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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

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.Using this figure, a typical 8.9-kW system would cost about $25,413 before the 0 federal solar tax credit is applied.

These figures are only averages, and how much solar costs for you may differ based on the amount of energy your home requires and what 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 energy bills over 20 years.

You can click the button below to get connected with a top solar company in Yorktown that can help you get a more accurate cost estimate for your home.

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

Trying to install solar panels yourself can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar contractor too, which can save you more money after your initial investment.

If you’d like to start using solar energy but still aren’t certain which solar system installer to go with, here are our recommendations for providers in Yorktown:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • 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

Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Yorktown: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,100.There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Many homeowners find the average cost of solar in Yorktown to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.Though solar loans make switching to solar energy more accessible for Yorktown homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar panel installer you pick will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Yorktown know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.

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

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:

  • Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
  • Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
  • Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • 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?

This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $20,500 for a 5-kW system and $41,000 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Should I lease or buy solar panels in Yorktown?

Leasing solar panels can be an appealing choice, because it often 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.

How much can I save on power bills after switching to solar?

Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. 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 often do you have to replace solar panels?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.

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