Solar Panel Cost Guide in Wells, ME (2025 Update)

  • Wells Solar Installation Cost: $13,737
  • 25-Year Savings: $13,291
  • Payback Period: 14.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 24, 2025

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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 Wells

Find out what the average cost of solar panels are in Wells.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Wells, the average cost of a solar system is 4 per watt.Since a 5.2-kW system is needed to cover the energy needs of a typical home in Wells, the average price of going solar will be about $13,737 after claiming the federal solar tax credit of 0.

Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of solar system you want to get, your solar contractor and more.Despite the large initial cost, the average Wells homeowner can save about $17,000 on their power bills over 20 years, which is one of the advantages of solar.

You can click the button below to get connected with a vetted solar company in Wells that can help you get a more accurate cost estimate for your home.

Solar savings over time in Wells

YearReturn on Investment
1 years$-12,598
3 years$-10,322
5 years$-8,045
7 years$-5,769
9 years$-3,492
11 years$-1,216
13 years$1,061
15 years$3,337
17 years$5,614
19 years$7,890
21 years$10,167
23 years$12,443
25 years$14,720

Top Solar Installers in Wells

Trying to install solar panels on your own can be a dangerous task, which is why getting a solar installer is a good option for many homeowners. Some solar installers, especially local ones, can help you take advantage of incentives in Wells, optimizing your ROI.

Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:

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See all of the solar companies in Wells

Factors that Affect Solar Panel Costs in Wells

There are many factors that can influence 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

When it comes to estimating the price of a solar system in Wells, 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 determine by looking at past power bills. Your overall cost can increase by about $3,800 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Wells, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.While solar loans make switching to solar energy more accessible for Wells homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The solar installer you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Wells, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.95$16,598$10,73015.2 years
8 kW$3.88$21,706$14,73214.9 years
10 kW$3.80$26,600$18,94714.6 years
12 kW$3.72$31,282$23,37514.3 years
14 kW$3.65$35,750$28,01614.0 years
16 kW$3.57$40,006$32,86913.7 years
18 kW$3.50$44,050$37,93513.4 years
20 kW$3.42$47,880$43,21413.1 years

How to Save on Solar Panels

There are a lot of companies available in Wells, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:

  • Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
  • Reputation: Make sure your solar installer has a good reputation by verifying 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.
  • Solar Panel Brands: The model of solar panel you need plays a part in which company you should go with, since different companies provide different panels.
  • Contract: Read the contract terms thoroughly to make sure you understand the overall cost, completion timeline rebates and warranties.
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EcoWatch's Wells, ME Solar Cost FAQs

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

The average cost of solar panels in Wells is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.

What other factors should I consider apart from cost when buying solar panels?

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

Do solar panels increase your property value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wells is currently $513,772, which means you could be looking at a value of about $21,065 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wells is a rewarding investment.

How long do solar panels last in Wells?

Although 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 decide to replace them once you've had 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.