Solar Panel Cost Guide in Lower Milford, PA (Sep 2022)

  • Lower Milford Solar Installation Cost: $11,924
  • 25-Year Savings: $13,417
  • Payback Period: 11.8 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Lower Milford

We go over average solar pricing in Lower Milford.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Lower Milford, the typical cost of a solar system is $3 per watt. Since a 6.7-kW system is needed to cover the energy usage of a typical home in Lower Milford, the average price of going solar will be about $11,924 before claiming the federal solar tax credit of 30%.

These figures are only estimates, and the cost of going solar for you will differ based on your energy needs and what company you want to go with. For most homeowners, the upfront investment in solar power is worth paying. On average Lower Milford homeowners see about $14,000 in savings on energy bills over 20 years.

To calculate your potential ROI and connect with a local solar installer, click the button below.

Solar savings over time in Lower Milford

Year Return on Investment
1 years $-10,910
3 years $-8,883
5 years $-6,856
7 years $-4,828
9 years $-2,801
11 years $-774
13 years $1,253
15 years $3,280
17 years $5,308
19 years $7,335
21 years $9,362
23 years $11,389
25 years $13,417

Top Solar Installers in Lower Milford

Although it's possible to install solar panels by yourself, it requires extra labor and know-how. For that reason, the majority of homeowners choose to go with a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.

If you'd like to go solar but still aren't sure which solar system installer to go with, here are our recommendations for providers in Lower Milford:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Lower Milford

Factors that Affect Solar Panel Costs in Lower Milford

For many Lower Milford homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Lower Milford, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

Size is one of the largest factors that affects the overall cost of going solar. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Lower Milford to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. Though solar loans make switching to solar energy more accessible for Lower Milford homeowners, they can also raise 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

Finally, the company you choose to install your solar panels can play a role in determining how much you pay. Lower Milford's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Lower Milford know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 $2.65 $11,138 $11,634 12.2 years
8 kW $2.60 $14,566 $15,798 12.0 years
10 kW $2.55 $17,850 $20,104 11.8 years
12 kW $2.50 $20,992 $24,553 11.5 years
14 kW $2.45 $23,990 $29,145 11.3 years
16 kW $2.40 $26,846 $33,880 11.1 years
18 kW $2.35 $29,560 $38,757 10.8 years
20 kW $2.29 $32,130 $43,778 10.6 years

Solar Incentives in Lower Milford

Name High Performance Buildings Incentive Program
Website Visit here
More Info Click here

Name First Energy (MetEdison, Penelec, Penn Power, West Penn Power) - Residential Solar Water Heating Program
Incentive Amount $500
Website Visit here
More Info Click here

Name City of Philadelphia - Solar Rebate Program
Website Visit here
More Info Click here

Name FirstEnergy (MetEdison, Penelec, Penn Power, West Penn Power) - Residential Energy Efficiency Programs
Website Visit here
More Info Click here

Name Wind and Geothermal Incentives Program
Website Visit here
More Info Click here

Name Solar Alternative Energy Credits
Website Visit here
More Info Click here

Name High Performance Building Incentives Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar company you go with will influence 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 several important things you should consider, such as:

  • Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
  • Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
  • Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Lower Milford, PA Solar Cost FAQs

What is the average cost of installing solar panels in Lower Milford?

This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Are solar panels free in Lower Milford?

A solar panel system isn't free in Lower Milford, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

How much can I save on electricity bills after switching to solar?

Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $759.08 per year.

How long do solar panels last in Lower Milford?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to 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.

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