What Should You Pay For Solar In Maine?

Find Out For Your Home Based On Recent Installations In Your ZIP

Solar power in Maine

Last fact checked on July 29, 2019 by Catherine Lane

Maine has some room for improvement when it comes to incentivizing solar for homeowners. Although there are no statewide or utility incentives available, the state does have a renewable portfolio standard (RPS) and a law in place that requires utilities to offer net metering. 

Net metering combined with the 30% federal tax credit makes solar a sound investment for Maine homeowners. 

 

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Solar power in Maine

Maine solar power facts

$3.84
/watt

Average cost of a 5kw solar power system in 2019
Price shown before incentives

10 Years

Average payback time

$12,154

Average lifetime savings
Price shown after repayments of capital

10¢
/kWh

levelized cost of solar energy

35¢
/kWh

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

2,338
kWh

Annual power production

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

This 1.92kW system would offset 100% of your energy usage if your typical monthly bill in Maine is $38, however your situation may vary so try our solar calculator to get a result tailored to you.


Solar companies in Maine that provide pricing through the Solar-Estimate marketplace

1


Best solar offers currently available in Maine


Solar calculator and quote comparison tool

Compare solar quotes from the top solar companies in Maine

How much do solar panels cost in Maine

$3.84 per watt

Cash purchased solar system
Before 30% solar tax credit

$4.24 per watt

Financed solar system
Before 30% solar tax credit

N/A cents/kWh

Lease/PPA
Av. 15 year term, 2.5% price escalator

What are the pros and cons of buying solar panels for your home in Maine

The advantage of installing solar panels in Maine is the mandatory net metering law. Maine has high electricity rates, which means homeowners will save big on their utility bills, thanks to net metering. 

SolarPowerRocks provides a great breakdown of solar incentives and policy for each state within the US.

The disadvantage of installing solar panels in Maine is that there is very little in the way of state and utility-based incentives. Also, Maine receives less sunshine than other states, so a solar system here will produce less than a solar system in a sunnier state, such as Arizona.  

Enter your details to calculate the cost and savings you are likely to get from installing solar panels for your home.

Find local city information


Best brands of solar panels

To find the best brands of solar panels you can use America's most trusted solar panel comparison and reviews website, SolarReviews.

However, reviews of solar panels can be a bit meaningless because most consumer owners have not had any issues and so whilst solar company reviews are very important when choosing solar installers they are of less use when choosing solar panels.

For more information to help you make an informed decision about this topic, I would recommend this article about buying solar panels.

 

Unlock live pricing on the best solar panel brands!

 

How much electricity will solar panels produce in Maine

Solar panels produce different amounts of energy in different locations.

Around the Augusta area solar panels installed on a south facing 30 degree pitch roof will typically produce:

1,318kWh per year per 1kw of peak DC (direct current) capacity

For more information about how your location, roof direction and roof tilt affects solar power production use the solar panels calculator and enter your zipcode below.

 

See how much electricity your solar panels could produce

I want to buy a solar panel kit and install it myself

What rebates, solar tax credits, and other solar incentives are available in Maine?

Net metering in Maine

Solar, by its nature, generates the most power during the middle of the day when most people are at work or school and little power is being used in the home. The net metering policy in Maine mandates that for every surplus kilowatt hour (kWh) generated by solar (like the excess energy your system creates during the day) utilities must provide a credit equal to the average cost rate of energy per kWh. 

Maine legislatures have been battling over a net metering policy for a few years. Just recently, full net metering was brought back for solar customers. 

The best time to go solar is now while state policy still mandates that each kWh is credited at the retail rate. 

 


 

Renewable portfolio standard


Maine has a renewable portfolio standard (RPS) that establishes renewable energy goals for the state’s utilities to meet. The RPS states that by 2017 and each year after, 30% of Maine’s electricity must be derived from existing renewable generation systems and 10% of Maine’s electricity load must come from new renewable resources. Total, the state must receive 40% of its energy from renewable resources.

Maine Solar Calculator

Regardless of what you want to know about the economics of installing solar panels for your home or business in Maine we have a solar calculator that can show you exactly the information your require.


 


 

What you can find out about installing solar panels in Maine using our full monthly solar calculator

This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:

If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this Maine solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.

 

Unlock live pricing in your state!

 

Solar calculator

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

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