Solar Panel Cost Guide in Greene, ME (Mar 2023)
- Greene Solar Installation Cost: $10,697
- 25-Year Savings: $11,938
- Payback Period: 11.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Greene
Find out what the average cost of solar panels are in Greene.
The national average cost of solar panels is $2.66 per watt, but in Greene it's 2.83 per watt. Using this figure, a typical 5.4-kW system would cost about $10,697 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar panels you choose, your solar contractor and more. With average savings of about $16,000 on electricity bills over 20 years, many homeowners in Greene find going solar can be quite rewarding.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Greene
| Year | Return on Investment |
|---|---|
| 1 years | $-9,792 |
| 3 years | $-7,981 |
| 5 years | $-6,170 |
| 7 years | $-4,360 |
| 9 years | $-2,549 |
| 11 years | $-738 |
| 13 years | $1,073 |
| 15 years | $2,884 |
| 17 years | $4,694 |
| 19 years | $6,505 |
| 21 years | $8,316 |
| 23 years | $10,127 |
| 25 years | $11,938 |
Top Solar Installers in Greene
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Going with an installer can make your switch to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you're searching for a solar installer in Greene, we've organized a list of our top suggestions here:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Greene
Factors that Affect Solar Panel Costs in Greene
There are many factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the price of a solar energy system in Greene, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by about $2,830 for each additional kilowatt you need. There are several different solar panel brands and the one you pick also changes the cost. In general, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Greene to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time because of interest. Although solar loans make switching to solar energy more accessible for Greene homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Greene, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Greene have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $2.94 | $12,361 | $12,766 | 12.3 years |
| 8 kW | $2.89 | $16,165 | $17,338 | 12.1 years |
| 10 kW | $2.83 | $19,810 | $22,069 | 11.8 years |
| 12 kW | $2.77 | $23,297 | $26,958 | 11.6 years |
| 14 kW | $2.72 | $26,625 | $32,006 | 11.4 years |
| 16 kW | $2.66 | $29,794 | $37,212 | 11.1 years |
| 18 kW | $2.60 | $32,805 | $42,576 | 10.9 years |
| 20 kW | $2.55 | $35,658 | $48,100 | 10.6 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Greene, ME Solar Cost FAQs
What is the average cost of installing solar panels in Greene?
This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $14,150 for a 5-kW system and $28,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Greene?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Does Greene have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.