Solar Savings Calculator for Newark, DE
Homeowners in Newark pay an average of $140/month for electricity through Delmarva Power. With 4.4 peak sun hours per day, solar panels can significantly reduce your energy costs.
$140
Avg Monthly Bill
16¢/kWh
Electricity Rate
4.4h/day
Peak Sun Hours
$45,180
Est. 25-Year Savings
Calculate Your Savings in Newark
Adjust Your Details for Newark, DE
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
6.8 kW
Panel Count
17 panels
Total System Cost
$19,040
Federal Tax Credit (30%)
-$5,712
Net Cost
$13,328
Annual Savings
$1,680
Payback Period
7.9 years
25-Year Savings
$45,180
Return on Investment
339%
* Estimates based on 4.4 peak sun hours/day in Newark, DE, system cost of $2.8/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Newark
Utility & Permits
- Utility Company
- Delmarva Power
- Permit Cost
- $325
- Permit Timeline
- 3-4 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 6.8 kW
- Panel Count
- 17 panels
- Gross Cost
- $19,040
- Net Cost (after credits)
- $13,328
Available Incentives for Newark, DE
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
Delaware SREC Program
Solar Renewable Energy Credits through Delmarva Power.
Other Cities in Delaware
More Solar Tools for Newark
Newark Solar IncentivesAll available tax credits and rebatesNewark Cost ComparisonSolar vs. grid costs over 25 yearsNewark System SizingHow many panels your home needsNewark Permits & RegulationsLocal permit requirementsIs Solar Worth It in Newark?Data-driven analysis for your cityNewark Financing OptionsCompare loans, leases, and PPAs
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