Solar Panel Cost Guide in Yorktown, IN (2024 Update)
- Yorktown Solar Installation Cost: $25,413
- 25-Year Savings: $23,070
- Payback Period: 16.0 Years
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Average Cost of Solar Panels in Yorktown
See how much it might cost to make the switch to solar in Yorktown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Yorktown, the average cost of solar panels is 4 per watt.The average solar panel system size in Yorktown is around 8.9 kilowatts, meaning a cost of about $25,413 for a solar installation, or $36,341 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary based on several factors, such as how many panels you need, your energy consumption and what installation company you go with.For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Yorktown see about $17,000 in savings on utility bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Yorktown
| Year | Return on Investment |
|---|---|
| 1 years | $-23,795 |
| 3 years | $-20,560 |
| 5 years | $-17,325 |
| 7 years | $-14,090 |
| 9 years | $-10,856 |
| 11 years | $-7,621 |
| 13 years | $-4,386 |
| 15 years | $-1,151 |
| 17 years | $2,084 |
| 19 years | $5,319 |
| 21 years | $8,554 |
| 23 years | $11,788 |
| 25 years | $15,023 |
Top Solar Installers in Yorktown
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Using an installer can make swapping over to solar power much easier. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar company too, which can save you more money after your upfront investment.
If you’d like to switch to solar energy but still aren’t sure which solar installer to go with, here are our suggestions for providers in Yorktown:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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
There are many factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the cost of a solar system in Yorktown, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $4,100 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Yorktown have solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also adds to your total costs, so it’s crucial to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Yorktown, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.26 | $17,909 | $8,979 | 16.7 years |
| 8 kW | $4.18 | $23,419 | $12,432 | 16.3 years |
| 10 kW | $4.10 | $28,700 | $16,114 | 16.0 years |
| 12 kW | $4.02 | $33,751 | $20,025 | 15.7 years |
| 14 kW | $3.94 | $38,573 | $24,166 | 15.4 years |
| 16 kW | $3.85 | $43,165 | $28,537 | 15.1 years |
| 18 kW | $3.77 | $47,527 | $33,137 | 14.7 years |
| 20 kW | $3.69 | $51,660 | $37,967 | 14.4 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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
What is the average cost of installing solar panels in Yorktown?
The average cost of solar panels in Yorktown is about $20,500 for a 5-kW system and $41,000 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Yorktown?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $896.27 per year.
How long do solar panels last in Yorktown?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.