Solar Panel Cost Guide in Lisbon, ME (2024 Update)

  • Lisbon Solar Installation Cost: $14,377
  • 25-Year Savings: $11,928
  • Payback Period: 15.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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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 Lisbon

We go over average solar pricing in Lisbon.

The average cost of a solar panel system in Lisbon is 4 per watt.Since a 5.4-kW system is needed to cover the energy consumption of a typical home in Lisbon, the average price of going solar will be about $14,377 after claiming the federal solar tax credit of 0.

Keep in mind that the figures above are only estimates based on the average energy use of Lisbon homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Despite the large upfront cost, the average Lisbon homeowner can save around $16,000 on their energy bills over 20 years, which is one of the positives of solar.

To see your potential ROI and connect with a local solar installer, click the button below.

Solar savings over time in Lisbon

Year Return on Investment
1 years $-13,239
3 years $-10,962
5 years $-8,686
7 years $-6,409
9 years $-4,133
11 years $-1,856
13 years $420
15 years $2,697
17 years $4,973
19 years $7,250
21 years $9,526
23 years $11,803
25 years $14,079

Top Solar Installers in Lisbon

When going solar, many homeowners opt to go with a solar installer since handling can be a time-consuming project. Some solar companies, especially local ones, can help you better understand incentives in Lisbon, optimizing your ROI.

If you’d like to make the switch to solar but still aren’t certain which solar panel company to go with, here are our suggestions for providers in Lisbon:

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 Lisbon

Factors that Affect Solar Panel Costs in Lisbon

Even though the average cost of a solar system in Lisbon is $14,377, your final cost may be above or below the average. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,800 per kilowatt in Lisbon.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Lisbon, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Lisbon homeowners opt to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.

Solar Panel Installation Company

The solar panel installation company you select will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.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 add-on services like electric vehicle 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 $8,529 16.5 years
8 kW $3.88 $21,706 $11,797 16.2 years
10 kW $3.80 $26,600 $15,279 15.9 years
12 kW $3.72 $31,282 $18,973 15.6 years
14 kW $3.65 $35,750 $22,880 15.2 years
16 kW $3.57 $40,006 $27,000 14.9 years
18 kW $3.50 $44,050 $31,332 14.6 years
20 kW $3.42 $47,880 $35,878 14.3 years

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Contract: Before you sign a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
  • 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.
  • Solar Panel Brands: Different companies will have different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
  • Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.

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 Lisbon, ME Solar Cost FAQs

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

The average cost of solar panels in Lisbon 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 certain factors like the kind 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 Lisbon?

Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.

Is it worth going solar in Lisbon?

Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.

How often do you have to replace solar panels?

On average, solar panels can last 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.

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