Solar Panel Costs Near Newport, RI (02840)
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02840 is an urban area. with a population of 23,615 and household incomes above the national median ($83,515). There are 6 solar installers operations in ZIP 02840.
Area Profile
23,615
Population
$83,515
Median Income
+12% vs. national
Urban
Area Type
Median Age: 39.9 —
mixed-age market, broad menu appeal.
College-Educated: 39.3% —
balanced market for quality & value.
Competition
Solar Installers and related businesses in ZIP 02840.
6
Solar Installers
Moderate — proven market
2.5 per 10K residents
4
Roofing Contractors
1.7 per 10K residents
What this means:
Solar Installers are 60.0% of the relevant market in ZIP 02840 (6 vs. 4 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,610
Median Gross Rent
$670 K
Median Home Value
6
Bank Branches
$550 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Solar Installers
- 6
- Related Businesses
- 4
- Bank Branches
- 6
vs. National Average
Median Income
+12% vs. $74,580
Nearby Markets
Check Another Market
Or estimate costs with the SolarBreakeven calculator.
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits