Solar Panel Cost Guide in Yorktown, IN (2023 Update)
- Yorktown Solar Installation Cost: $16,611
- 25-Year Savings: $23,070
- Payback Period: 10.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Yorktown
We go over average solar pricing 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 2.68 per watt. Using this figure, a typical 8.8-kW system would cost about $16,603 before the 30% federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely vary based on the amount of energy your home requires and what company you go with. Despite the high initial cost, the average Yorktown homeowner can save around $17,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted 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 | $-16,479 |
| 3 years | $-16,214 |
| 5 years | $-15,950 |
| 7 years | $-15,685 |
| 9 years | $-15,421 |
| 11 years | $-15,156 |
| 13 years | $-14,892 |
| 15 years | $-14,627 |
| 17 years | $-14,363 |
| 19 years | $-14,098 |
| 21 years | $-13,833 |
| 23 years | $-13,569 |
| 25 years | $-13,304 |
Top Solar Installers in Yorktown
Although you can install solar panels yourself, it requires extra labor and expertise. That's one of the reasons most people choose to go with a solar panel installer. Some solar installers, especially local ones, can help you better understand incentives in Yorktown, thereby optimizing your ROI.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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
The cost of installing a solar system in Yorktown can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Yorktown, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Yorktown, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Yorktown are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $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
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
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
How much does it cost to install solar panels in Yorktown?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,400 for a 5-kW system and $26,800 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 needs. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Yorktown?
Solar panels aren't free in Yorktown, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Yorktown is currently $98,912, which means you can look forward to a value of about $4,055 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Yorktown is a fruitful investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 higher 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.