Solar Panel Cost Guide in Yorkville, WI (2023 Update)
- Yorkville Solar Installation Cost: $12,714
- 25-Year Savings: $28,059
- Payback Period: 7.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Yorkville
See how much it might cost to install solar panels in Yorkville.
In Yorkville, solar panels cost about 2.6 per watt on average. To cover the typical energy needs of the average home in Yorkville, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs about $12,722, or $18,192 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what company you go with. But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $22,000 over 20 years on power bills.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Yorkville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,418 |
| 3 years | $-8,827 |
| 5 years | $-6,236 |
| 7 years | $-3,646 |
| 9 years | $-1,055 |
| 11 years | $1,536 |
| 13 years | $4,127 |
| 15 years | $6,718 |
| 17 years | $9,309 |
| 19 years | $11,900 |
| 21 years | $14,491 |
| 23 years | $17,082 |
| 25 years | $19,673 |
Top Solar Installers in Yorkville
Many homeowners choose to hire a solar installation company since trying to install solar panels on your own can be a lot of work. Local solar installers can also help you optimize your return on investment by assisting with any local incentives and by offering warranties and repairs.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Yorkville
Factors that Affect Solar Panel Costs in Yorkville
For many Yorkville homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Yorkville, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need 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 $2,600. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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. Additionally, extra products, such as solar batteries, can bump up your total well above the Yorkville average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Yorkville homeowners choose to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the total 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 finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Yorkville, and each can charge varying amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to 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 | $2.70 | $11,357 | $23,663 | 8.1 years |
| 8 kW | $2.65 | $14,851 | $31,842 | 8.0 years |
| 10 kW | $2.60 | $18,200 | $40,166 | 7.8 years |
| 12 kW | $2.55 | $21,403 | $48,636 | 7.6 years |
| 14 kW | $2.50 | $24,461 | $57,252 | 7.5 years |
| 16 kW | $2.44 | $27,373 | $66,013 | 7.3 years |
| 18 kW | $2.39 | $30,139 | $74,920 | 7.2 years |
| 20 kW | $2.34 | $32,760 | $83,973 | 7.0 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Yorkville, WI Solar Cost FAQs
How much does it cost to install solar panels in Yorkville?
The average cost of solar panels in Yorkville is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Yorkville?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How will installing solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Yorkville is currently $216,750, so you could be looking at a value of about $8,887 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Yorkville is a worthwhile investment.
How long do solar panels last in Yorkville?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.