Solar Panel Cost Guide in Newberry, FL (2024 Update)
- Newberry Solar Installation Cost: $12,791
- 25-Year Savings: $21,591
- Payback Period: 10.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Newberry
Find out what the average cost of a solar system is in Newberry.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Newberry, the typical cost of a solar system is 3 per watt.Using this figure, a typical 5.7-kW system would cost about $12,791 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Newberry homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar panels is worth paying. On average Newberry homeowners see about $22,000 in savings on utility bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Newberry
| Year | Return on Investment |
|---|---|
| 1 years | $-11,150 |
| 3 years | $-7,868 |
| 5 years | $-4,586 |
| 7 years | $-1,304 |
| 9 years | $1,978 |
| 11 years | $5,261 |
| 13 years | $8,543 |
| 15 years | $11,825 |
| 17 years | $15,107 |
| 19 years | $18,389 |
| 21 years | $21,671 |
| 23 years | $24,953 |
| 25 years | $28,235 |
Top Solar Installers in Newberry
When making the switch to solar, many homeowners prefer to go with a solar installation company since handling can be a time-consuming project. Another great thing about using a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
Working with a vetted 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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Newberry
Factors that Affect Solar Panel Costs in Newberry
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Newberry: 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 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, your total will most likely increase by around $3,210. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Newberry, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your overall costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Newberry, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.The company’s size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and bulk 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 names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.34 | $14,021 | $19,362 | 10.5 years |
| 8 kW | $3.27 | $18,336 | $26,176 | 10.3 years |
| 10 kW | $3.21 | $22,470 | $33,169 | 10.1 years |
| 12 kW | $3.15 | $26,425 | $40,342 | 9.9 years |
| 14 kW | $3.08 | $30,200 | $47,695 | 9.7 years |
| 16 kW | $3.02 | $33,795 | $55,228 | 9.5 years |
| 18 kW | $2.95 | $37,210 | $62,940 | 9.3 years |
| 20 kW | $2.89 | $40,446 | $70,833 | 9.1 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Newberry, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two 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 good reviews from past customers.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- 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 type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Installation Process: When making the switch to solar, it’s necessary to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project completion timeline.
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Newberry, FL Solar Cost FAQs
What is the average cost of installing solar panels in Newberry?
The average cost of solar panels in Newberry is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind 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 keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,112.79 per year.
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 requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.