Solar Panel Cost Guide in Newton, NC (2024 Update)
- Newton Solar Installation Cost: $16,847
- 25-Year Savings: $20,789
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Newton
Let’s take a look at the average cost of solar panels in Newton.
The average cost of solar panels in Newton is 4 per watt.Since a 6.9-kW system is needed to cover the energy usage of a typical home in Newton, the average price of going solar will be about $16,847 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Newton homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With typical savings of about $18,000 on power bills over 20 years, many homeowners in Newton find installing solar panels can pay off big.
Click the button below to get connected to a highly rated solar panel company in your area for a customized quote.
Solar savings over time in Newton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,525 |
| 3 years | $-12,881 |
| 5 years | $-10,236 |
| 7 years | $-7,592 |
| 9 years | $-4,948 |
| 11 years | $-2,304 |
| 13 years | $341 |
| 15 years | $2,985 |
| 17 years | $5,629 |
| 19 years | $8,273 |
| 21 years | $10,918 |
| 23 years | $13,562 |
| 25 years | $16,206 |
Top Solar Installers in Newton
Trying to put up solar panels on your own can be a time-consuming undertaking, which is why getting a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance in the long run.
If you’d like to make the switch to solar but still aren’t certain which solar company to go with, here are our recommendations for providers near you:
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Newton
Factors that Affect Solar Panel Costs in Newton
There are many criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar panels and equipment you want is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Newton provide solar loans, which reduce the initial cost of installing solar.Even though solar loans make going solar more accessible for Newton homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Newton is the company you hire to install your PV system. As with choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that offer a range of services for different budgets.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.65 | $15,332 | $13,527 | 13.3 years |
| 8 kW | $3.58 | $20,049 | $18,429 | 13.0 years |
| 10 kW | $3.51 | $24,570 | $23,528 | 12.8 years |
| 12 kW | $3.44 | $28,894 | $28,823 | 12.5 years |
| 14 kW | $3.37 | $33,022 | $34,315 | 12.3 years |
| 16 kW | $3.30 | $36,953 | $40,003 | 12.0 years |
| 18 kW | $3.23 | $40,688 | $45,888 | 11.7 years |
| 20 kW | $3.16 | $44,226 | $51,970 | 11.5 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Newton, NC Solar Cost FAQs
How much does it cost to install solar panels in Newton?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $17,550 for a 5-kW system and $35,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration 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 it worth going solar in Newton?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
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 the amount of energy they produce will have decreased significantly after that point. You can decide 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.