Solar Panels Cost $2.6k-$13k in Oxford County, ME | November, 2024
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How much do solar panels cost in Oxford County, ME in 2024?
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In the month of November, 2024 in Oxford County, ME you will pay about $3.8 per watt to get solar panels.
According to this price, solar panel installations will cost you approximately $3,800 per 1000 watts (1 kW) of production capacounty. In Oxford County, the price of a 5 kW panel install is typically $13,300, after a 30% federal tax credit. However, it’s important to realize that a more extensive system could be essential to ensure your energy needs are met.
To the left, you can select your county to view the average roof size and average maximum capacity for residential solar on homes in your area. Displayed below is an outline of the price, payback period, and 20-year average savings for a 5 kW system installed in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Oxford County: $13,300US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Oxford County: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Oxford County: $16,362US Average: $16,169
Solar Potential in Oxford County
Estimated system size and solar electricity production per median viable roof in Oxford County.
Roof size 465sq. ft.
Capacity 6.5kW DC
Electricity 7.4kkWh AC per yr.
Electricity Costs in Oxford County, ME & What that Means for Your Solar Panel Pricing
Oxford County's typical monthly kWh usage is 530, with the average electric bill around 147.34. Bear in mind that this statistic takes into account smaller residences including apartments, known for lower energy consumption.
As of November 2024, the average rate for electricity per kWh in Oxford County, ME is 27.81¢.
At first, a 5 kW solar panel installation is priced at $19,000, but after a 30% tax credit, the final price is $13,300.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Oxford County
To the left, we have displayed a thorough cost analysis for different solar panel system sizes installed in Oxford County. A larger solar array will expectedly cost more, but it will also offer greater electricity savings and more substantial income tax credits.
The cost-benefit analysis for solar panels, shown in the calculator to the right and below, is based on an average electric bill of $147.34 in Oxford County. Simply change the $147.34 to your typical electricity bill for more precise results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 1kW
Roof Size Min. space required
72 ft²
Electricity Value Annual Production $379 a year
Est. Price
$2,660
Savings from a 1kWthis system
Est. yearly production 1,354 kWh
Est. monthly savings $32
Full payback in 2 years
Environmental Impacts
Reduces CO2 emissions by 0.46 tons a year
Equivalent to planting 21 trees a year
Equivalent to driving 1,133 mi less a year
System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $758 a year
Est. Price
$5,320
Savings from a 2kWthis system
Est. yearly production 2,708 kWh
Est. monthly savings $63
Full payback in 3 years
Environmental Impacts
Reduces CO2 emissions by 0.92 tons a year
Equivalent to planting 42 trees a year
Equivalent to driving 2,266 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $1,137 a year
Est. Price
$7,980
Savings from a 3kWthis system
Est. yearly production 4,062 kWh
Est. monthly savings $95
Full payback in 5 years
Environmental Impacts
Reduces CO2 emissions by 1.37 tons a year
Equivalent to planting 63 trees a year
Equivalent to driving 3,398 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,517 a year
Est. Price
$10,640
Savings from a 4kWthis system
Est. yearly production 5,417 kWh
Est. monthly savings $126
Full payback in 6 years
Environmental Impacts
Reduces CO2 emissions by 1.83 tons a year
Equivalent to planting 84 trees a year
Equivalent to driving 4,531 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,896 a year
Est. Price
$13,300
Savings from a 5kWthis system
Est. yearly production 6,771 kWh
Est. monthly savings $147
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 2.13 tons a year
Equivalent to planting 98 trees a year
Equivalent to driving 5,270 mi less a year
Oxford County Solar Panel Installation Incentives & Rebates | 2024
Rural small business and farm owners might benefit from the REAP Grant, which could cover 80% to 100% of their solar or wind energy installation expenses. Think you fall into this category? Check your qualification with our REAP Grant eligibility tool.
For those considering residential solar, the 30% federal income tax credit is accessible to most people, which makes solar power a wise investment in various parts of the country. Furthermore, several state and local initiatives are in place to further encourage the adoption of solar energy.
Different utilities and governmental organizations in Maine offer 6 solar rebate and incentive initiatives.
Solar incentives in MEIncentive Description Value
Solar and Wind Energy Property Tax Exemption
Value:Varies
Solar photovoltaic equipment and wind turbines in Maine are exempt from state property taxes. The only conditions are that the generated energy must be used on-site and that the panels/turbines are interconnected to the state's power grid under a net metering contract. Additional information is available from the Maine Department of Revenue.
Renewable Portfolio Standard
Value:Varies
Maine first adopted a mandatory renewable portfolio standard in 1997. Currently, the standard requires 80% of the state's energy to be generated from renewable sources by 2030, with conventional sources phased out completely by 2050. Eligible technologies to meet the standard include solar, wind, geothermal, biomass, CHP, waste burning, and hydroelectric. Compliance with the standard is measured using a renewable energy credit (REC) and thermal credit (TREC) system pegging electrical and heat capacity to dollar values. Utilities are responsible for procuring their credit quota from customers through net metering or other purchasing contracts.
