Maine Solar Panel Costs

Solar panels in maine.

Maine solar panel costs.

On a cost per watt w basis a solar panel installation in maine ranges in price from 2 52 to 3 40. Stats above assume a 32 square meter 345 square foot standard efficiency 15 5 kw system costing 21 000 out of pocket. In maine the average solar payback period is 11 67 years. As of sep 2020 the average cost of solar panels in maine is 2 87 per watt making a typical 6000 watt 6 kw solar system 12 756 after claiming the 26 federal solar tax credit now available.

Costs vary but are generally lower due to federal and local government incentives. Data based on 420 reporting zip codes in maine. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. Installing a typical 5 kw solar system should start at about 18 750.

Solar panel cost data 2020 updated. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. As of september 2020 the average solar panel cost in maine is 2 96 w. As of september 2020 the average solar panel cost in maine is 2 99 w given a solar panel system size of 5 kilowatts kw an average solar installation in maine ranges in cost from 12 708 to 17 192 with the average gross price for solar in maine coming in at 14 950 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net price.

A solar payback periodis the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. How long does it take to earn back your initial investment in solar panels. Solar panels cost 1 77 to 2 20 per watt and a 6 kw solar panel installation for the average home costs from 10 626 to 13 230 after the 30 federal solar tax credit. Maine has one of the top 10 average electricity prices in the country at more than 0 18 per kwh prices weren t always this high.

Here s how the numbers pencil out for a maine solar purchase with a loan. After accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net price you ll pay for solar can fall by thousands of dollars. How expensive is electricity in maine. That s how big your loan will need to be to cover it.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Solar energy costs 0 08 to 0 10 per kwh to produce on average depending on your location. Maine solar solutions designs installs and services solar electric pv systems throughout maine.