Solar Panel Cost Guide in Milan, OH (2024 Update)

  • Milan Solar Installation Cost: $16,595
  • 25-Year Savings: $15,164
  • Payback Period: 15.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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 panel installation is in Milan.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Milan, the typical cost of a solar system is 3 per watt.To cover the typical energy usage of the average home in Milan, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs about $16,595, or $23,731 before the federal solar tax credit of 0 is applied.

How much you pay can go higher or lower than the average in Milan based on a few factors, such as the type of solar panels you choose and the solar installer you hire.Despite the large upfront cost, the average Milan homeowner can save about $15,000 on their electricity bills over 20 years, which is one of the benefits of solar.

Click the button below to get connected to a reputable solar installer in your area for a personalized quote.

Solar savings over time in Milan

Year Return on Investment
1 years $-15,375
3 years $-12,934
5 years $-10,494
7 years $-8,053
9 years $-5,613
11 years $-3,172
13 years $-732
15 years $1,708
17 years $4,149
19 years $6,589
21 years $9,030
23 years $11,470
25 years $13,911

Top Solar Installers in Milan

Many homeowners choose to use a solar installation company since installing solar panels by yourself can be a lot of work. Plus, if you’re not certain what kind of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.

If you're looking for a solar company in Milan, the EcoWatch team has compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • 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 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 considerably influence the price you’ll pay, which we'll go over below.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,410 per kilowatt in Milan.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Milan average.

Solar Financing Terms

If paying for solar panels out of pocket is too expensive, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.

Solar Panel Installation Company

The solar company you select will affect your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $3.55 $14,895 $8,944 15.6 years
8 kW $3.48 $19,478 $12,307 15.3 years
10 kW $3.41 $23,870 $15,862 15.0 years
12 kW $3.34 $28,071 $19,607 14.7 years
14 kW $3.27 $32,081 $23,543 14.4 years
16 kW $3.21 $35,900 $27,670 14.1 years
18 kW $3.14 $39,529 $31,988 13.8 years
20 kW $3.07 $42,966 $36,497 13.5 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:

  • Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
  • Solar Panel Brands: Different companies carry different brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
  • Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Milan, OH Solar Cost FAQs

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

This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Are solar panels free in Milan?

A solar panel system isn’t free in Milan, 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 further reduce the cost.

Does Milan have a net metering program?

The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.

How often do you have to replace solar panels?

On average, solar panels can last 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.

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