Solar Panel Cost Guide in Milton, NY (2023 Update)
- Milton Solar Installation Cost: $9,259
- 25-Year Savings: $6,479
- Payback Period: 14.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Milton
See how much it might cost to switch to solar power in Milton.
The average cost of a solar system in Milton is 2.95 per watt. To cover the typical energy needs of the average home in Milton, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,251, or $13,229 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of going solar can vary depending on a few factors, such as how many panels you need, your energy usage and what installation company you go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Milton can save about $13,000 on their electricity bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Milton
| Year | Return on Investment |
|---|---|
| 1 years | $-9,207 |
| 3 years | $-9,102 |
| 5 years | $-8,997 |
| 7 years | $-8,892 |
| 9 years | $-8,787 |
| 11 years | $-8,682 |
| 13 years | $-8,577 |
| 15 years | $-8,473 |
| 17 years | $-8,368 |
| 19 years | $-8,263 |
| 21 years | $-8,158 |
| 23 years | $-8,053 |
| 25 years | $-7,948 |
Top Solar Installers in Milton
Although you can install solar panels by yourself, it involves extra labor and knowledge. Because of that, the majority of homeowners choose to go with a solar panel installer. Another upside of utilizing a solar company is that they can help you maximize your investment by bringing down your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
There are various licensed solar professionals that can help you install your solar system. 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
See all of the solar companies in Milton
Factors that Affect Solar Panel Costs in Milton
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Milton: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy 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 chiefly based on your home's energy usage, which you can figure out by looking at past energy bills. Your overall cost can increase by around $2,950 for each additional kilowatt you need. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Milton average.
Solar Financing Terms
Most solar companies in Milton have solar loans, which reduce the initial cost of installing solar. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you choose will influence your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $8,173 | 15.3 years |
| 8 kW | $3.01 | $16,850 | $11,228 | 15.0 years |
| 10 kW | $2.95 | $20,650 | $14,448 | 14.7 years |
| 12 kW | $2.89 | $24,284 | $17,833 | 14.4 years |
| 14 kW | $2.83 | $27,754 | $21,383 | 14.1 years |
| 16 kW | $2.77 | $31,058 | $25,099 | 13.8 years |
| 18 kW | $2.71 | $34,196 | $28,980 | 13.5 years |
| 20 kW | $2.66 | $37,170 | $33,026 | 13.2 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. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Contract: Review the contract terms carefully to make sure you understand the total cost, project completion timeline rebates and warranties.
- Warranty: If you care about the durability of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Milton, NY 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 a few different factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Milton?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Milton?
On average, solar panels can last 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.