Solar Panel Cost Guide in Milton, MA (Mar 2023)
- Milton Solar Installation Cost: $9,076
- 25-Year Savings: $16,983
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Milton
Find out what the average cost of solar panel installation is in Milton.
While the national average of solar panels is $2.66 per watt, solar panels in Milton typically cost around 2.94. The average solar panel system size in Milton is around 4.4 kilowatts, meaning a cost of about $9,076 for a solar installation, or $12,979 before the 30% federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will most likely look different based on factors unique to your home and what company you want to go with. Despite the large upfront cost, the average Milton homeowner can save around $22,000 on their energy bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar installer in Milton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Milton
| Year | Return on Investment |
|---|---|
| 1 years | $-8,033 |
| 3 years | $-5,949 |
| 5 years | $-3,864 |
| 7 years | $-1,779 |
| 9 years | $305 |
| 11 years | $2,390 |
| 13 years | $4,475 |
| 15 years | $6,559 |
| 17 years | $8,644 |
| 19 years | $10,729 |
| 21 years | $12,813 |
| 23 years | $14,898 |
| 25 years | $16,983 |
Top Solar Installers in Milton
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Hiring an installer can make your switch to solar power much easier. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.
There are several licensed solar professionals that can install solar panels for you. 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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Milton
Factors that Affect Solar Panel Costs in Milton
There are a number of criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of a solar system in Milton, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by about $2,940 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Milton, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid option because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to 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 APR could reduce your costs significantly.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Milton, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $3.06 | $12,842 | $22,622 | 9.1 years |
| 8 kW | $3.00 | $16,793 | $30,493 | 8.9 years |
| 10 kW | $2.94 | $20,580 | $38,527 | 8.7 years |
| 12 kW | $2.88 | $24,202 | $46,727 | 8.5 years |
| 14 kW | $2.82 | $27,660 | $55,091 | 8.4 years |
| 16 kW | $2.76 | $30,952 | $63,619 | 8.2 years |
| 18 kW | $2.70 | $34,080 | $72,313 | 8.0 years |
| 20 kW | $2.65 | $37,044 | $81,171 | 7.8 years |
How to Save on Solar Panels
The solar company you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Milton, MA Solar Cost FAQs
How much does it cost to install solar panels in Milton?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $14,700 for a 5-kW system and $29,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,182.15 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.