Solar Panel Cost Guide in Yukon, OK (2024 Update)

  • Yukon Solar Installation Cost: $18,289
  • 25-Year Savings: $24,724
  • Payback Period: 11.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated June 24, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Yukon

We break down average solar pricing in Yukon.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Yukon, the average cost of a solar system is 3 per watt.To cover the typical energy needs of the average home in Yukon, most homeowners require a 8.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $18,289, or $26,153 before the federal solar tax credit of 0 is applied.

How much you pay can be higher or lower than the average in Yukon based on a variety of factors, such as the model of solar panels you choose and the solar company you hire.For most homeowners, the upfront cost of solar panels is worth paying. On average Yukon homeowners see about $18,000 in savings on energy bills over 20 years.

Click the button below to get connected to a highly rated solar installer in Yukon for a custom estimate.

Solar savings over time in Yukon

YearReturn on Investment
1 years$-17,080
3 years$-14,661
5 years$-12,243
7 years$-9,825
9 years$-7,406
11 years$-4,988
13 years$-2,570
15 years$-151
17 years$2,267
19 years$4,685
21 years$7,103
23 years$9,522
25 years$11,940

Top Solar Installers in Yukon

When switching to solar energy, many homeowners prefer to hire a solar installer since overseeing your solar installation yourself can be a difficult project. Plus, if you’re not certain what brand of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.

You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Yukon:

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 Yukon

Factors that Affect Solar Panel Costs in Yukon

For many Yukon homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Yukon, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require 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 $3,130.The kind of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Yukon to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.

Solar Panel Installation Company

Lastly, the company you opt for to install your solar panel system can affect how much it costs. Yukon’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Yukon know more 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 sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.26$13,672$15,10311.9 years
8 kW$3.19$17,879$20,48811.6 years
10 kW$3.13$21,910$26,04911.4 years
12 kW$3.07$25,766$31,78411.2 years
14 kW$3.00$29,447$37,69511.0 years
16 kW$2.94$32,953$43,78110.7 years
18 kW$2.88$36,283$50,04310.5 years
20 kW$2.82$39,438$56,47910.3 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
  • Solar Panel Brands: Different companies have different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
  • Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
  • Contract: Read the contract terms thoroughly to make sure you understand the total cost, completion timeline rebates and warranties.

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 Yukon, OK Solar Cost FAQs

How much does it cost to install solar panels in Yukon?

This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $15,650 for a 5-kW system and $31,300 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 higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.

Are solar panels free in Yukon?

You can’t get solar panels for free in Yukon. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.

How will solar panels impact my home value?

Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a 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 get 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.