Solar Panel Cost Guide in Milford, PA (Mar 2023)
- Milford Solar Installation Cost: $11,745
- 25-Year Savings: $13,731
- Payback Period: 11.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Milford
We go over average solar pricing in Milford.
The average cost of a solar system in Milford is 2.55 per watt. Using this figure, a typical 6.6-kW system would cost about $11,745 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what solar installer you go with. Despite the large upfront cost, the average Milford homeowner can save around $15,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Milford
| Year | Return on Investment |
|---|---|
| 1 years | $-10,726 |
| 3 years | $-8,688 |
| 5 years | $-6,650 |
| 7 years | $-4,612 |
| 9 years | $-2,574 |
| 11 years | $-536 |
| 13 years | $1,502 |
| 15 years | $3,541 |
| 17 years | $5,579 |
| 19 years | $7,617 |
| 21 years | $9,655 |
| 23 years | $11,693 |
| 25 years | $13,731 |
Top Solar Installers in Milford
Many homeowners choose to hire a solar installer since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
If you'd like to go solar but still aren't sure which solar company to go with, here are our recommendations for providers in Milford:
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 Milford
Factors that Affect Solar Panel Costs in Milford
The cost of installing a solar system in Milford 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.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,550. There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Milford is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that offer a range of services at different costs. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $12,080 | 12.0 years |
| 8 kW | $2.60 | $14,566 | $16,393 | 11.8 years |
| 10 kW | $2.55 | $17,850 | $20,848 | 11.5 years |
| 12 kW | $2.50 | $20,992 | $25,446 | 11.3 years |
| 14 kW | $2.45 | $23,990 | $30,186 | 11.1 years |
| 16 kW | $2.40 | $26,846 | $35,070 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,096 | 10.6 years |
| 20 kW | $2.29 | $32,130 | $45,266 | 10.4 years |
How to Save on Solar Panels
The solar installer you opt for will affect not only your overall 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 take into account, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: The type of solar panel you want plays a role in which company you should go with, since different companies provide different panels.
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the completion timeline.
- Contract: Before you sign a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you're not certain 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.
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 Milford, PA Solar Cost FAQs
How much does it cost to install solar panels in Milford?
The average cost of solar panels in Milford is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Milford?
You can't get solar panels for free in Milford. 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 rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Milford?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.