The cost of solar panels in Yonkers, NY (2024)

Updated Jul 16, 2024

  • You'll pay an average of $14,769 to install a 5 kilowatt solar panel system in Yonkers, NY, before incentives.

  • The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs.

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Written by: Emily Walker

As of July 2024, the average solar panel system costs $2.95/W including installation in Yonkers, NY. For a 5 kW installation, this comes out to about $14,769 before incentives, though prices range from $12,554 to $16,984. After the federal tax credit, the average price drops by 30%.

Average price of a 5 kW solar panel installation in Yonkers, NY

Good Price
$12,554 or less
Market Average
$14,769
High Price
$16,984 or more

You'll probably pay even less than what we show here. It doesn't include the federal ITC or Yonkers, NY state incentives, which will lower this price by at least a few thousand dollars.

Your solar panel cost depends on your system's size

It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.

While a 5 kW system will only cost you $14,769 in Yonkers, NY, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill.

Average solar cost by system size in Yonkers, NY

System Size
System Cost
System Cost (after ITC)
3 kW$8,862$6,203
4 kW$11,816$8,271
5 kW$14,769$10,339
6 kW$17,723$12,406
7 kW$20,677$14,474
8 kW$23,631$16,542
9 kW$26,585$18,609
10 kW$29,539$20,677

Are solar panels worth it in Yonkers, NY?

Solar panels are worth it in most areas, including Yonkers, NY. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S. 

If you pay for your system with cash, you'll save about $44,225 over 20 years on electricity costs with a 5 kW system in Yonkers, NY. We generate this estimate based on real solar quote data from our Marketplace. It considers your system's cost, the federal tax credit, and inflation rates.

If you don't have access to net metering, these estimates don't account for utility net billing rates.

Payback Period
5.41 Years
20-Year Savings
$44,225
Cost-per-Watt
$2.95

If you can't shell out $14,769 in cash to pay for solar, don't sweat it. You can choose to finance your system with a loan instead. Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates.

Find out what solar panels cost in your area in 2024
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The numbers we're showing are averages. The price you'll pay for solar depends on many factors unique to you and your home:

If you're looking for solar companies in NY, here are some popular suggestions:

  • Infinity Energy (Infinity Solar Systems LLC)
    Multi-state
    Established 2008
    Elite+ Installer
    Infinity offers the highest quality of products at the most aggressive prices. With in house roofing, siding, and...
    Elite+ Installer
    Screened & Verified
    5.0 /5.0
    39 Reviews

    Infinity offers the highest quality of products at the most aggressive prices. With in house roofing, siding, and...
  • New York Power Solutions
    White Plains, NY
    Established 2009
    Advanced Installer
    Our Proposals are extremely in depth, we don't snag people with a monthly savings figure. We give them a detaile...
    Advanced Installer
    Screened & Verified
    5.0 /5.0
    18 Reviews

    Our Proposals are extremely in depth, we don't snag people with a monthly savings figure. We give them a detaile...
  • Greenpoint Solar and Electrical, Inc.
    Pine Bush, NY
    Approved Installer
    At Greenpoint Solar, our experienced team is here to help you with all of your solar and energy needs. We offer a...
    Approved Installer
    Screened & Verified
    5.0 /5.0
    4 Reviews

    At Greenpoint Solar, our experienced team is here to help you with all of your solar and energy needs. We offer a...
  • SunBlue Energy
    Sleepy Hollow, NY
    Established 2009
    Approved Installer
    We are a high quality locally owned small business that believes in the personal touch. SunBlue Energy provides t...
    Approved Installer
    Screened & Verified
    5.0 /5.0
    82 Reviews

    We are a high quality locally owned small business that believes in the personal touch. SunBlue Energy provides t...
  • Tri State Solar Services
    Multi-state
    Established 2015
    Approved Installer
    In less than 2 minutes you will know why choosing Tri State Solar as your solar installer is the right choice.
    1) ...
    Approved Installer
    Screened & Verified
    5.0 /5.0
    13 Reviews

    In less than 2 minutes you will know why choosing Tri State Solar as your solar installer is the right choice.
    1) ...

Solar is a major purchase, but you can get the price tag to come down a bit by being an educated shopper. Taking advantage of incentives and rebates and shopping around for quotes can bring down your cost of solar in Yonkers, NY.

Take advantage of federal and local solar incentives

As long as your federal tax bill is high enough, you can take advantage of the federal tax credit in Yonkers, NY. This incentive allows you to apply 30% of your solar installation and equipment costs toward your federal tax bill. If the amount exceeds your tax bill, you can roll over the remaining credit to the following year. Many states also offer great local incentives and rebates.

Get quotes from multiple installers

Comparing multiple solar quotes can save you money through competition and transparency. Each additional quote you receive for solar will help you find the right solar panel system at the right price.

This is where EnergySage can help. With funding from the Department of Energy’s SunShot Prize, EnergySage opened the country’s first (and now the largest) marketplace for home solar panel installations. We gather custom solar quotes from local installers on your behalf and put them in an easy-to-compare format. When you compare quotes for solar panels on the EnergySage Marketplace, you can expect to see prices up to 20% lower than if you work with a single solar company.

Why shop with EnergySage?

Save time & money

Request free quotes from vetted installers in minutes

Unbiased support

Our expert Energy Advisors will help you make the right decision

Trusted, local installers

We pre-screen and monitor all of our partners

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