Cost Of Installing Solar Panels In Maine

Here s how the numbers work for a maine purchase of a 5 kw rooftop solar system.

Cost of installing solar panels in maine. The average cost of installed residential solar power systems is currently 2 60 per watt. Maine solar solutions is committed to customer satisfaction. Given a solar panel system size of 5 kilowatts kw an average solar installation in maine ranges in cost from 12 580 to 17 020 with the average gross price for solar in maine coming in at 14 800. Installation cost guide no two solar power systems are the same.

This is higher than the average price of residential solar power systems across the united states which is currently 2 55 per watt. As of september 2020 the average solar panel cost in maine is 2 96 w. On a cost per watt w basis a solar panel installation in maine ranges in price from 2 52 to 3 40. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. How long does it take to earn back your initial investment in solar panels. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house.

We provide practical cost effective solar solutions for our clients. 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. The average cost of a solar panel installation in maine ranges from 12 580 to 17 020. So you could pay as little as 15 000 for a 5kw solar system today.

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. Buying a 5kw solar system a maine case study costs for installing solar pv panels have come down a long way even over the last couple of years. Don t worry if that sounds high tax credits and energy savings will make it a lot cheaper after year 1. Installation for the average 5kw system ranges from 11 100 22 400.