Solar Panel Cost Guide in Jay, ME (2025 Update)
- Jay Solar Installation Cost: $14,955
- 25-Year Savings: $11,498
- Payback Period: 16.5 Years
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Average Cost of Solar Panels in Jay
We go over average solar pricing in Jay.
While the national average of solar panels is $2.66 per watt, solar panels in Jay typically cost about 4.Using this figure, a typical 5.6-kW system would cost about $14,955 before the 0 federal solar tax credit is applied.
The true price you pay can be above or below the average in Jay depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Jay can save about $15,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar installer in Jay for a personalized estimate.
Solar savings over time in Jay
| Year | Return on Investment |
|---|---|
| 1 years | $-13,816 |
| 3 years | $-11,540 |
| 5 years | $-9,263 |
| 7 years | $-6,987 |
| 9 years | $-4,710 |
| 11 years | $-2,434 |
| 13 years | $-157 |
| 15 years | $2,119 |
| 17 years | $4,396 |
| 19 years | $6,672 |
| 21 years | $8,948 |
| 23 years | $11,225 |
| 25 years | $13,501 |
Top Solar Installers in Jay
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with an installer can make your swap to solar power much easier. Some solar companies, particularly local ones, can help you better understand incentives in Jay, optimizing your ROI.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Jay
Factors that Affect Solar Panel Costs in Jay
There are several 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 cost of a solar energy system in Jay, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by around $3,800 for each additional kilowatt you need.The model of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about 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’s in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable choice because they lower your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The company’s size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $7,558 | 17.2 years |
| 8 kW | $3.88 | $21,706 | $10,503 | 16.8 years |
| 10 kW | $3.80 | $26,600 | $13,661 | 16.5 years |
| 12 kW | $3.72 | $31,282 | $17,031 | 16.2 years |
| 14 kW | $3.65 | $35,750 | $20,615 | 15.9 years |
| 16 kW | $3.57 | $40,006 | $24,411 | 15.5 years |
| 18 kW | $3.50 | $44,050 | $28,420 | 15.2 years |
| 20 kW | $3.42 | $47,880 | $32,642 | 14.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
EcoWatch's Jay, ME Solar Cost FAQs
What is the average cost of installing solar panels in Jay?
The average cost of solar panels in Jay is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Jay is currently $219,766, so you could be looking at a value of about $9,010 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Jay is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.