Solar Panel Cost Guide in Milton, PA (2023 Update)
- Milton Solar Installation Cost: $12,301
- 25-Year Savings: $8,122
- Payback Period: 15.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Milton
Find out what the average cost of solar panel installation is in Milton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Milton, the average cost of a solar system is 2.55 per watt. To account for the typical energy needs of the average home in Milton, most homeowners require a 6.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,299, or $17,588 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Milton homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $11,000 on energy bills over 20 years, many homeowners in Milton find investing in solar can pay off big.
Click the button below to get connected to a vetted solar installer in Milton for a personalized quote.
Solar savings over time in Milton
| Year | Return on Investment |
|---|---|
| 1 years | $-11,194 |
| 3 years | $-8,978 |
| 5 years | $-6,763 |
| 7 years | $-4,548 |
| 9 years | $-2,333 |
| 11 years | $-118 |
| 13 years | $2,098 |
| 15 years | $4,313 |
| 17 years | $6,528 |
| 19 years | $8,743 |
| 21 years | $10,958 |
| 23 years | $13,173 |
| 25 years | $15,389 |
Top Solar Installers in Milton
Many homeowners opt for a solar installation company since installing solar panels yourself can be a labor-intensive endeavor. Plus, if you're unsure what type of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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
There are many factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Milton, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Milton, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your total costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Milton is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for example, you'll have no shortage of solar installers that provide a range of services for different budgets. The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $2.65 | $11,138 | $6,643 | 15.7 years |
| 8 kW | $2.60 | $14,566 | $9,143 | 15.4 years |
| 10 kW | $2.55 | $17,850 | $11,786 | 15.1 years |
| 12 kW | $2.50 | $20,992 | $14,572 | 14.8 years |
| 14 kW | $2.45 | $23,990 | $17,500 | 14.5 years |
| 16 kW | $2.40 | $26,846 | $20,571 | 14.2 years |
| 18 kW | $2.35 | $29,560 | $23,785 | 13.9 years |
| 20 kW | $2.29 | $32,130 | $27,142 | 13.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose significantly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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, PA Solar Cost FAQs
How much does it cost to install solar panels in Milton?
The average cost of solar panels in Milton 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 things such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Milton?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase your home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't go for 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 stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having 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.