Solar Panel Cost Guide in Newport East, RI (2024 Update)
- Newport East Solar Installation Cost: $11,205
- 25-Year Savings: $14,128
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Newport East
Find out what the average cost of solar panel installation is in Newport East.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Newport East, the average cost of a solar system is 4 per watt.Using this figure, a typical 3.9-kW system would cost about $11,205 before the 0 federal solar tax credit is applied.
How much you pay can be above or below the average in Newport East based on several factors, such as the brand of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Newport East can save about $21,000 on their power bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Newport East
| Year | Return on Investment |
|---|---|
| 1 years | $-9,674 |
| 3 years | $-6,612 |
| 5 years | $-3,550 |
| 7 years | $-488 |
| 9 years | $2,574 |
| 11 years | $5,636 |
| 13 years | $8,698 |
| 15 years | $11,760 |
| 17 years | $14,822 |
| 19 years | $17,884 |
| 21 years | $20,946 |
| 23 years | $24,009 |
| 25 years | $27,071 |
Top Solar Installers in Newport East
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with an installer can make switching to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
Best Technology
Tesla Energy
- 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 Newport East
Factors that Affect Solar Panel Costs in Newport East
For many Newport East homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Newport East, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $4,070 per kilowatt in Newport East.The brand and type of equipment you get for your solar system can raise or lower 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. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Newport East to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.Though solar loans make switching to solar energy more accessible for Newport East homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installation company you choose will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.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 access to specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $4.23 | $17,778 | $15,703 | 13.3 years |
| 8 kW | $4.15 | $23,248 | $21,393 | 13.0 years |
| 10 kW | $4.07 | $28,490 | $27,311 | 12.8 years |
| 12 kW | $3.99 | $33,504 | $33,458 | 12.5 years |
| 14 kW | $3.91 | $38,291 | $39,831 | 12.3 years |
| 16 kW | $3.83 | $42,849 | $46,433 | 12.0 years |
| 18 kW | $3.74 | $47,179 | $53,263 | 11.7 years |
| 20 kW | $3.66 | $51,282 | $60,321 | 11.5 years |
How to Save on Solar Panels
There are numerous companies available in Newport East, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you’d like to install plays a part in which company you should opt for, since different companies have access to different panels.
- Installation Process: When making the switch to solar energy, it’s crucial to keep an open line of communication with your solar company. Confirm that you understand how the installation process works and the project completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
Best Technology
Tesla Energy
- 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 Newport East, RI Solar Cost FAQs
How much does it cost to install solar panels in Newport East?
The average cost of solar panels in Newport East is about $20,350 for a 5-kW system and $40,700 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Newport East?
A solar panel system isn’t free in Newport East, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Newport East is currently $787,171, which means you can look forward to a value of about $32,274 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Newport East is a rewarding investment.
How many solar panels should I get to power 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 typically 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.