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 for Augusta to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Augusta and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Augusta, Maine in 2020 is $2.58 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 $12,900. (before claiming 26% 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 Augusta solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
7 Years 5 Months
Average payback time
Annual power production
levilized cost of solar energy
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
(Prices shown after repayments of capital)
Solar companies in Augusta, ME that provide pricing through the Solar-Estimate marketplace
Average total cost of solar panel installation in Maine
|System Size||Cash purchase
After 26% solar tax credit
After 26% solar tax credit
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:
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.