Solar Panel Cost Guide in Yorkshire, NY (2023 Update)
- Yorkshire Solar Installation Cost: $9,623
- 25-Year Savings: $5,433
- Payback Period: 16.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Yorkshire
We go over average solar pricing in Yorkshire.
In Yorkshire, solar panels cost about 2.95 per watt on average. The average solar panel system size in Yorkshire is around 4.7 kilowatts, meaning a cost of about $9,623 for a solar installation, or $13,761 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. For most homeowners, the upfront investment in solar power is worth paying. On average Yorkshire homeowners see about $12,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar company in Yorkshire for a custom quote.
Solar savings over time in Yorkshire
| Year | Return on Investment |
|---|---|
| 1 years | $-9,021 |
| 3 years | $-7,816 |
| 5 years | $-6,612 |
| 7 years | $-5,407 |
| 9 years | $-4,203 |
| 11 years | $-2,998 |
| 13 years | $-1,794 |
| 15 years | $-589 |
| 17 years | $615 |
| 19 years | $1,820 |
| 21 years | $3,024 |
| 23 years | $4,229 |
| 25 years | $5,433 |
Top Solar Installers in Yorkshire
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Hiring an installer can make converting to solar power much easier. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar company too, which can save you more money over time.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Yorkshire
Factors that Affect Solar Panel Costs in Yorkshire
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Yorkshire: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss 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 major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use 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 $2,950. There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that are more efficient tend to also cost more. Additionally, 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
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Yorkshire homeowners choose to finance their solar panel systems to make going solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the growing popularity of sustainable energy solutions in Yorkshire, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Yorkshire are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $3.07 | $12,886 | $6,481 | 16.6 years |
| 8 kW | $3.01 | $16,850 | $8,972 | 16.3 years |
| 10 kW | $2.95 | $20,650 | $11,628 | 16.0 years |
| 12 kW | $2.89 | $24,284 | $14,449 | 15.7 years |
| 14 kW | $2.83 | $27,754 | $17,435 | 15.4 years |
| 16 kW | $2.77 | $31,058 | $20,587 | 15.0 years |
| 18 kW | $2.71 | $34,196 | $23,904 | 14.7 years |
| 20 kW | $2.66 | $37,170 | $27,386 | 14.4 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. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: The type of solar panel you want plays a role in which company you should go with, since different companies have access to different panels.
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 Yorkshire, NY Solar Cost FAQs
What is the average cost of installing solar panels in Yorkshire?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Yorkshire?
You can't get solar panels for free in Yorkshire. However, you may still be able to afford 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.
How will having solar panels impact my property value?
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 Yorkshire is currently $123,451, so you could be looking at a value of about $5,061 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Yorkshire is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses 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 home 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.