Solar Panel Cost Guide in Yorktown, IN (Mar 2023)
- Yorktown Solar Installation Cost: $16,603
- 25-Year Savings: $23,078
- Payback Period: 10.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Yorktown
We break down average solar pricing in Yorktown.
In Yorktown, solar panels cost about 2.68 per watt on average. The average solar panel system size in Yorktown is around 8.8 kilowatts, meaning a cost of about $16,603 for a solar installation, or $23,742 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you will look different based on your specific situation and what company you go with. With typical savings of about $17,000 on energy bills over 20 years, many homeowners in Yorktown find going solar can pay off big.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Yorktown
| Year | Return on Investment |
|---|---|
| 1 years | $-15,015 |
| 3 years | $-11,841 |
| 5 years | $-8,666 |
| 7 years | $-5,492 |
| 9 years | $-2,318 |
| 11 years | $857 |
| 13 years | $4,031 |
| 15 years | $7,206 |
| 17 years | $10,380 |
| 19 years | $13,555 |
| 21 years | $16,729 |
| 23 years | $19,904 |
| 25 years | $23,078 |
Top Solar Installers in Yorktown
Many homeowners opt for a solar panel company since installing solar panels yourself can be challenging. Another advantage of using a solar installer is that they can help you optimize your ROI by lowering your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our recommendations for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Yorktown
Factors that Affect Solar Panel Costs in Yorktown
For many Yorktown homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Yorktown, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,680 per kilowatt in Yorktown. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Yorktown, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Yorktown, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies in Yorktown, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.79 | $11,706 | $15,182 | 10.9 years |
| 8 kW | $2.73 | $15,308 | $20,543 | 10.7 years |
| 10 kW | $2.68 | $18,760 | $26,054 | 10.5 years |
| 12 kW | $2.63 | $22,062 | $31,715 | 10.3 years |
| 14 kW | $2.57 | $25,213 | $37,526 | 10.0 years |
| 16 kW | $2.52 | $28,215 | $43,487 | 9.8 years |
| 18 kW | $2.47 | $31,067 | $49,598 | 9.6 years |
| 20 kW | $2.41 | $33,768 | $55,859 | 9.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar company, make sure to 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 the warranty covers and what services you can expect from them.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Yorktown, IN Solar Cost FAQs
How much does it cost to install solar panels in Yorktown?
The average cost of solar panels in Yorktown is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Yorktown?
You can't get solar panels for free in Yorktown. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase your home value significantly 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 a solar system."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.