Solar Panel Cost Guide in Yorktown, NY (2023 Update)
- Yorktown Solar Installation Cost: $10,696
- 25-Year Savings: $17,034
- Payback Period: 10.4 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Yorktown
See how much it might cost to install solar panels in Yorktown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Yorktown, the typical cost of a solar system is 4 per watt.Using this figure, a typical 4.2-kW system would cost about $10,696 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.Despite the significant upfront cost, the average Yorktown homeowner can save about $23,000 on their electricity bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar installer 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 | $-8,885 |
| 3 years | $-5,262 |
| 5 years | $-1,640 |
| 7 years | $1,982 |
| 9 years | $5,605 |
| 11 years | $9,227 |
| 13 years | $12,849 |
| 15 years | $16,472 |
| 17 years | $20,094 |
| 19 years | $23,717 |
| 21 years | $27,339 |
| 23 years | $30,961 |
| 25 years | $34,584 |
Top Solar Installers in Yorktown
Although you can install solar panels on your own, it requires extra time and expertise. That's why the majority of homeowners choose to hire a solar panel installer. The payback period of solar panels will vary depending on factors like your roof configuration and energy consumption, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
If you’d like to switch to solar energy but still aren’t certain which solar panel company to go with, here are our suggestions for providers nearby:
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 Yorktown
Factors that Affect Solar Panel Costs in Yorktown
There are a number of factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
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 energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,650 per kilowatt in Yorktown.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Yorktown average.
Solar Financing Terms
Many homeowners find the average cost of solar in Yorktown to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.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 more on your down payment can lower 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 booming popularity of renewable energy solutions in Yorktown, you’ll have a great number 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 pricing, or you might see small, local installation companies offering deals or promotions 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 | $3.80 | $15,943 | $20,860 | 10.8 years |
| 8 kW | $3.72 | $20,849 | $28,222 | 10.6 years |
| 10 kW | $3.65 | $25,550 | $35,789 | 10.4 years |
| 12 kW | $3.58 | $30,047 | $43,560 | 10.2 years |
| 14 kW | $3.50 | $34,339 | $51,535 | 10.0 years |
| 16 kW | $3.43 | $38,427 | $59,715 | 9.8 years |
| 18 kW | $3.36 | $42,311 | $68,099 | 9.6 years |
| 20 kW | $3.29 | $45,990 | $76,688 | 9.4 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
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 Yorktown, NY Solar Cost FAQs
How much does it cost to install solar panels in Yorktown?
The average cost of solar panels in Yorktown is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model 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 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 maximize your savings.
How much can I save on power bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Yorktown, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
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 account for 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.