Solar Panel Cost Guide in Waldoboro, ME (2025 Update)
- Waldoboro Solar Installation Cost: $14,124
- 25-Year Savings: $12,116
- Payback Period: 15.6 Years
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Average Cost of Solar Panels in Waldoboro
Here’s how much it might cost to install solar panels in Waldoboro.
The average cost of solar panels in Waldoboro is 4 per watt.Using this figure, a typical 5.3-kW system would cost about $14,124 before the 0 federal solar tax credit is applied.
Keep in mind 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 panels you want to get, your solar contractor and more.For many homeowners, the upfront cost of solar power is worth paying. On average Waldoboro homeowners see about $16,000 in savings on electricity bills over 20 years.
To get a free estimate from a vetted solar company in Waldoboro, you can click the button below.
Solar savings over time in Waldoboro
Year | Return on Investment |
---|---|
1 years | $-12,986 |
3 years | $-10,709 |
5 years | $-8,433 |
7 years | $-6,156 |
9 years | $-3,880 |
11 years | $-1,603 |
13 years | $673 |
15 years | $2,950 |
17 years | $5,226 |
19 years | $7,503 |
21 years | $9,779 |
23 years | $12,056 |
25 years | $14,332 |
Top Solar Installers in Waldoboro
Many homeowners choose to hire a solar installation company since figuring out how to install solar panels by yourself can be a lot of work. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
See all of the solar companies in Waldoboro
Factors that Affect Solar Panel Costs in Waldoboro
There are many criteria that can affect 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 panels.
Solar Equipment
The size of the solar energy system you need, 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 $3,800. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Waldoboro, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Waldoboro, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your overall costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Waldoboro is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $8,979 | 16.2 years |
8 kW | $3.88 | $21,706 | $12,398 | 15.9 years |
10 kW | $3.80 | $26,600 | $16,029 | 15.6 years |
12 kW | $3.72 | $31,282 | $19,873 | 15.3 years |
14 kW | $3.65 | $35,750 | $23,930 | 15.0 years |
16 kW | $3.57 | $40,006 | $28,200 | 14.7 years |
18 kW | $3.50 | $44,050 | $32,683 | 14.4 years |
20 kW | $3.42 | $47,880 | $37,378 | 14.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which kind 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.
EcoWatch's Waldoboro, ME Solar Cost FAQs
What is the average cost of installing solar panels in Waldoboro?
The average cost of solar panels in Waldoboro 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Waldoboro?
A solar panel system isn’t free in Waldoboro, 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 Waldoboro?
Each state has some form 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 offer you credit toward your future power bills.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.