Cost of solar in Augusta, ME

Electricity Consumption in Augusta

Electricity Consumption by Maine residents averages 205 kWh per month. It ranks #42 in the nation for savings from installing solar panels on the home.

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Solar power in Augusta, Maine

Central Maine Power Company (CMP) offers its Augusta customers a net metering program. CMP will pay its solar customers for any excess electricity their solar system generates at the full retail rate of electricity. Getting the full retail rate for energy produced by a residential solar system provides great savings on your electric bill. 

Augusta residents can also take advantage of the federal solar tax credit. The tax credit is equal to 30% of the cost of a solar system and is applied to your federal income taxes. In some cases, you may be able to wipe out your entire tax bill for the year! The combination of the federal tax credit and CMP’s net metering program can provide you with an excellent return on investment on a solar system installation in Maine!

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in Maine

The average cost of installing residential solar panels in Augusta, Maine in 2019 is $3.72 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Augusta, ME is $18,600. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 1.92kW solar system in Augusta, ME

This system would offset 100% of your energy usage if your typical monthly bill is $38, however your situation may vary so try our solar calculator to get a result tailored to you.

$5,618

Net cost of system
Cash - after 30% solar tax credit

10 Years

Average payback time

2,338
kWh

Annual power production

10¢
/kWh

levilized cost of solar energy

35¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 1.92kW system

Life-time savings on this system over the next 25 years

$12,154

(Prices shown after repayments of capital)

 


 

Solar companies in Augusta, ME that provide pricing through the Solar-Estimate marketplace

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Solar calculator and quote comparison tool

Average total cost of solar panel installation in Maine

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $8,526 $9,208
4kw $11,060 $11,945
5kw $13,440 $14,515
6kw $15,624 $16,874
7kw $17,689 $19,104
8kw $19,600 $21,168
9kw $21,357 $23,066
10kw $22,960 $24,797

 

Design your own solar panel system for your home

Going solar in Maine

Check out all of the ways energy providers of Maine can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Net Metering State Net Metering
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.