Solar Panels Cost 4.4k-13k in Newark, DE | October, 2024

Solar Panels Cost $4.4k-$13k in Newark, DE | October, 2024

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How much do solar panels cost in Newark, DE in 2024?

For solar systems in Newark, DE, the price per watt in October, 2024 is around $3.16/W.

Put another way, for every 1000 watts (or 1 Kw) your system can generate you will spend $3,160 to get your system installed in . Subtracting the 30% federal tax credit, a 5 kW solar installation in Newark typically costs $11,060. It's worth noting that a larger system may be necessary to fully meet your energy requirements.

To the left, you can choose your county to view the average roof size and the maximum capacity of solar panel systems for houses in your area. Find below a detailed overview of the {price|costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Newark: $11,060US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Newark: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Newark: $15,837US Average: $15,784

Solar Potential in Newark

Estimated system size and solar electricity production per median viable roof in
Newark.

Roof size 590sq. ft.
Capacity 8.25kW DC
Electricity 9.9kkWh AC per yr.

Electricity Costs in Newark, DE & What that Means for Your Solar Panel Pricing

The average electricity bill in Newark, for a usage of 701 kWh per month, is $131.82. Smaller homes, such as micro-apartments, are also included in the data mentioned in the previous sentence.

As of October 2024, the mean rate for electricity per kWh in Newark, DE amounts to 18.81¢.

The average electricity user in Newark will require a 6 kW or more solar setup to account for their full electricity requirements. Upfront, a 6 kW solar panel installation is priced at around $18,960, with a 30% tax credit, the total comes down to $13,272.

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Average solar panel costs by system size in Newark

Shown below and to the left, you can find a detailed pricing structure for multiple solar panel system sizes installed in Newark. With larger solar systems, the price increases, but so do the electricity savings and the income tax credits you can gain.

The solar panel calculator, positioned to the right and below, provides a detailed cost and benefit analysis based on a typical $131.82 electric bill for Newark. For personalized results, adjust the $131.82 to what your average electricity bill is.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $576 a year
Est. Price
$4,424
Savings from a 2kWthis system
  • Est. yearly production 3,032 kWh
  • Est. monthly savings $48
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 1.64 tons a year
  • Equivalent to planting 75 trees a year
  • Equivalent to driving 4,060 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $864 a year
Est. Price
$6,636
Savings from a 3kWthis system
  • Est. yearly production 4,547 kWh
  • Est. monthly savings $72
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 2.46 tons a year
  • Equivalent to planting 113 trees a year
  • Equivalent to driving 6,090 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,152 a year
Est. Price
$8,848
Savings from a 4kWthis system
  • Est. yearly production 6,063 kWh
  • Est. monthly savings $96
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.28 tons a year
  • Equivalent to planting 151 trees a year
  • Equivalent to driving 8,120 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,440 a year
Est. Price
$11,060
Savings from a 5kWthis system
  • Est. yearly production 7,579 kWh
  • Est. monthly savings $120
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 4.1 tons a year
  • Equivalent to planting 188 trees a year
  • Equivalent to driving 10,150 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,728 a year
Est. Price
$13,272
Savings from a 6kWthis system
  • Est. yearly production 9,095 kWh
  • Est. monthly savings $132
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 4.51 tons a year
  • Equivalent to planting 207 trees a year
  • Equivalent to driving 11,165 mi less a year

Newark Solar Panel Installation Incentives & Rebates | 2024

Rural entrepreneurs and farmers might find that the REAP Grant pays for 80% to 100% of their costs when installing solar energy or wind energy systems. Think you fit the criteria? Confirm your eligibility with our REAP Grant eligibility tool.

For those looking into residential solar, the 30% federal income tax credit is available to most people, making solar a practical option in various states. A multitude of state and local programs are in place to encourage the use of solar energy.

Delaware residents have access to 15 solar rebate and incentive initiatives from multiple utilities and governmental organizations.

