Solar Panel Cost Guide in Milton, NY (2024 Update)
- Milton Solar Installation Cost: $11,457
- 25-Year Savings: $10,225
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Milton
We go over average solar pricing in Milton.
In Milton, solar panels cost about 4 per watt on average.To account for the typical energy usage of the average home in Milton, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,457, or $16,384 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of going solar can vary based on a few factors, such as what size system you need, your energy usage and what solar installer you go with.Despite the high initial cost, the average Milton homeowner can save about $13,000 on their power bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Milton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,589 |
| 3 years | $-8,855 |
| 5 years | $-7,120 |
| 7 years | $-5,386 |
| 9 years | $-3,651 |
| 11 years | $-1,917 |
| 13 years | $-182 |
| 15 years | $1,552 |
| 17 years | $3,287 |
| 19 years | $5,021 |
| 21 years | $6,756 |
| 23 years | $8,490 |
| 25 years | $10,225 |
Top Solar Installers in Milton
When making the switch to solar, many homeowners prefer to use a solar installation company since overseeing your solar installation yourself can be a time-consuming project. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
If you're looking for a solar company in Milton, we've compiled a list of our top suggestions here:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Milton
Factors that Affect Solar Panel Costs in Milton
For many Milton homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Milton, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The type of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider 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’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Milton, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your all-in costs, so it’s crucial to keep that in mind 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
The solar company you opt for to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Milton, and each can charge varying amounts for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.80 | $15,943 | $5,116 | 18.9 years |
| 8 kW | $3.72 | $20,849 | $7,229 | 18.6 years |
| 10 kW | $3.65 | $25,550 | $9,548 | 18.2 years |
| 12 kW | $3.58 | $30,047 | $12,071 | 17.8 years |
| 14 kW | $3.50 | $34,339 | $14,798 | 17.5 years |
| 16 kW | $3.43 | $38,427 | $17,729 | 17.1 years |
| 18 kW | $3.36 | $42,311 | $20,865 | 16.7 years |
| 20 kW | $3.29 | $45,990 | $24,206 | 16.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose greatly affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: When making the switch to solar power, it’s crucial to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project timeline.
- Warranty: If you’re concerned about the longevity of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Milton, NY Solar Cost FAQs
What is the average cost of installing solar panels in Milton?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Milton?
A solar panel system isn’t free in Milton, 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 help lower the cost.
Can solar panels significantly reduce my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Milton, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Milton?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose 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.