,565 | $73,292 | 7.0 years |
| 14 kW | $3.33 | $32,646 | $86,187 | 6.9 years |
| 16 kW | $3.26 | $36,532 | $99,277 | 6.7 years |
| 18 kW | $3.19 | $40,224 | $112,561 | 6.6 years |
| 20 kW | $3.12 | $43,722 | $126,040 | 6.4 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Newman, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Contract: Before signing a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which brand 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 peruse their list of options before deciding.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Newman, CA Solar Cost FAQs
What is the average cost of installing solar panels in Newman?
The average cost of solar panels in Newman is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff 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 apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Newman?
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 how much energy they produce will have decreased significantly after that point. You can opt to replace them after having 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.