Are Solar Panels Worth it in Maine?
Take note of the following facts.
First, it is a quantitative indicator of sunny days. On average in the U.S. this indicator is 205 days. As for ME, this figure is 192. Is this enough for solar panels (SP) to work properly? Of course it is, considering the accumulative capacity of the panels. On sunny days, you can store energy and use it for a period of time.
Another important consideration is the number of panels already installed. And in this respect in the state of ME this indicator is simply off the charts. According to https://www.seia.org/states-map there are 178, 213 homes powered by solar energy in the state. There are 53 SP manufacturing, installation and service companies in the state.
Another important point is the state’s policy to reduce the cost of purchasing and installing equipment in the form of solar tax incentives. Currently, the maximum tax incentive is 30%.
To summarize all of the above, purchasing solar panels in Maine is a favorable decision.
Can I Get Solar Panels for Free in Maine?
You can choose one of the options:
1. You do not pay the full amount at once, you get the panels completely free of charge. However, you take out a loan or lease and pay the money over the agreed period of time.
2. You can take advantage of state programs aimed at reducing the cost by up to 30% for the purchase of SP.
Why are There so Many Solar Panels in Maine?
Solar in Maine is a valuable investment for many homeowners due to the of state and local incentives available. With a combination of these incentives and the comparatively affordable installation costs for SP systems, Maine stands as an attractive state for going solar. The financial benefits and environmental impact of transitioning to solar power in Maine make it a compelling option for homeowners seeking to reduce energy costs and carbon footprint. By leveraging the incentives and cost-effectiveness of solar installations in Maine, homeowners can potentially see significant long-term savings and contribute to a greener environment. Ultimately, the combination of incentives and affordability positions Maine as a favorable choice for those looking to make the switch to solar energy.
Do I Need a Permit for Solar Panels in Maine?
All PV installations connecting to a building’s electrical system necessitate permits and inspection. Certain jurisdictions may mandate an electrical plan review as part of the approval process. It is essential to verify with local authorities whether an electrical plan review is obligatory before obtaining permits. Compliance with these regulations ensures the proper installation and connection of solar systems in buildings.
How Much Does Solar Cost in Maine?
The estimated price range for a grid-tied, rooftop solar electric tailored to fulfill electricity typically falls between $21,126 and $28,539 upfront. Considering the 30% tax credit offered the final cost after factoring in the credit would vary between $14,788 and $19,977, providing potential savings for homeowners interested in installing SP.
Things to consider while estimating the cost of solar panels:
- The scope of work;
- Equipment and its quality;
- Additional work.
For more details study the table below.
| If Your Bill Is | Annual Electric Usage | Solar Array Size | Estimated Solar Purchase Price | Net Cost After 30% Tax Credit |
|---|---|---|---|---|
| $140 | 6,431 kWh/yr | 5.0 kW array | $15,990 | $11,193 |
| $188 | 9,003 kWh/yr | 7.0 kW array | $21,126 | $14,788 |
| $260 | 12,862 kWh/yr | 10.0 kW array | $28,539 | $19,977 |
| $355 | 18,007 kWh/yr | 14.0 kW array | $38,838 | $27,187 |
The figures given are approximate. It is advisable to consult professionals before making a deal.
Pros and Cons of Installing Solar Panels in Maine
| Pros | Cons |
| One of the leading states aimed at the advancement of solar energy; More than 178000 houses with solar panels installed; You save on electricity bills; You contribute to greener planet; State incentives aimed at the advancement of solar energy in the state; The possibility of credits and leasing to buy a solar panel. | It can cost a fortune; Not everybody favourers its design. |
To join the community of nature lovers in Maine who want to install solar panels, do the following:
- Fill out the application form on our website.
- Receive and compare competitive offers to select the best option for your needs.
- Make a deal.
- Begin your journey towards saving the planet with renewable energy.
