Solar Panel Cost Guide in Jefferson Valley Yorktown, NY (2023 Update)
- Jefferson Valley Yorktown Solar Installation Cost: $8,652
- 25-Year Savings: $15,417
- Payback Period: 9.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Jefferson Valley Yorktown
Let's take a look at the average cost of solar panels in Jefferson Valley Yorktown.
In Jefferson Valley Yorktown, solar panels cost about 2.95 per watt on average. Because a 4.2-kW system is needed to cover the energy needs of a typical home in Jefferson Valley Yorktown, the average price of going solar will be about $8,652 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy consumption and what company you go with. With average savings of about $22,000 on power bills over 20 years, many homeowners in Jefferson Valley Yorktown find going solar can pay off big.
To receive a free quote from a vetted solar installation company in Jefferson Valley Yorktown, you can click the button below.
Solar savings over time in Jefferson Valley Yorktown
| Year | Return on Investment |
|---|---|
| 1 years | $-7,690 |
| 3 years | $-5,764 |
| 5 years | $-3,838 |
| 7 years | $-1,913 |
| 9 years | $13 |
| 11 years | $1,938 |
| 13 years | $3,864 |
| 15 years | $5,789 |
| 17 years | $7,715 |
| 19 years | $9,641 |
| 21 years | $11,566 |
| 23 years | $13,492 |
| 25 years | $15,417 |
Top Solar Installers in Jefferson Valley Yorktown
Many homeowners opt for a solar installation company since trying to put up solar panels on your own can be hard. Also, if you'd like to maximize your investment in solar power, opting for a solar company can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
If you'd like to switch to solar energy but still aren't certain which solar company to go with, here are our recommendations for providers near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Jefferson Valley Yorktown
Factors that Affect Solar Panel Costs in Jefferson Valley Yorktown
There are a number of factors that can affect your 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
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,950 per kilowatt in Jefferson Valley Yorktown. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can influence how much you pay. Jefferson Valley Yorktown's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically 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 extra 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 | $3.07 | $12,886 | $21,612 | 9.3 years |
| 8 kW | $3.01 | $16,850 | $29,146 | 9.2 years |
| 10 kW | $2.95 | $20,650 | $36,846 | 9.0 years |
| 12 kW | $2.89 | $24,284 | $44,711 | 8.8 years |
| 14 kW | $2.83 | $27,754 | $52,741 | 8.6 years |
| 16 kW | $2.77 | $31,058 | $60,936 | 8.4 years |
| 18 kW | $2.71 | $34,196 | $69,297 | 8.3 years |
| 20 kW | $2.66 | $37,170 | $77,822 | 8.1 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Jefferson Valley Yorktown, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- 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 good reviews from previous customers.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Jefferson Valley Yorktown, NY Solar Cost FAQs
How much does it cost to install solar panels in Jefferson Valley Yorktown?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Jefferson Valley Yorktown?
You can't get solar panels for free in Jefferson Valley Yorktown. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Jefferson Valley Yorktown is currently $431,389, so you can expect a value of about $17,687 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Jefferson Valley Yorktown is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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 buy 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.