Solar Panel Cost Guide in West Milton, OH (2023 Update)
- West Milton Solar Installation Cost: $13,440
- 25-Year Savings: $12,612
- Payback Period: 12.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in West Milton
Find out what the average cost of solar panels are in West Milton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in West Milton, the typical cost of solar panels is 2.56 per watt. To account for the typical energy usage of the average home in West Milton, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,440, or $19,219 before the federal solar tax credit of 30% is applied.
The actual price you pay can be higher or lower than the average in West Milton based on a few factors, such as the brand of solar panels you choose and the solar installer you hire. But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $13,000 over 20 years on energy bills.
Click the button below to get connected to a top solar installer in your area for a customized estimate.
Solar savings over time in West Milton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,398 |
| 3 years | $-10,314 |
| 5 years | $-8,230 |
| 7 years | $-6,145 |
| 9 years | $-4,061 |
| 11 years | $-1,977 |
| 13 years | $107 |
| 15 years | $2,191 |
| 17 years | $4,275 |
| 19 years | $6,360 |
| 21 years | $8,444 |
| 23 years | $10,528 |
| 25 years | $12,612 |
Top Solar Installers in West Milton
Although you can install solar panels on your own, it involves extra energy and know-how. Because of that, most homeowners choose to go with a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in West Milton
Factors that Affect Solar Panel Costs in West Milton
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in West 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
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 electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,560 per kilowatt in West Milton. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the West Milton average.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over five to seven years on average. While solar loans make adopting solar energy more accessible for West Milton homeowners, they can also increase the total you pay for your system due to interest. 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 go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies in West Milton, and each can charge different amounts for labor and equipment. Additionally, some companies in West Milton are more knowledgeable about local solar incentives and can help you learn about 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 | $2.66 | $11,182 | $9,661 | 13.4 years |
| 8 kW | $2.61 | $14,623 | $13,168 | 13.2 years |
| 10 kW | $2.56 | $17,920 | $16,819 | 12.9 years |
| 12 kW | $2.51 | $21,074 | $20,612 | 12.6 years |
| 14 kW | $2.46 | $24,084 | $24,550 | 12.4 years |
| 16 kW | $2.41 | $26,952 | $28,630 | 12.1 years |
| 18 kW | $2.36 | $29,676 | $32,854 | 11.9 years |
| 20 kW | $2.30 | $32,256 | $37,221 | 11.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Look through the contract terms carefully to make sure you understand the total cost, project timeline rebates and warranties.
- Solar Panel Brands: Different companies carry various brands and types of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's West Milton, OH Solar Cost FAQs
How much does it cost to install solar panels in West Milton?
The average cost of solar panels in West Milton is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in West Milton?
You can't get solar panels for free in West Milton. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
Although 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.