Solar Savings Calculator for Auburn, ME

Homeowners in Auburn pay an average of $150/month for electricity through Central Maine Power. With 4 peak sun hours per day, solar panels can significantly reduce your energy costs.

$150
Avg Monthly Bill
22.5¢/kWh
Electricity Rate
4h/day
Peak Sun Hours
$51,319
Est. 25-Year Savings

Calculate Your Savings in Auburn

Adjust Your Details for Auburn, ME

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
5.6 kW
Panel Count
14 panels
Total System Cost
$16,240
Federal Tax Credit (30%)
-$4,872
Net Cost
$11,368
Annual Savings
$1,800
Payback Period
6.3 years
25-Year Savings
$51,319
Return on Investment
451%

* Estimates based on 4 peak sun hours/day in Auburn, ME, system cost of $2.9/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Auburn

Utility & Permits

Utility Company
Central Maine Power
Permit Cost
$300
Permit Timeline
2-4 weeks
Net Metering
full

System Estimates

Recommended Size
5.6 kW
Panel Count
14 panels
Gross Cost
$16,240
Net Cost (after credits)
$11,368

Available Incentives for Auburn, ME

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

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