Solar Panels Cost $5.4k-$16k in Maine | February, 2025

Electricity Costs in Maine & What that Means for Your Solar Panel Pricing

On average, a Maine energy consumer uses551 kWh and pays $132.67 per month for electricity. Compact residences, such as duplexes and condos, are also reflected in the numbers mentioned in the prior sentence.

As of February 2025, the average rate for electricity per kWh in Maine is 24.06¢.

If you’re a typical energy user in Maine you will require 6 kW or larger sized system to satisfy your entire energy consumption needs. At this time, 6 kW setup will be priced at around $23,160 before incentives, but the 30% federal tax credit will return 30%, reducing the price to $16,212.

Are solar panels worth it in Maine?

If you expect living in your home longer than the solar system's payback period, installing solar panels is an obvious decision in Maine. In Maine, a 5 kW solar system installation might save you $18,329.82 on average over 20 years, with a standard break even point of 8 years.

The cost of not having solar panels in Maine

The lack of solar panels or another energy backup means you'll forgo the earlier mentioned savings and be completely reliant on your electric utility for power. The news has recently proven that full dependence on your utility provider is not always ideal.

The utilities in Maine have averaged about 3.81 outages per customer per year lately. Each outage lasts an average of 165.1 minutes. In the case of major events such as equipment failure, landslides or wildlife damage, this period can increase substantially.

View the info below to see the number of current electricity customers without power in Maine.

A solar energy system, whether or not it has a backup battery, could reduce the effects of any future power interruptions you might face.

What impacts the cost of solar panels in Maine?

Your Energy Needs -Though the initial cost of larger solar panel systems is larger, the price per watt diminishes as the system gets larger. It is often advantageous for individuals to set up a solar system that can generate enough electricity to completely replace their electric bill, which ensures substantial savings.

Make & Model - Solar panels and mounting equipment are available in a range of makes and models. Given the certain brand preferences an installer might have, picking a recommended company is critical. The employment of high-quality equipment is probably will provide a more satisfactory long-term experience for buyers.

Solar Panel Type - It's obvious why monocrystalline panels are now the standard in the industry. Although they are pricier, they deliver increased energy. Many installers utilize panels constructed of this material.

Your Property - Each property and home has its own unique features. Uneven landscapes, trees, or additional challenges may add to the difficulty of the installation. Nowadays, the most solar installers can evaluate your home with satellite images and factor in these elements in the initial cost estimate.

Labor Rates - The pay employees get from their employers vary, and these costs are transferred to the consumers. Higher reviews for work and customer service are generally associated with businesses that pay higher wages.

Permitting & Interconnection - Your installation cost will be impacted by area-specific permitting and utility interconnection fees. Reputable local installers will include these figures in your first estimates to ensure transparency.