Solar Panels Maine Cost

Maine solar solutions specializes in the design and installation of renewable energy systems.

Solar panels maine cost.

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. 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. The average cost for an installed residential solar system in maine is currently 12 756 after claiming the 26 federal solar tax credit. 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.

Solar panel cost in maine. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. In addition to the maine specific solar programs you can reduce the cost of your solar energy system by 26 percent through this credit on your income taxes. There is still the big beautiful federal tax credit to help ease your transition to solar.

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. We provide practical cost effective solar solutions for our clients. Maine solar solutions is committed to customer satisfaction. Regardless of the exact cost of installation there are many affordable financial options for solar panel systems.

Average solar panel cost. Solar panel cost data maine 2020 updated. Maine lacks any tax credits for solar power. 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 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. In maine the average solar payback period is 11 67 years. As of september 2020 the average solar panel cost in maine is 2 96 w 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 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net price. Don t worry that much though.

National data september 2020. This is 2 87 per watt.