Solar incentives in DE

Green Grant- Solar Hot Water and Geothermal program

Value:Up to $200,000

The Green Grant Delaware incentive program is co-administered by the Delaware Sustainable Utility and Department of Natural Resources. The program incentivizes commercial, industrial, and nonprofit customers anywhere in the state to install solar thermal or geothermal energy devices. Interested customers must apply online through the program website. Applicants must answer certain technical questions and submit planning documents for DESEU's review. Once the project is approved, construction may begin. Rebates will be awarded upon project completion at a rate proportional to the customer's estimated cost savings.

DEMEC Member Utilities - Green Energy Program Incentives

Value:Up to $7,500

Residential and commercial customers in the city of Newark may be entitled to a financial incentive upon installing a solar PV/thermal, wind, geothermal, or fuel cell energy system. Rebate amounts are based on system type and rated capacity up to a maximum threshold, and will add to net metering credits the customer may receive through using their system. To qualify for the incentive, the system must be installed by a certified contractor and carry a satisfactory warranty term. Restrictions on shade and panel orientation also apply. Additional information is available on the DEMEC website.

Delmarva Power - Green Energy Program Incentives

Value:Up to $6,000

Residential and commercial Delmarva (DPL) customers may be entitled to a rebate upon installing a solar PV or thermal system, small turbine, or heat pump. The rebate will vary depending on the type of system, its rated capacity, and the type of property the owner has. To qualify, customers must undergo a pre-installation energy audit, use a DPL certified contractor for installation, and ensure their system has at least a five-year warranty. New residential or commercial buildings may also be eligible for the incentive, provided the facility meets ENERGY STAR certification standards. Incentives will be awarded until funding runs out for the year. Further information is available from the Delmarva website.

Sustainable Energy Utility (SEU) - Revolving Loan Fund

Value:Varies

The Delaware Sustainable Utility (DESEU) manages a Revolving Loan Fund to provide financial assistance to businesses and public entities making energy efficiency capital improvements. The borrower may use loan funds before and during installation of their new equipment. Eligible projects and services include any procedures required to bring the property up to code in preparation for improvements. Contracting services funded by an RLF loan must meet proper licensure and labor standards. For applicants, credit checks, bank references, and energy audits may apply. Additional information is available through the Energize Delaware website.

Delmarva - Green Energy Fund

Value:Varies

Delaware's Green Energy Fund was created alongside the state's renewable portfolio standard in 1999. Electric utilities in the state may contribute to the fund or establish their own similar fund in lieu of participating in the RPS; the current required contribution is $0.178 per megawatt hour sold in or transmitted through Delaware. Contributions to the Green Energy Fund support research in and procurement of energy efficiency solutions. Delaware also has energy public benefits funds supported by state utilities. Around $2.6 million per year from the fund supports energy efficiency and renewable energy adoption programs, with $800,000 per year supporting programs targeted at low-income customers. Additional information can be found on Delmarva Power's website as they are the most significant contributor to each fund.

Delaware Municipal Electric Corporation - Green Energy Fund

Value:Varies

DEMEC, an alliance of nine local utilities in Delaware, elected to create their own Green Energy Funds in lieu of participating in the state fund or renewable portfolio standard. Each of the cities of Dover, Newark, Middletown, New Castle, Smyrna, Seaford, Clayton, Milford, and Lewes has an individual fund supported by a tariff on customer energy bills. In Dover, Milford, and Newark, funding currently supports a variety of incentive programs for renewable energy adoption. Central DEMEC policies dictate that cities cannot access other local funds. Incentive programs or other initiatives may therefore have stricter financial or practical limitations through the fiscal year. Additional information is available on the DEMEC website.

Net Metering

Value:Varies

Utilities in the state of Delaware participate in net metering arrangements with their distributed renewable energy customers. Most solar PV, wind, hydroelectric, or fuel cell system qualifies, as well as some electric vehicles sending energy back to the grid. Capacity limits for residential customers are 25 kW; for farms, 100 kW; for non-residential DEC/municipal customers, 500 kW; and for non-residential Delmarva customers, 2 MW. Participating customers agree to sell their net excess generation (NEG) back to the utility. They may choose to be paid an annual lump sum or receive regular bill credits at a variable rate. Under the monthly option, should generation exceed consumption for a cycle, the NEG credits will carry over to the next one. Any unclaimed credits will be paid directly to the customer at the end of the year. "Virtual net metering" arrangements are intended for customers using a community renewable microgrid. The utility will compensate subscribers for combined NEG at a wholesale rate. Additional information is available from the DEPSC website.

