Solar Panels Maine Cost

In maine the average solar payback period is 11 67 years.

Solar panels maine cost.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. The itc applies only to those who buy their system with cash or with a solar loan like pace and you must have enough income for the tax credit to be relevant. Average solar panel cost. Maine solar solutions is committed to customer satisfaction.

This is higher than the average price of residential solar power systems across the united states which is currently 2 55 per watt. The average cost for an installed residential solar system in maine is currently 12 756 after claiming the 26 federal solar tax credit. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. We think the legislature can do more by offering you a personal tax credit to help offset the cost of switching to solar power.

This is 2 87 per watt. National data september 2020. We provide practical cost effective solar solutions for our clients. Solar panel cost data maine 2020 updated.

There is still the big beautiful federal tax credit to help ease your transition to solar. 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. Maine lacks any tax credits for solar power. Solar panel cost in maine.

Regardless of the exact cost of installation there are many affordable financial options for solar panel systems. Maine solar solutions specializes in the design and installation of renewable energy systems. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 53 per watt. The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt.

Don t worry that much though. 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.