Solar Panel Cost Guide in Yarmouth, ME (2023 Update)

  • Yarmouth Solar Installation Cost: $10,380
  • 25-Year Savings: $12,255
  • Payback Period: 11.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 04, 2023

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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 Yarmouth

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

In Yarmouth, solar panels cost about 2.83 per watt on average. The average Yarmouth homeowner needs a 5.2-kilowatt system, which would cost about $10,380 with the federal tax credit, or $14,843 before the 30% tax credit is applied.

The true cost of your system can go higher or lower than the average in Yarmouth depending on a variety of factors, such as the kind of solar panels you choose and the solar company you hire. Despite the large upfront cost, the average Yarmouth homeowner can save about $16,000 on their energy bills over 20 years, which is one of the advantages of solar.

Click the button below to get connected to a highly rated solar installer in your area for a custom quote.

Solar savings over time in Yarmouth

Year Return on Investment
1 years $-9,475
3 years $-7,664
5 years $-5,853
7 years $-4,043
9 years $-2,232
11 years $-421
13 years $1,390
15 years $3,201
17 years $5,011
19 years $6,822
21 years $8,633
23 years $10,444
25 years $12,255

Top Solar Installers in Yarmouth

DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring an installer can make converting to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.

There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Yarmouth

Factors that Affect Solar Panel Costs in Yarmouth

Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Yarmouth: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Yarmouth, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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

Most solar installers in Yarmouth offer solar loans, which reduce your upfront costs of installing solar. Even though solar loans make going solar more accessible for Yarmouth homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The last key cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Yarmouth, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Yarmouth have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 $13,538 11.9 years
8 kW $2.89 $16,165 $18,367 11.7 years
10 kW $2.83 $19,810 $23,355 11.5 years
12 kW $2.77 $23,297 $28,502 11.2 years
14 kW $2.72 $26,625 $33,807 11.0 years
16 kW $2.66 $29,794 $39,270 10.8 years
18 kW $2.60 $32,805 $44,892 10.6 years
20 kW $2.55 $35,658 $50,673 10.3 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:

  • Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
  • Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before deciding.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Yarmouth, ME Solar Cost FAQs

How much does it cost to install solar panels in Yarmouth?

This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $14,150 for a 5-kW system and $28,300 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Are solar panels free in Yarmouth?

You can't get solar panels for free in Yarmouth. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.

Is it worth going solar in Yarmouth?

Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.

How often do you have to replace solar panels?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using 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.

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