Sustainable Electric Utility (SEU)- SREC Purchase Program

Value:Varies

Any Delaware resident with a solar PV system that commenced operation after August 2014 may be entitled to sell their renewable credits to the Sustainable Energy Utility if they are not already under such an arrangement. The purchase program is a part of Delaware's "open auction" for SRECs and operates in spot markets. Participants will agree to a 20-year contract in which the state will reimburse them $55 per credit. Each SREC is equal to about one megawatt hour of energy. Certain new PV systems may qualify to enter a contract if they were constructed through the Green Grant Delaware program. Additional information is available from the program website.

Renewables Portfolio Standard

Value:Varies

Beginning with S.B. 74, the state of Delaware has established a Renewable Portfolio Standard for itself. The standard has been renewed and expanded each time it was set to expire. Under current law, one quarter of the state's energy must come from renewable sources by 2025. Compliance is measured using Renewable Energy Credits (RECs) pegged to a certain dollar amount. All electric utilities operating within state lines are required to purchase RECs from their customers toward the standard and produce annual compliance reports. Credits are valid for three years after they are acquired. Utilities may opt out of participation in the standard if they contribute to the state's Green Energy Fund (GEF) or establish an RPS program and GEF of their own. Additional information is available on the Delaware Public Service Commission website.

Delaware Electric Cooperative - Green Energy Program Incentives

Value:Varies

Through their own Green Energy Fund, the Delaware Electric Cooperative awards rebates to members installing on-site solar, wind, fuel cell, or geothermal energy equipment. Applications will be open until funding runs out for the year. For program purposes, equipment under rebate is divided into two tiers based on average annual consumption: Class A and Class B. A customer's rebate amount will vary depending on which tier their system is sorted into and the type of technology involved. To qualify, customers must use a participating DEC installation contractor and meet minimum warranty requirements. They may also need to undergo a pre-installation energy audit. Additional information is available on the DEC websit

Solar Renewable Energy Credits (SRECs) Spot Market Program

Value:Varies

Users of solar, wind, biomass, and hydroelectric power systems in Delaware generate renewable energy credits (RECs). For solar power, one SREC equals one megawatt hour and is priced at roughly $55. Utilities must purchase these credits to go toward the state's renewable portfolio standard or pay an alternative compliance fee. Renewable generation system owners within certain localities may sell their SRECs to utilities on an open "spot market" for as long as their generation equipment is in proper working order. Interested Delawareans may certify their equipment with the Delaware Public Service Commission to access the GATS bidirectional metering and credit commerce system. Additional information is available on the DEPSC website.

Sustainable Energy Utility

Value:Varies

Energize Delaware is an initiative managed by the state's Sustainable Energy Utility and created in 2007. The program is not a PACE program, but it operates on similar "open market" principles. Any utility customer, no matter their type or needs, may make use of the program to obtain incentives when they adopt renewable energy solutions. The full breadth of advisory, procurement, and installation services are available through Energize Delaware. Many of the current programs target residential renewable energy with an emphasis on solar PV and thermal systems. Additional information is available on the program website.

Interconnection Guidelines

Value:Varies

Multiple Delaware regulators have issued standardized rules for interconnecting power systems on a distributed grid. While required standards vary between utilities, most regulations currently apply to the Delmarva and DEC grids. Regulations are divided into four tiers based on a generation system's size and technology. As rated capacity increases, interconnection application review turnaround will lengthen and administrative fees become more expensive. Certain expedited review processes may apply for small systems using internationally certified equipment. Any interconnected system must have breakers, break isolators, and disconnect switches for safety. Owners must also obtain a minimum system warranty and sufficient liability insurance. Additional information is available from the DNREC website.

