Solar Panel Cost Guide in Paris, ME (2023 Update)
- Paris Solar Installation Cost: $10,915
- 25-Year Savings: $11,720
- Payback Period: 12.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Paris
Let's take a look at the average cost of solar in Paris.
The average cost of a solar panel system in Paris is 2.83 per watt. To cover the typical energy usage of the average home in Paris, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $10,915, or $15,608 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. Even with the large upfront cost, the average Paris homeowner can save around $16,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a vetted solar installation company in Paris, you can click the button below.
Solar savings over time in Paris
| Year | Return on Investment |
|---|---|
| 1 years | $-10,010 |
| 3 years | $-8,199 |
| 5 years | $-6,388 |
| 7 years | $-4,578 |
| 9 years | $-2,767 |
| 11 years | $-956 |
| 13 years | $855 |
| 15 years | $2,666 |
| 17 years | $4,476 |
| 19 years | $6,287 |
| 21 years | $8,098 |
| 23 years | $9,909 |
| 25 years | $11,720 |
Top Solar Installers in Paris
When going solar, many homeowners choose to go with a solar installer since installing a solar system yourself can be a challenging project. Companies can also have access to quality options of the best solar panels and help you pick which one will be best for your home.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers in Paris:
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 Paris
Factors that Affect Solar Panel Costs in Paris
There are a number of criteria 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 performs the installation.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,830. The kind of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, 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 researching a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Paris, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Paris is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for instance, you'll have many options for solar installers that provide a range of services for different budgets. Additionally, some companies in Paris have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $2.94 | $12,361 | $12,300 | 12.5 years |
| 8 kW | $2.89 | $16,165 | $16,717 | 12.3 years |
| 10 kW | $2.83 | $19,810 | $21,292 | 12.0 years |
| 12 kW | $2.77 | $23,297 | $26,026 | 11.8 years |
| 14 kW | $2.72 | $26,625 | $30,919 | 11.6 years |
| 16 kW | $2.66 | $29,794 | $35,969 | 11.3 years |
| 18 kW | $2.60 | $32,805 | $41,179 | 11.1 years |
| 20 kW | $2.55 | $35,658 | $46,547 | 10.8 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
- Installation Process: When going solar, it's essential to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the completion timeline.
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 Paris, ME Solar Cost FAQs
How much does it cost to install solar panels in Paris?
The average cost of solar panels in Paris 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Paris?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Paris?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.