Cost & Savings Breakdown
Based on $150/month electric bill in Newark
System Size
8.5 kW
Annual Production
10,896 kWh
Gross System Cost
$26,289
Federal Tax Credit (30%)
-$7,887
State Incentive
-$1,000
Net Cost
$17,402
Monthly Savings
$122
CO₂ Offset/yr
10,024 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityDelmarva Power
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit110% of annual consumption
Electricity Rate$0.134/kWh
Peak Sun Hours4.4 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Delaware State Incentive — Delaware offers a Solar Renewable Energy Credit (SREC) program.
Common Questions
How much does solar cost in Newark?
Solar in Newark, Delaware costs approximately $26,289 for a 8.5 kW system. After the 30% federal tax credit, your net cost is about $17,402.
What is the solar payback period in Newark?
The estimated payback period for solar in Newark is 11.9 years, based on a $150/month electric bill and local sun hours of 4.4 hrs/day.
Does Delmarva Power offer net metering?
Delmarva Power offers Full Retail net metering. Full retail rate.