Solar Panel Cost Guide in York, NE (2023 Update)
- York Solar Installation Cost: $18,424
- 25-Year Savings: $17,549
- Payback Period: 12.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in York
Find out how much it might cost to make the switch to solar in York.
Although the national average of solar panels is $2.66 per watt, solar panels in York generally cost around 2.83. To cover the typical energy needs of the average home in York, most homeowners require a 9.3-kilowatt system. Using the figure above, a solar installation costs around $18,423, or $26,345 before the federal solar tax credit of 30% is applied.
The true cost of your system can be above or below the average in York depending on several factors, such as the type of solar panels you choose and the solar installer you hire. Even with the significant initial cost, the average York homeowner can save about $15,000 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 top solar installer in York for a quote for your home.
Solar savings over time in York
| Year | Return on Investment |
|---|---|
| 1 years | $-17,142 |
| 3 years | $-14,578 |
| 5 years | $-12,013 |
| 7 years | $-9,449 |
| 9 years | $-6,885 |
| 11 years | $-4,321 |
| 13 years | $-1,757 |
| 15 years | $807 |
| 17 years | $3,371 |
| 19 years | $5,935 |
| 21 years | $8,499 |
| 23 years | $11,063 |
| 25 years | $13,627 |
Top Solar Installers in York
When switching to solar energy, many homeowners decide to use a solar company since DIY solar panel installation can be a time-consuming project. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be best for your home.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 York
Factors that Affect Solar Panel Costs in York
While the average cost of a solar system in York is $18,423, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,830. There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency 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
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many York homeowners choose to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your total costs, so it's crucial to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in York, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $2.94 | $12,361 | $10,846 | 13.3 years |
| 8 kW | $2.89 | $16,165 | $14,779 | 13.1 years |
| 10 kW | $2.83 | $19,810 | $18,870 | 12.8 years |
| 12 kW | $2.77 | $23,297 | $23,119 | 12.5 years |
| 14 kW | $2.72 | $26,625 | $27,527 | 12.3 years |
| 16 kW | $2.66 | $29,794 | $32,093 | 12.0 years |
| 18 kW | $2.60 | $32,805 | $36,818 | 11.8 years |
| 20 kW | $2.55 | $35,658 | $41,701 | 11.5 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Reputation: Long-running companies 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 quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
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 York, NE Solar Cost FAQs
What is the average cost of installing solar panels in York?
The average cost of solar panels in York is about $14,150 for a 5-kW system and $28,300 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 use.
Is it better to lease or buy solar panels in York?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in York is currently $142,400, so you could be looking at a value of about $5,838 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in York is a worthwhile investment.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.