Solar Panel Cost Guide in Milton, IL (2025 Update)
- Milton Solar Installation Cost: $17,196
- 25-Year Savings: $10,536
- Payback Period: 18.7 Years
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Average Cost of Solar Panels in Milton
We go over average solar pricing in Milton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Milton, the typical cost of a solar system is 4 per watt.The average Milton homeowner needs a 6.5-kilowatt system, which would cost about $17,196 with the federal tax credit, or $24,590 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Milton homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the savings for most homeowners is typically good, with a net average savings of about $13,000 over 20 years on utility bills.
Click the button below to get connected to a highly rated solar installer in Milton for a custom quote.
Solar savings over time in Milton
Year | Return on Investment |
---|---|
1 years | $-16,040 |
3 years | $-13,728 |
5 years | $-11,415 |
7 years | $-9,103 |
9 years | $-6,791 |
11 years | $-4,478 |
13 years | $-2,166 |
15 years | $146 |
17 years | $2,459 |
19 years | $4,771 |
21 years | $7,083 |
23 years | $9,396 |
25 years | $11,708 |
Top Solar Installers in Milton
Many homeowners opt for a solar panel installer since trying to install solar panels yourself can be challenging. Also, companies with a good reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Milton
Factors that Affect Solar Panel Costs in Milton
Although the average cost of a solar system in Milton is $17,196, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $3,760 per kilowatt in Milton.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Milton to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time because of interest.However, the interest on solar loans also increases your overall costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Milton, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $3.91 | $16,424 | $4,718 | 19.4 years |
8 kW | $3.84 | $21,477 | $6,711 | 19.0 years |
10 kW | $3.76 | $26,320 | $8,916 | 18.7 years |
12 kW | $3.68 | $30,952 | $11,331 | 18.3 years |
14 kW | $3.61 | $35,374 | $13,956 | 17.9 years |
16 kW | $3.53 | $39,585 | $16,792 | 17.6 years |
18 kW | $3.46 | $43,586 | $19,838 | 17.2 years |
20 kW | $3.38 | $47,376 | $23,095 | 16.8 years |
How to Save on Solar Panels
There are numerous companies available in Milton, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Warranty: If you care about the endurance of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Milton, IL Solar Cost FAQs
What is the average cost of installing solar panels in Milton?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Milton?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 buy 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.