Solar Panel Cost Guide in New Gloucester, ME (2024 Update)
- New Gloucester Solar Installation Cost: $13,948
- 25-Year Savings: $12,247
- Payback Period: 15.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated February 03, 2024
Why you can trust EcoWatch
Average Cost of Solar Panels in New Gloucester
We break down average solar pricing in New Gloucester.
In New Gloucester, solar panels cost about 4 per watt on average.The average solar panel system size in New Gloucester is around 5.2 kilowatts, meaning a cost of about $13,948 for a solar installation, or $19,946 before the 0 federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in New Gloucester depending on a few factors, such as the model of solar panels you choose and the solar installer you hire.With average savings of about $16,000 on electricity bills over 20 years, many homeowners in New Gloucester find going solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar company in New Gloucester for a quote for your home.
Solar savings over time in New Gloucester
Year | Return on Investment |
---|---|
1 years | $-12,810 |
3 years | $-10,534 |
5 years | $-8,257 |
7 years | $-5,981 |
9 years | $-3,704 |
11 years | $-1,428 |
13 years | $849 |
15 years | $3,125 |
17 years | $5,402 |
19 years | $7,678 |
21 years | $9,955 |
23 years | $12,231 |
25 years | $14,508 |
Top Solar Installers in New Gloucester
Trying to install solar panels by yourself can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, 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.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- 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
- 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 New Gloucester
Factors that Affect Solar Panel Costs in New Gloucester
While the average cost of a solar system in New Gloucester is $13,948, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important 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 — cost more upfront but also tend to offer higher efficiency. In a city like New Gloucester, where sunlight is relatively 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
Most solar installers in New Gloucester provide solar loans, which reduce your upfront costs of installing solar panels.Even though solar loans make adopting solar energy more accessible for New Gloucester 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 solar installer you pick will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that has the products, warranties and services you want and also is within your budget.
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 | $9,301 | 16.0 years |
8 kW | $3.88 | $21,706 | $12,827 | 15.7 years |
10 kW | $3.80 | $26,600 | $16,565 | 15.4 years |
12 kW | $3.72 | $31,282 | $20,517 | 15.1 years |
14 kW | $3.65 | $35,750 | $24,681 | 14.8 years |
16 kW | $3.57 | $40,006 | $29,058 | 14.5 years |
18 kW | $3.50 | $44,050 | $33,648 | 14.2 years |
20 kW | $3.42 | $47,880 | $38,451 | 13.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best National Provider
SunPower
- 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
- 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 New Gloucester, ME Solar Cost FAQs
How much does it cost to install solar panels in New Gloucester?
The average cost of solar panels in New Gloucester 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 things such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in New Gloucester?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.