Solar Panel Cost Guide in Lisbon Falls, ME (2023 Update)
- Lisbon Falls Solar Installation Cost: $10,707
- 25-Year Savings: $11,928
- Payback Period: 11.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lisbon Falls
We go over average solar pricing in Lisbon Falls.
In Lisbon Falls, solar panels cost about 2.83 per watt on average. To account for the typical energy usage of the average home in Lisbon Falls, most homeowners require a 5.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $10,697, or $15,297 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar system you want to get, your solar contractor and more. For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Lisbon Falls see about $16,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar panel company in Lisbon Falls for a custom estimate.
Solar savings over time in Lisbon Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-10,632 |
| 3 years | $-10,481 |
| 5 years | $-10,330 |
| 7 years | $-10,179 |
| 9 years | $-10,028 |
| 11 years | $-9,877 |
| 13 years | $-9,726 |
| 15 years | $-9,575 |
| 17 years | $-9,424 |
| 19 years | $-9,273 |
| 21 years | $-9,123 |
| 23 years | $-8,972 |
| 25 years | $-8,821 |
Top Solar Installers in Lisbon Falls
When making the switch to solar, many homeowners prefer to go with a solar installation company since DIY solar panel installation can be a difficult project. A solar installer can also help save you money in the long run by offering warranties, repairs and system component replacements.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
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
There are a number of factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the price of solar panels in Lisbon Falls, 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 usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,830 for each additional kilowatt you need. The model of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond 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 falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Lisbon Falls to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Lisbon Falls, you'll have many options to choose from, but each comes at various price points for labor and equipment. The company's size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes 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 | $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
Since the kind of solar panels and the company you choose considerably influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Before you sign a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: The kind of solar panel you need plays a role in which installer you should go with, since different companies have access to different panels.
- Reputation: Well-established companies likely have a good 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 support, 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
How much does it cost to install solar panels in Lisbon Falls?
The average cost of solar panels in Lisbon Falls 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 model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Lisbon Falls?
A solar panel system isn't free in Lisbon Falls, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Lisbon Falls?
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 utility bills.
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 higher 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.
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.