Solar Panel Cost Guide in Yorkshire, VA (2024 Update)
- Yorkshire Solar Installation Cost: $20,044
- 25-Year Savings: $19,770
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in Yorkshire
Find out how much it might cost to install solar panels in Yorkshire.
The national average cost of solar panels is $2.66 per watt, but in Yorkshire it’s 4 per watt.To account for the typical energy needs of the average home in Yorkshire, most homeowners require a 8.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $20,044, or $28,663 before the federal solar tax credit of 0 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 needs, the type of solar panels you want to get, your solar contractor and more.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Yorkshire can save about $17,000 on their energy bills over 20 years.
To get a free estimate from a pre-vetted solar installer in Yorkshire, you can click the button below.
Solar savings over time in Yorkshire
| Year | Return on Investment |
|---|---|
| 1 years | $-18,445 |
| 3 years | $-15,247 |
| 5 years | $-12,049 |
| 7 years | $-8,851 |
| 9 years | $-5,653 |
| 11 years | $-2,455 |
| 13 years | $743 |
| 15 years | $3,941 |
| 17 years | $7,138 |
| 19 years | $10,336 |
| 21 years | $13,534 |
| 23 years | $16,732 |
| 25 years | $19,930 |
Top Solar Installers in Yorkshire
Although you can install solar panels on your own, it involves extra time and handiness. That's why the majority of homeowners choose to hire a solar panel installer. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Yorkshire
Factors that Affect Solar Panel Costs in Yorkshire
There are many factors that can affect 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 panels.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,590. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Yorkshire average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Yorkshire, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.While solar loans make switching to solar energy more accessible for Yorkshire homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Yorkshire, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.You may notice national solar installers that have lower prices because of 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 | $3.73 | $15,681 | $10,741 | 14.8 years |
| 8 kW | $3.66 | $20,506 | $14,724 | 14.6 years |
| 10 kW | $3.59 | $25,130 | $18,907 | 14.3 years |
| 12 kW | $3.52 | $29,553 | $23,292 | 14.0 years |
| 14 kW | $3.45 | $33,775 | $27,877 | 13.7 years |
| 16 kW | $3.37 | $37,796 | $32,664 | 13.4 years |
| 18 kW | $3.30 | $41,615 | $37,651 | 13.1 years |
| 20 kW | $3.23 | $45,234 | $42,840 | 12.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Yorkshire, VA Solar Cost FAQs
How much does it cost to install solar panels in Yorkshire?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,950 for a 5-kW system and $35,900 for a 10-kW system after the ITC is applied. It will cost more if you want additional 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 cheaper solar panels.
Is it better to lease or buy solar panels in Yorkshire?
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 can’t take advantage of many solar incentives. Also your home 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 financial benefits from going solar.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Yorkshire is currently $628,093, which means you could be looking at a value of about $25,752 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Yorkshire is a rewarding investment.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.