Solar Panel Cost Guide in Milan, TN (2025 Update)

  • Milan Solar Installation Cost: $19,640
  • 25-Year Savings: $13,286
  • Payback Period: 18.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 24, 2025

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Milan

Find out what the average cost of solar panels are in Milan.

While the national average of solar panels is $2.66 per watt, solar panels in Milan generally cost about 4.Using this figure, a typical 7.8-kW system would cost about $19,640 before the 0 federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar system you choose, your solar contractor and more.Despite the large upfront cost, the average Milan homeowner can save about $14,000 on their electricity bills over 20 years, which is one of the perks of solar.

Click the button below to get connected to a highly rated solar panel company in Milan for a customized quote.

Solar savings over time in Milan

YearReturn on Investment
1 years$-18,152
3 years$-15,177
5 years$-12,201
7 years$-9,225
9 years$-6,249
11 years$-3,273
13 years$-297
15 years$2,678
17 years$5,654
19 years$8,630
21 years$11,606
23 years$14,582
25 years$17,557

Top Solar Installers in Milan

Many homeowners choose to use a solar panel installer since trying to install solar panels by yourself can be time-consuming. The expertise that solar installers offer can be helpful as well, especially if you aren’t sure what brand of solar equipment would be right for your home.

There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:

Advertisement

See all of the solar companies in Milan

Factors that Affect Solar Panel Costs in Milan

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

Solar Equipment

The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,580. There are several different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar companies in Milan provide solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.

Solar Panel Installation Company

The solar installation company you select will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to more 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 lower to compete with bigger companies.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.72$15,637$4,99119.0 years
8 kW$3.65$20,449$7,05618.6 years
10 kW$3.58$25,060$9,32218.2 years
12 kW$3.51$29,471$11,78717.9 years
14 kW$3.44$33,681$14,45317.5 years
16 kW$3.37$37,690$17,32017.1 years
18 kW$3.29$41,499$20,38716.8 years
20 kW$3.22$45,108$23,65516.4 years

How to Save on Solar Panels

The solar company you opt for will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:

  • Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
  • Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
  • Contract: When looking over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
  • Reputation: Make sure your solar company 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 EcoWatch.
Advertisement

EcoWatch's Milan, TN Solar Cost FAQs

What is the average cost of installing solar panels in Milan?

The average cost of solar panels in Milan is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Milan?

Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.

Is it worth going solar in Milan?

Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.

How long do solar panels last in Milan?

Even though 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 how much 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 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.