14 Best Solar Companies in Maine, IL (Jan 2023 Review)

The Cost and Benefits of Solar in Maine

Although solar panels can help save you a decent chunk of change on energy bills over time, it's important to consider the startup costs. There are a few factors you should take into consideration when trying to figure out the overall cost and how much you can save, including:

• Electricity consumption: The average household in Maine uses a decent amount of, and consequently may save on their energy bills.
• The kind of solar panels you're thinking of getting: Higher-efficiency panels are more costly, so that will determine your budget for your solar project.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your energy bills, which can lead to an average of $13,000 of savings over 20 years.
• Average daily sunlight: Since Maine gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your electricity bills will be.

There are several wonderful benefits of solar despite the upfront cost of installation. It can help the environment and your finances. In addition, it can raise the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Maine

There are several reasons why adopting solar power is beneficial. One of them involves some government incentives that can save you money. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives you can benefit from too. Our article on solar incentives has more information on the incentives you can find in Maine.

Environmental Impact of Switching to Solar in Maine

Replacing nonrenewable energy with solar power is a great way to do your part for a more sustainable future. You may be trying to figure out — how much do solar panels do for the environment anyway? The average person has a rather large carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions each year, and energy for their home, it can be overwhelming to figure out what to do. Using solar power is a practical thing you can do to help. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 90 pounds each year. If you care about the environment, you'll no doubt understand that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.