Solar Panel Cost Guide in Millsboro, DE (2024 Update)
- Millsboro Solar Installation Cost: $13,911
- 25-Year Savings: $15,100
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Millsboro
Find out what the average cost of solar panels are in Millsboro.
In Millsboro, solar panels cost about 3 per watt on average.The average solar panel system size in Millsboro is around 6.4 kilowatts, meaning a cost of about $13,911 for a solar installation, or $19,893 before the 0 federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you may look different based on your specific situation and what company you want to go with.With average savings of about $16,000 on energy bills over 20 years, many homeowners in Millsboro find going solar can pay off big.
Click the button below to get connected to a vetted solar company in your area for a personalized quote.
Solar savings over time in Millsboro
| Year | Return on Investment |
|---|---|
| 1 years | $-12,510 |
| 3 years | $-9,708 |
| 5 years | $-6,906 |
| 7 years | $-4,104 |
| 9 years | $-1,302 |
| 11 years | $1,500 |
| 13 years | $4,302 |
| 15 years | $7,104 |
| 17 years | $9,907 |
| 19 years | $12,709 |
| 21 years | $15,511 |
| 23 years | $18,313 |
| 25 years | $21,115 |
Top Solar Installers in Millsboro
Although you can install solar panels yourself, it takes extra time and know-how. That's one of the reasons almost all homeowners choose a solar panel installer. Some solar installers, especially local ones, can help you make the most of incentives in Millsboro, optimizing your ROI.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
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 Millsboro
Factors that Affect Solar Panel Costs in Millsboro
The cost of installing a solar system in Millsboro can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The model of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, solar equipment consists of more than 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 searching for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Millsboro, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can impact how much it costs. Millsboro’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of 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 | $3.21 | $13,497 | $11,425 | 13.5 years |
| 8 kW | $3.15 | $17,650 | $15,580 | 13.3 years |
| 10 kW | $3.09 | $21,630 | $19,908 | 13.0 years |
| 12 kW | $3.03 | $25,437 | $24,408 | 12.8 years |
| 14 kW | $2.97 | $29,071 | $29,082 | 12.5 years |
| 16 kW | $2.90 | $32,532 | $33,929 | 12.2 years |
| 18 kW | $2.84 | $35,819 | $38,948 | 12.0 years |
| 20 kW | $2.78 | $38,934 | $44,141 | 11.7 years |
How to Save on Solar Panels
The solar panel company you go with 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 a few important things you should take into account, such as:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Contract: Look through the contract terms thoroughly to make sure you understand the total cost, completion timeline incentives and warranties.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
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 Millsboro, DE Solar Cost FAQs
How much does it cost to install solar panels in Millsboro?
The average cost of solar panels in Millsboro is about $15,450 for a 5-kW system and $30,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Millsboro?
You can’t get solar panels for free in Millsboro. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Millsboro?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in Millsboro?
Even though 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 their energy production will have decreased significantly after that point. You can replace them once you've had 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.