13 Best Solar Companies in Lewiston, ME (Jun 2022 Review)

The Cost and Benefits of Solar in Lewiston

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to install your panels. Some key factors that influence how much it will cost to install solar panels on your home and how much money you could save over time include:

• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• How much you spend on energy: The typical household in Lewiston pays around $900 a year on electricity alone, so you could end up with that much in savings.
• Typical energy usage: The more power your household uses on average and the higher your current power bills are, the more money you could save by making the switch to solar.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 26% of the project cost. Your state may also have incentives and rebates that you can benefit from. Additionally, you can save about $16,000 over 20 years on your utility bills, without incentives.

There are several great benefits of solar despite the upfront cost of installation. It can help the Earth and your bank account. Plus, it can increase the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Lewiston

In an effort to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. State and city solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. In the table below, you can see the incentives you qualify for in Lewiston.

Environmental Impact of Switching to Solar in Lewiston

Making the switch to solar power is a good way to do what you can for a more sustainable future. You may be trying to figure out — how much does going solar do for the planet anyway? Something that can drastically affect your carbon footprint is your commute time and how much you drive overall. If you go solar and drive an electric car, you can vastly reduce your carbon dioxide emissions by charging your car at home. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. The benefits of solar power are infinite — just like solar power is! That's why so many Lewiston residents have been happy with using solar energy.