Solar Panels Cost $2.6k-$13k in Sagadahoc County, ME | December, 2024
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How much do solar panels cost in Sagadahoc County, ME in 2024?
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Getting solar panels in the month of December, 2024 in Sagadahoc County, ME costs approximately $3.82/W.
It will cost $3,820, on average, for every 1000 watts (1 kW) of capacounty that your solar panels have. On average, the cost for a 5 kW panel install in Sagadahoc County, after the 30% federal tax credit, is approximately $13,370. It's vital to consider that a higher capacity system could be required to fully meet your energy requirements.
On the left, choose your county to see the typical roof size and the maximum generation capacity for solar panels on homes in your area. Below, you'll find a full outline of the price, payback period, and 20-year average savings for a 5 kW system in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Sagadahoc County: $13,370US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Sagadahoc County: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Sagadahoc County: $16,898US Average: $16,152
Solar Potential in Sagadahoc County
Estimated system size and solar electricity production per median viable roof in Sagadahoc County.
Roof size 465sq. ft.
Capacity 6.5kW DC
Electricity 7.4kkWh AC per yr.
Electricity Costs in Sagadahoc County, ME & What that Means for Your Solar Panel Pricing
In Sagadahoc County, energy consumers typically see an average electric bill of 149.99 each month, with an average consumption of 535 kWh. Flats and other smaller housing units with diminished energy consumption are covered in this number.
The rate of electricity in Sagadahoc County, ME, on average, is 28.05¢ per kWh in December 2024.
At this time, a 5 kW solar installation will initially set you back around $19,100, but the federal tax credit reduces the price by 30%, making it $13,370.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Sagadahoc County
To your left, we've provided a full pricing details for the various solar panel system sizes set up in Sagadahoc County. Of course, a more extensive solar system requires a higher upfront cost, but it also translates to increased electricity savings and higher income tax credits.
The solar panel cost and benefit breakdown, shown in the calculator to the right and below, is based on an average electric bill of $149.99 in Sagadahoc County. Just replace the $149.99 with your average electricity bill amount to see more specific 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
$2,674
Savings from a 1kWthis system
Est. yearly production 1,354 kWh
Est. monthly savings $32
Full payback in 1 years
Environmental Impacts
Reduces CO2 emissions by 0.31 tons a year
Equivalent to planting 14 trees a year
Equivalent to driving 774 mi less a year
System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $758 a year
Est. Price
$5,348
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 0.63 tons a year
Equivalent to planting 29 trees a year
Equivalent to driving 1,549 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $1,137 a year
Est. Price
$8,022
Savings from a 3kWthis system
Est. yearly production 4,062 kWh
Est. monthly savings $95
Full payback in 4 years
Environmental Impacts
Reduces CO2 emissions by 0.94 tons a year
Equivalent to planting 43 trees a year
Equivalent to driving 2,323 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,517 a year
Est. Price
$10,696
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 1.25 tons a year
Equivalent to planting 57 trees a year
Equivalent to driving 3,097 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,896 a year
Est. Price
$13,370
Savings from a 5kWthis system
Est. yearly production 6,771 kWh
Est. monthly savings $150
Full payback in 7 years
Environmental Impacts
Reduces CO2 emissions by 1.49 tons a year
Equivalent to planting 68 trees a year
Equivalent to driving 3,676 mi less a year
Sagadahoc County Solar Panel Installation Incentives & Rebates | 2024
Eligible rural small businesses and agricultural operations might have their solar energy or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Believe you might be eligible? Use our REAP Grant eligibility tool to check your eligibility.
With the accessibility of a 30% federal income tax credit, solar energy becomes a viable solution for most homeowners, notably in numerous parts of the country. There are also a range of state and local efforts aimed at boosting solar energy use.
Maine has 6 solar rebate and incentive initiatives available from multiple utilities and government agencies.
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 Sagadahoc County, ME?
If you're expecting to live in your home past the solar system's payback period, solar panels are a good decision in Sagadahoc County. In Sagadahoc County, ME, a 5 kW solar system installation might save you $22,627.6 on average over 20 years, with a standard break even point of 7 years.
The cost of not having solar panels in Sagadahoc County, ME
The lack of solar panels or an alternative energy backup means you'll forgo the earlier mentioned savings and be completely reliant on your electric utility for power. Recent media examples have shown that full reliance on your utility company isn't always ideal.
There are about 1.12 outages per customer annually in Sagadahoc County. The average duration of each outage is 124.44 minutes. During severe events like lightning strikes, equipment failure, or vandalism, these times can grow significantly longer.
View the graphic below to see the number of current electricity customers without power in Sagadahoc County.
With or without a backup battery, a solar panel system could relieve the stress of future power disruptions you might encounter.
Power Outages
Currently, 0 customers are being tracked in Sagadahoc County.
What impacts the cost of solar panels in Sagadahoc County, ME?
Your Energy Needs - The cost per watt is decreased with larger solar panel systems, even though the initial cost is greater. Setting up a solar panel system that can cover the electric bill is advantageous to consumers because of the money saved.
Make & Model - Similar to many other products, there are different makes and models of solar panels and mounting equipment on the market. Your contractor’s potential system preferences make it more important to select a reputable installer. Higher quality makes and models often provide a more positive long-term experience for buyers.
Solar Panel Type - Monocrystalline panels are generally accepted as the standard in the industry, and deservedly so. Even though they are more expensive, they generate more energy. The majority of installers work with panels constructed from this material.
Your Property - No two homes or properties are the same. Elements such as trees, uneven ground, or additional obstacles might complicate the installation process. These days, the majority of solar installers can assess your home with satellite images and factor in these considerations in the preliminary cost estimate.
Labor Rates - Various wages are offered to employees by various companies, and these expenses are transferred to the consumers. Higher wages frequently lead to companies getting better reviews for their work and customer service.
Permitting & Interconnection - Local permitting and utility interconnection fees, which differ by region, will influence your final installation cost. Experienced local installers will incorporate these numbers into your first quotes to avoid any surprises.
See what solar panels cost in other Sagadahoc County cities
In Sagadahoc County, ME, the mean cost per watt for solar panels as recorded in December, 2024 is $3.82/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Sagadahoc County, ME is roughly $13,370.
Homeowners in Maine can take advantage of 6 different rebates and incentives from a variety of utility companies and government agencies. Additionally, almost everyone is entitled to the 30% federal income tax credit.
Although cash payments yield the greatest savings, numerous financing options for solar panels now exist that are also cost-effective. Many installers will detail information about their financing partners in the initial quotes they provide.
Yes, the average 5 kW solar panel payback time in Sagadahoc County, ME is 7 years, with expected savings of $22,627.6 on electricity over 20 years.
Savings from 
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