Solar Panel Cost Guide in Lisbon Falls, ME (2024 Update)
- Lisbon Falls Solar Installation Cost: $14,377
- 25-Year Savings: $11,928
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Lisbon Falls
Here’s how much it might cost to go solar in Lisbon Falls.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lisbon Falls, the average cost of solar panels is 4 per watt.Using this figure, a typical 5.4-kW system would cost about $14,377 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary based on several factors, such as how many panels you need, your energy consumption and what installation company you go with.With typical savings of about $16,000 on utility bills over 20 years, many homeowners in Lisbon Falls find going solar can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in Lisbon Falls that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lisbon Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-13,239 |
| 3 years | $-10,962 |
| 5 years | $-8,686 |
| 7 years | $-6,409 |
| 9 years | $-4,133 |
| 11 years | $-1,856 |
| 13 years | $420 |
| 15 years | $2,697 |
| 17 years | $4,973 |
| 19 years | $7,250 |
| 21 years | $9,526 |
| 23 years | $11,803 |
| 25 years | $14,079 |
Top Solar Installers in Lisbon Falls
Trying to put up solar panels on your own can be a stressful task, which is why getting a solar installation company is a good option for many homeowners. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you're on the hunt for a solar company in Lisbon Falls, the EcoWatch team has compiled 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 Lisbon Falls
Factors that Affect Solar Panel Costs in Lisbon Falls
Even though the average cost of a solar system in Lisbon Falls is $14,377, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of solar panels in Lisbon Falls, one of the most important 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 gauge by looking at past energy bills. Your total cost can increase by about $3,800 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Lisbon Falls have solar loans, which reduce the initial cost of installing a solar system.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating in Lisbon Falls, and each can charge different amounts for labor and equipment.Additionally, some companies in Lisbon Falls have more knowledge about local solar incentives and can help you make good use 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 | $8,529 | 16.5 years |
| 8 kW | $3.88 | $21,706 | $11,797 | 16.2 years |
| 10 kW | $3.80 | $26,600 | $15,279 | 15.9 years |
| 12 kW | $3.72 | $31,282 | $18,973 | 15.6 years |
| 14 kW | $3.65 | $35,750 | $22,880 | 15.2 years |
| 16 kW | $3.57 | $40,006 | $27,000 | 14.9 years |
| 18 kW | $3.50 | $44,050 | $31,332 | 14.6 years |
| 20 kW | $3.42 | $47,880 | $35,878 | 14.3 years |
How to Save on Solar Panels
There are numerous companies available in Lisbon Falls, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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 Lisbon Falls, ME Solar Cost FAQs
What is the average cost of installing solar panels in Lisbon Falls?
The average cost of solar panels in Lisbon Falls 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 certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Lisbon Falls?
You can’t get solar panels for free in Lisbon Falls. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Lisbon Falls have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 install between 20 and 35 panels to cover 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.
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.