Solar Panel Cost Guide in Upper Milford, PA (2024 Update)
- Upper Milford Solar Installation Cost: $16,591
- 25-Year Savings: $12,822
- Payback Period: 16.8 Years
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Average Cost of Solar Panels in Upper Milford
We go over average solar pricing in Upper Milford.
While the national average of solar panels is $2.66 per watt, solar panels in Upper Milford generally cost about 4.To cover the typical energy usage of the average home in Upper Milford, most homeowners require a 6.7-kilowatt system. Using the figure above, a solar installation costs around $16,591, or $23,725 before the federal solar tax credit of 0 is applied.
The actual price you pay can go higher or lower than the average in Upper Milford depending on a few factors, such as the brand of solar panels you choose and the solar installer you hire.Even with the large upfront cost, the average Upper Milford homeowner can save about $14,000 on their electricity bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a top solar company in Upper Milford for a quote for your home.
Solar savings over time in Upper Milford
| Year | Return on Investment |
|---|---|
| 1 years | $-15,297 |
| 3 years | $-12,708 |
| 5 years | $-10,120 |
| 7 years | $-7,531 |
| 9 years | $-4,943 |
| 11 years | $-2,354 |
| 13 years | $234 |
| 15 years | $2,823 |
| 17 years | $5,412 |
| 19 years | $8,000 |
| 21 years | $10,589 |
| 23 years | $13,177 |
| 25 years | $15,766 |
Top Solar Installers in Upper Milford
When going solar, many homeowners choose to use a solar company since putting up solar panels yourself can be a difficult project. In addition, if you’d like to maximize your investment in solar power, using a solar company can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
Working with a vetted 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Upper Milford
Factors that Affect Solar Panel Costs in Upper Milford
Although the average cost of a solar system in Upper Milford is $16,591, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,550.The kind of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Upper Milford have solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also increases your all-in costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Upper Milford is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different costs.The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.69 | $15,506 | $6,726 | 17.4 years |
| 8 kW | $3.62 | $20,278 | $9,366 | 17.1 years |
| 10 kW | $3.55 | $24,850 | $12,204 | 16.8 years |
| 12 kW | $3.48 | $29,224 | $15,241 | 16.4 years |
| 14 kW | $3.41 | $33,398 | $18,477 | 16.1 years |
| 16 kW | $3.34 | $37,374 | $21,912 | 15.8 years |
| 18 kW | $3.27 | $41,152 | $25,546 | 15.4 years |
| 20 kW | $3.19 | $44,730 | $29,378 | 15.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Reputation: Make sure your solar panel installer has a good reputation by confirming 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.
- Contract: Look through the contract terms thoroughly to make sure you understand the total cost, completion timeline incentives and warranties.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Upper Milford, PA Solar Cost FAQs
What is the average cost of installing solar panels in Upper Milford?
The average cost of solar panels in Upper Milford is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Upper Milford?
Solar panels aren’t free in Upper 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 you can take advantage of.
How will solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Upper Milford is currently $360,137, so you could be looking at a value of about $14,766 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Upper Milford is a worthwhile investment.
How long do solar panels last in Upper Milford?
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 the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.