Solar Panel Cost Guide in Newcomerstown, OH (2024 Update)
- Newcomerstown Solar Installation Cost: $18,460
- 25-Year Savings: $19,911
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Newcomerstown
Find out what the average cost of a solar system is in Newcomerstown.
In Newcomerstown, solar panels cost about 3 per watt on average.The average solar panel system size in Newcomerstown is around 7.7 kilowatts, meaning a cost of about $18,460 for a solar installation, or $26,398 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Newcomerstown can save around $17,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Newcomerstown for a quote for your home.
Solar savings over time in Newcomerstown
| Year | Return on Investment |
|---|---|
| 1 years | $-17,128 |
| 3 years | $-14,464 |
| 5 years | $-11,800 |
| 7 years | $-9,136 |
| 9 years | $-6,472 |
| 11 years | $-3,808 |
| 13 years | $-1,144 |
| 15 years | $1,520 |
| 17 years | $4,184 |
| 19 years | $6,848 |
| 21 years | $9,512 |
| 23 years | $12,176 |
| 25 years | $14,840 |
Top Solar Installers in Newcomerstown
Although it's possible to install solar panels on your own, it requires extra energy and handiness. For that reason, almost all homeowners choose to go with a solar panel installer. Some solar companies, especially local ones, can help you better understand incentives in Newcomerstown, optimizing your ROI.
If you’d like to start using solar energy but still aren’t certain which solar system installer 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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Newcomerstown
Factors that Affect Solar Panel Costs in Newcomerstown
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Newcomerstown: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Newcomerstown, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.The brand of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than 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 into a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Newcomerstown have solar loans, which reduce your upfront costs of installing solar.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of sustainable energy solutions in Newcomerstown, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — 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 go with the company that provides the products, warranties and services you want and also fit into 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 | $3.55 | $14,895 | $11,304 | 14.2 years |
| 8 kW | $3.48 | $19,478 | $15,454 | 13.9 years |
| 10 kW | $3.41 | $23,870 | $19,795 | 13.7 years |
| 12 kW | $3.34 | $28,071 | $24,327 | 13.4 years |
| 14 kW | $3.27 | $32,081 | $29,050 | 13.1 years |
| 16 kW | $3.21 | $35,900 | $33,964 | 12.8 years |
| 18 kW | $3.14 | $39,529 | $39,069 | 12.6 years |
| 20 kW | $3.07 | $42,966 | $44,365 | 12.3 years |
How to Save on Solar Panels
There are many companies to choose from in Newcomerstown, 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:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Warranty: If you’re concerned about the longevity of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
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 Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Newcomerstown, OH Solar Cost FAQs
What is the average cost of installing solar panels in Newcomerstown?
The average cost of solar panels in Newcomerstown is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Newcomerstown?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home 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 installing solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Newcomerstown is currently $140,009, so you can look forward to a value of about $5,740 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Newcomerstown is a rewarding investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely 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.