Solar Panel Cost Guide in Lisbon, ME (2023 Update)

  • Lisbon Solar Installation Cost: $10,697
  • 25-Year Savings: $11,938
  • Payback Period: 11.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 04, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Lisbon

Find out what the average cost of solar panel installation is in Lisbon.

The national average cost of solar panels is $2.66 per watt, but in Lisbon it's 2.83 per watt. To cover the typical energy needs of the average home in Lisbon, most homeowners require a 5.4-kilowatt system. Using the figure above, a solar installation costs around $10,697, or $15,297 before the federal solar tax credit of 30% is applied.

These figures are just averages, and the cost of going solar for you may look different based on factors unique to your home and what company you want to go with. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $16,000 in savings on electricity bills over 20 years.

To receive a free quote from a vetted solar company in Lisbon, you can click the button below.

Solar savings over time in Lisbon

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 Lisbon

Many homeowners opt for a solar installer since trying to install solar panels on your own can be a labor-intensive endeavor. Plus, if you're not certain what type of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.

There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Lisbon

Factors that Affect Solar Panel Costs in Lisbon

For many Lisbon homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Lisbon, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,830. There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Lisbon homeowners opt to finance their solar panel systems to make going solar more affordable. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.

Solar Panel Installation Company

A final factor to consider when trying to evaluate the cost of solar for your home or business in Lisbon is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that offers the products, warranties and services you're looking for and also fit into your budget.

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

There are numerous companies to choose from in Lisbon, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:

  • Contract: Before signing a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
  • Warranty: If you're worried about the endurance of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
  • Solar Panel Brands: Different companies carry different brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Lisbon, ME Solar Cost FAQs

What is the average cost of installing solar panels in Lisbon?

The average cost of solar panels in Lisbon is about $14,150 for a 5-kW system and $28,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.

Is cost the most important consideration when buying solar panels?

Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

How will installing solar panels impact how much my home is worth?

Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't go for 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 a solar system."

How long do solar panels last in Lisbon?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.

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.

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