Delaware Electric Cooperative - Green Energy Fund

Value:Varies

The Delaware Electric Cooperative was one of several utilities to opt out of the state's Green Energy Fund and renewable portfolio standard. In lieu of either program, the cooperative instead manages its own fund worth about $206,000 per year. This fund is supported by a tariff on customer energy bills. Funding typically supports distributed generation initiatives and rebate programs incentivizing customers to adopt renewable energy. Programs will vary from time to time, and they may have stricter financial or practical limitations due to a smaller annual budget. Additional information is available on the cooperative website.

SREC Procurement Program

Value:Varies

The Solar Renewable Energy Certificate (SREC) Procurement Program sets the process by which Delaware can create a market for the exchange of SRECs. The policy creates a conduit for solar energy generators to procure SRECs based on the size of the system. Generators apply through a bidding process to receive the certificates through new projects only. Applicants receive interconnection with the main utility grid to allow for the exchange of power for SRECs. Generators that use state-approved labor resources receive a 10 percent bonus.

Are solar panels worth it in Delaware?

If you expect to own your residence longer than the solar system's payback period, solar panels are a good investment in Newark. If you install a 5 kW solar system in Newark, DE, you might save $20,576.8 over 20 years on average, with a break even point at roughly 7 years.

The cost of not having solar panels in Newark, DE

Opting not to install solar panels or a separate backup energy solution results in you missing out on the savings noted earlier and makes you fully reliant on your electric utility for electricity. As we've seen in numerous recent news reports, complete reliance on your utility is not always ideal.

Recently, utilities in Newark have averaged an average of 0.5 outages per customer annually. On average, an outage lasts 51.31 minutes. When major events such as aging infrastructure, tornadoes or construction accidents occur, these durations can increase significantly

Whether featuring a backup battery or not, a solar panel system can help alleviate the stress of possible future outages.

Power Outages

Currently, 0 customers are being tracked in New Castle County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Newark, DE?

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is reduced as the system size grows. Many consumers realize it's a good idea to set up a solar system that can produce enough power to fully cover their electric bill, because it helps them reduce costs.

Make & Model - Solar panels and mounting equipment are available in a range of makes and models. It's important to choose a highly rated contractor, considering the brand preferences that contractors may have. Buyers often find that using better quality equipment leads to a more satisfactory long-term experience.

Solar Panel Type - The industry standard is now monocrystalline panels, and for good reason. Although they are pricier, they provide increased energy. The majority of installers utilize panels made from this material.

Your Property - Each property and home presents unique challenges. Irregular terrain, trees, or other obstructions may complicate the installation process. These days, the majority of solar installers can assess your home with satellite images and incorporate these considerations in the first cost estimate.

Labor Rates - Different companies have varying pay scales for their employees, and these costs are ultimately borne by consumers. It is often observed that businesses with higher wages garner superior reviews for their work and customer service.

Permitting & Interconnection - Your final installation price will be impacted by the permitting and utility interconnection fees, which differ by area. Quality local installers will incorporate these figures into your preliminary estimates to avoid any surprises.

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Who are the best solar installers in Newark?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Paradise Energy Solutions

Paradise CDP, PA(877) 851-9269

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Reparation of solar arrays.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Solar Energy World

Elkridge CDP, MD(866) 856-4580

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

KW Solar Solutions

Elkton, MD(302) 838-8400

Services

  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Green Street Solar

Selbyville, DE(302) 297-8174

Services

  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Lumina Solar

Baltimore, MD(800) 971-6118

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

American Sentry Solar

Bel Air, MD(800) 823-0555

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of batteries.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.

Newark, DE Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Newark, DE is $3.16/W. With the federal tax credit, the cost of a 5 kW solar panel system in Newark, DE drops to roughly $11,060.
  • There are 15 rebates and incentives available in Delaware from a range of utility providers and government organizations. Also, nearly everyone can take advantage of the 30% federal tax credit.
  • Paying cash offers the most savings, but there are now numerous financing options for solar panels that are also cost-effective. Information about financing options is typically detailed in initial quotes provided by installers.
  • Yes, in Newark, DE, 5 kW solar panel systems typically pay off in 7 years, and users save around $20,576.8 in electricity costs over 20 years.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01