Solar Panel Cost Guide in Buxton, ME (2025 Update)
- Buxton Solar Installation Cost: $13,737
- 25-Year Savings: $12,405
- Payback Period: 15.2 Years
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Average Cost of Solar Panels in Buxton
See how much it might cost to switch to solar power in Buxton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Buxton, the typical cost of a solar system is 4 per watt.Because a 5.2-kW system is needed to cover the energy costs of a typical home in Buxton, the average price of going solar will be about $13,737 after claiming the federal solar tax credit of 0.
The true cost of your system can be higher or lower than the average in Buxton depending on a variety of factors, such as the brand of solar panels you choose and the solar company you hire.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on energy bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Buxton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,598 |
| 3 years | $-10,322 |
| 5 years | $-8,045 |
| 7 years | $-5,769 |
| 9 years | $-3,492 |
| 11 years | $-1,216 |
| 13 years | $1,061 |
| 15 years | $3,337 |
| 17 years | $5,614 |
| 19 years | $7,890 |
| 21 years | $10,167 |
| 23 years | $12,443 |
| 25 years | $14,720 |
Top Solar Installers in Buxton
Putting up solar panels on your own can be a difficult undertaking, which is why hiring a solar installation company is a good option for many homeowners. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
If you're on the hunt for a solar installer in Buxton, we've put together a list of our top suggestions here:
See all of the solar companies in Buxton
Factors that Affect Solar Panel Costs in Buxton
While the average cost of a solar system in Buxton is $13,737, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,800 per kilowatt in Buxton.The brand of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Buxton homeowners choose to finance their solar panel systems to make going solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will affect your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Buxton are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.95 | $16,598 | $9,700 | 15.8 years |
| 8 kW | $3.88 | $21,706 | $13,359 | 15.5 years |
| 10 kW | $3.80 | $26,600 | $17,231 | 15.2 years |
| 12 kW | $3.72 | $31,282 | $21,316 | 14.9 years |
| 14 kW | $3.65 | $35,750 | $25,613 | 14.6 years |
| 16 kW | $3.57 | $40,006 | $30,123 | 14.3 years |
| 18 kW | $3.50 | $44,050 | $34,846 | 14.0 years |
| 20 kW | $3.42 | $47,880 | $39,782 | 13.7 years |
How to Save on Solar Panels
There are many companies to choose from in Buxton, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Review the contract terms closely to make sure you understand the overall cost, project timeline rebates and warranties.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
EcoWatch's Buxton, ME Solar Cost FAQs
How much does it cost to install solar panels in Buxton?
The average cost of solar panels in Buxton is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Buxton?
A solar panel system isn’t free in Buxton, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will solar panels impact my property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.