Solar Panel Cost Guide in Milton, MI (2024 Update)
- Milton Solar Installation Cost: $17,042
- 25-Year Savings: $16,867
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Milton
Find out how much it might cost to go solar in Milton.
Although the national average of solar panels is $2.66 per watt, solar panels in Milton typically cost about 4.To account for the typical energy needs of the average home in Milton, most homeowners require a 6.0-kilowatt system. Using the figure above, a solar installation costs about $17,042, or $24,370 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 actual cost of installing solar panels can vary depending on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.Even with the large upfront cost, the average Milton homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the positives of solar.
To get a free estimate from a vetted solar installation company in Milton, you can click the button below.
Solar savings over time in Milton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,817 |
| 3 years | $-13,368 |
| 5 years | $-10,919 |
| 7 years | $-8,470 |
| 9 years | $-6,022 |
| 11 years | $-3,573 |
| 13 years | $-1,124 |
| 15 years | $1,325 |
| 17 years | $3,774 |
| 19 years | $6,223 |
| 21 years | $8,672 |
| 23 years | $11,120 |
| 25 years | $13,569 |
Top Solar Installers in Milton
When going solar, many homeowners prefer to hire a solar company since DIY solar panel installation can be a challenging project. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
If you're searching for a solar installer in Milton, the EcoWatch team has put together a list of our top suggestions here:
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
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
See all of the solar companies in Milton
Factors that Affect Solar Panel Costs in Milton
The cost of installing a solar system in Milton can vary by more than $10,000 from home to home. Your actual cost is dependent on 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 company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $4,060 per kilowatt in Milton.There are many different solar panel brands and the one you choose also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install 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 Milton have solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also increases your all-in costs, so it’s important to take that into consideration 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
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Milton, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.The size of the company can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better 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 names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.22 | $17,734 | $10,945 | 15.5 years |
| 8 kW | $4.14 | $23,191 | $15,048 | 15.2 years |
| 10 kW | $4.06 | $28,420 | $19,379 | 14.9 years |
| 12 kW | $3.98 | $33,422 | $23,937 | 14.6 years |
| 14 kW | $3.90 | $38,196 | $28,722 | 14.3 years |
| 16 kW | $3.82 | $42,744 | $33,735 | 14.0 years |
| 18 kW | $3.74 | $47,064 | $38,975 | 13.7 years |
| 20 kW | $3.65 | $51,156 | $44,442 | 13.4 years |
How to Save on Solar Panels
There are numerous companies to choose from in Milton, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: The kind of solar panel you’d like plays a part in which installer you should choose, since different companies provide different panels.
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
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
EcoWatch's Milton, MI Solar Cost FAQs
What is the average cost of installing solar panels in Milton?
The average cost of solar panels in Milton is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in Milton?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.