Solar Panel Cost Guide in Newberry, SC (2024 Update)
- Newberry Solar Installation Cost: $19,083
- 25-Year Savings: $32,025
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Newberry
We go over average solar pricing in Newberry.
While the national average of solar panels is $2.66 per watt, solar panels in Newberry generally cost about 3.To account for the typical energy needs of the average home in Newberry, most homeowners require a 7.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $19,083, or $27,289 before the federal solar tax credit of 0 is applied.
The true price you pay can be above or below the average in Newberry depending on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.With typical savings of about $23,000 on utility bills over 20 years, many homeowners in Newberry find investing in solar can pay off big.
You can click the button below to get connected with a top solar company in Newberry for a quote for your home.
Solar savings over time in Newberry
| Year | Return on Investment |
|---|---|
| 1 years | $-17,598 |
| 3 years | $-14,627 |
| 5 years | $-11,657 |
| 7 years | $-8,686 |
| 9 years | $-5,716 |
| 11 years | $-2,745 |
| 13 years | $225 |
| 15 years | $3,196 |
| 17 years | $6,166 |
| 19 years | $9,137 |
| 21 years | $12,108 |
| 23 years | $15,078 |
| 25 years | $18,049 |
Top Solar Installers in Newberry
Although you can install solar panels yourself, it requires extra effort and know-how. That's why almost all homeowners choose a solar panel installer. The payback period of solar panels will vary depending on factors like your roof configuration and energy needs, but going with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Newberry
Factors that Affect Solar Panel Costs in Newberry
Although the average cost of a solar system in Newberry is $19,083, your final cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the price of a solar energy system in Newberry, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $3,450 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Newberry, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Newberry are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.59 | $15,070 | $20,671 | 10.5 years |
| 8 kW | $3.52 | $19,706 | $27,948 | 10.3 years |
| 10 kW | $3.45 | $24,150 | $35,418 | 10.1 years |
| 12 kW | $3.38 | $28,400 | $43,081 | 9.9 years |
| 14 kW | $3.31 | $32,458 | $50,938 | 9.7 years |
| 16 kW | $3.24 | $36,322 | $58,988 | 9.5 years |
| 18 kW | $3.17 | $39,992 | $67,230 | 9.3 years |
| 20 kW | $3.11 | $43,470 | $75,666 | 9.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: One of the most important things 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 installer, such as what permits you should secure and how long the project will take.
- Contract: Before signing a contract with a solar installer, make sure you read it through completely 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 what services you can expect from them.
- Solar Panel Brands: The brand of solar panel you need plays a part in which installer you should opt for, since different companies offer different panels.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a quality company.
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 Newberry, SC Solar Cost FAQs
How much does it cost to install solar panels in Newberry?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,250 for a 5-kW system and $34,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Newberry?
Solar panels aren’t free in Newberry, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know 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.