Efficiency Maine Trust - Energy Efficiency and Renewable Resource Fund
Value:Varies
The Efficiency Maine Trust is a public benefits fund for energy efficiency projects in the state. Unique to many other states, it is supported by voluntary contributions of up to $10 on monthly energy bills. A large portion of the trust supports grant programs for renewable energy and energy efficiency for local governments, nonprofits, and school districts. The trust's administrators produce an annual report for the Maine legislature detailing budget items and spending initiatives. Additional information is available from the trust website.
Maine Green Power Program
Value:Varies
The Maine Green Power (MGP) program was established through a public-private partnership with 3 Degrees Group. MGP allows the state government to directly purchase renewable energy credits; however, these credits may not be used to meet the renewable portfolio standard. Currently, the program funds large-scale renewable energy generation facilities throughout the state, including a major hydroelectric project. Any Central Maine Power or Emera customer may directly purchase power from MGP in blocks. Additional information is available through the MGP website.
Local Option - Property Assessed Clean Energy
Value:Varies
City and county governments in Maine may offer their own property-assessed clean energy (PACE) financing programs for energy efficiency improvements and equipment. Depending on the specific program, residential and commercial property owners alike have access to an open market of available lenders offering competitive loans and terms. Effectively, funding comes from the government; repayment will therefore take the form of a tax lien senior to the property's mortgage. Maine has standardized PACE loan terms. Available principal ranges from $6,500 to $15,000 at 4.99% APR. Loans can be repaid over up to a 15-year period. While single-family homes may receive PACE funding, they also face more regulations and concerns from the FHFA. Fannie Mae and Freddie Mac cannot take ownership of a mortgage with an active PACE lien, and it is up to the locality to establish loss reserve funds or other safeguards. Interested property owners should consult with their local or county government, as not every jurisdiction offers PACE loans.
Green Power Purchasing
Value:Varies
Any Mainer can opt into the Maine Green Power program to source their energy from local renewable facilities. The program is supported by a surcharge on subscribers' energy bills and pegs consumption to RECs. Governments can purchase RECs through the public-sector arm of the program. Currently, the state government is purchasing RECs from a hydroelectric project to meet a majority of its renewable portfolio standard. Since 2007, 100% of Maine's energy is sourced renewably. Additional information is available through the Maine Green Power website.
Are solar panels worth it in Oxford County, ME?
If you expect to own your residence longer than the solar system's payback period, solar panels are a smart investment in Oxford County. Over a 20 year period, a 5 kW solar system in Oxford County, ME could save you an estimated $22,061.6, with the average break even time being 8 years.
The cost of not having solar panels in Oxford County, ME
Besides the savings mentioned earlier, failing to have solar panels or an alternative energy backup means you being wholly dependent on your electric utility for electricity. As recent news articles have shown, total reliance on your utility provider isn't always the best situation.
Customers in Oxford County experience roughly 1.45 outages per year. Each outage lasts an average of 157.59 minutes. In the case of major events such as winter storms, aging infrastructure, or vandalism, this period can increase substantially.
See the graphic below to see the number of current electricity customers without power in Oxford County.
A solar panel system could reduce the inconvenience of future outages, even if it lacks a backup battery.
Power Outages
Currently, 0 customers are being tracked in Oxford County.
What impacts the cost of solar panels in Oxford County, ME?
Your Energy Needs - When opting for larger solar panel systems, the overall expense is greater; however, the cost per watt reduces with an increase in system size. Consumers often find that setting up a solar system to fully cover their electric bill is a beneficial decision, resulting in the most savings.
Make & Model - Just like many products, solar panels are offered in a variety of makes and models. Given the certain system preferences an contractor might have, selecting a reputable contractor is critical. For buyers seeking a superior long-term experience, opting for superior quality equipment is essential.
Solar Panel Type - Monocrystalline panels have earned their place as the standard in the industry, and for good reasons. Although they are more expensive, they generate increased energy. The majority of installers use panels made of this material.
Your Property - Each property and home presents unique challenges. Trees, irregular terrain, or other obstacles may complicate the installation process. These days, satellite images allow many solar installers to evaluate your home and incorporate these factors into the preliminary cost estimate.
Labor Rates - The varying wages that companies offer their employees result in costs that are ultimately passed on to consumers. Businesses frequently receive higher reviews for their work and customer service when they pay higher wages.
Permitting & Interconnection - Regional differences in permitting and utility interconnection fees will influence your installation cost. Reputable local installers will include these numbers into your preliminary quotes to prevent any surprises.
See what solar panels cost in other Oxford County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Oxford County?
In November, 2024, the typical price per watt for solar panels in Oxford County, ME is $3.8/W. The installation of a 5 kW solar panel system in Oxford County, ME will cost about $13,300 after federal tax credits.
Maine offers 6 different rebates and incentives from a range of utilities and government organizations. On top of that, nearly everyone can qualify for the 30% federal tax credit.
While cash payments provide the most savings, there are now many financing options for solar panels that are also advantageous. Initial quotes from installers will frequently contain information about available financing options.
Yes, the average 5 kW solar panel payback time in Oxford County, ME is 8 years, with expected savings of $22,061.6 on electricity over 20 years.
Savings from 
Environmental Impacts 
