Solar Panel Cost Guide in Milton, NY (Feb 2023)
- Milton Solar Installation Cost: $9,251
- 25-Year Savings: $6,487
- Payback Period: 14.7 Years
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Top Solar Installers in Milton
Installing solar panels by yourself can be a dangerous project, which is why using a solar installation company is a good option for many homeowners. Another benefit of utilizing a solar installer is that they can help you optimize your return of investment by bringing down your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
If you're looking for a solar installer in Milton, the EcoWatch team has compiled a list of our top suggestions here:
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 depends on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
The size of the solar 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, your total will most likely increase by around $2,950. The kind of 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, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Milton average.
Solar Financing Terms
Many homeowners find the average cost of solar in Milton to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time because of interest. Although solar loans make going solar more accessible for Milton homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the growing popularity of clean 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. Additionally, some companies in Milton have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
- Solar Panel Brands: The kind of solar panel you want to install plays a part in which installer you should choose, since different companies provide different panels.
- Contract: Before signing a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
EcoWatch's Milton, NY Solar Cost FAQs
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.