Solar Panel Cost Guide in Yankton, SD (2025 Update)
- Yankton Solar Installation Cost: $21,888
- 25-Year Savings: $23,331
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Yankton
Let’s have a look at the average cost of solar panels in Yankton.
Although the national average of solar panels is $2.66 per watt, solar panels in Yankton typically cost about 4.The average solar panel system size in Yankton is around 8.7 kilowatts, meaning a cost of about $21,888 for a solar installation, or $31,300 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, 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 you could be looking at about $17,000 in savings on electricity bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Yankton
| Year | Return on Investment |
|---|---|
| 1 years | $-20,515 |
| 3 years | $-17,769 |
| 5 years | $-15,023 |
| 7 years | $-12,276 |
| 9 years | $-9,530 |
| 11 years | $-6,784 |
| 13 years | $-4,037 |
| 15 years | $-1,291 |
| 17 years | $1,455 |
| 19 years | $4,201 |
| 21 years | $6,948 |
| 23 years | $9,694 |
| 25 years | $12,440 |
Top Solar Installers in Yankton
Many homeowners choose to use a solar installation company since trying to put up solar panels on your own can be a labor-intensive endeavor. Companies can also have access to quality options of the best solar panels and help you choose which one will be best for your family.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
See all of the solar companies in Yankton
Factors that Affect Solar Panel Costs in Yankton
Although the average cost of a solar system in Yankton is $21,888, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $3,580 per kilowatt in Yankton.The solar equipment you choose can bring your price up or down 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 in the long run on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Yankton average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Yankton homeowners decide to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only 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 considerably.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.You may see 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 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 | $3.72 | $15,637 | $10,427 | 15.0 years |
| 8 kW | $3.65 | $20,449 | $14,304 | 14.7 years |
| 10 kW | $3.58 | $25,060 | $18,381 | 14.4 years |
| 12 kW | $3.51 | $29,471 | $22,659 | 14.1 years |
| 14 kW | $3.44 | $33,681 | $27,137 | 13.8 years |
| 16 kW | $3.37 | $37,690 | $31,816 | 13.6 years |
| 18 kW | $3.29 | $41,499 | $36,695 | 13.3 years |
| 20 kW | $3.22 | $45,108 | $41,775 | 13.0 years |
How to Save on Solar Panels
There are a lot of 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:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
EcoWatch's Yankton, SD Solar Cost FAQs
How much does it cost to install solar panels in Yankton?
The average cost of solar panels in Yankton is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.