Solar Panel Cost Guide in Milton, MA (2024 Update)
- Milton Solar Installation Cost: $12,529
- 25-Year Savings: $16,986
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Milton
Find out what the average cost of installing solar panels is in Milton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Milton, the average cost of solar panels is 4 per watt.Using this figure, a typical 4.4-kW system would cost about $12,529 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely vary based on your specific situation and what company you go with.Even with the significant initial cost, the average Milton homeowner can save around $22,000 on their energy bills over 20 years, which is one of the positives of solar.
To get a free estimate from a vetted solar installation company in Milton, you can click the button below.
Solar savings over time in Milton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,898 |
| 3 years | $-7,634 |
| 5 years | $-4,370 |
| 7 years | $-1,106 |
| 9 years | $2,157 |
| 11 years | $5,421 |
| 13 years | $8,685 |
| 15 years | $11,948 |
| 17 years | $15,212 |
| 19 years | $18,476 |
| 21 years | $21,739 |
| 23 years | $25,003 |
| 25 years | $28,267 |
Top Solar Installers in Milton
When making the switch to solar, many homeowners opt to hire a solar installation company since putting up a solar system yourself can be a challenging project. Another advantage of using a solar installer is that they can help you make the most of your return of investment by bringing down your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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
The cost of installing a solar system in Milton can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $4,060. The type of solar equipment you choose can bring your price up or down 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, more efficient panels 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 Milton average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Milton, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.Though solar loans make going solar more accessible for Milton homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you pick will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that has the products, warranties and services you want and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.22 | $17,734 | $17,730 | 12.5 years |
| 8 kW | $4.14 | $23,191 | $24,095 | 12.3 years |
| 10 kW | $4.06 | $28,420 | $30,687 | 12.0 years |
| 12 kW | $3.98 | $33,422 | $37,507 | 11.8 years |
| 14 kW | $3.90 | $38,196 | $44,554 | 11.5 years |
| 16 kW | $3.82 | $42,744 | $51,828 | 11.3 years |
| 18 kW | $3.74 | $47,064 | $59,330 | 11.1 years |
| 20 kW | $3.65 | $51,156 | $67,059 | 10.8 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The kind of solar panel you want plays a role in which company you should opt for, since different companies have different panels.
- Contract: Though reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the project timeline.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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, MA Solar Cost FAQs
How much does it cost to install solar panels in Milton?
The average cost of solar panels in Milton is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to 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 it worth going solar in Milton?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of 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 continue to use 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.