Solar Savings Calculator for Portland, ME
Homeowners in Portland pay an average of $158/month for electricity through Central Maine Power. With 4.1 peak sun hours per day, solar panels can significantly reduce your energy costs.
$158
Avg Monthly Bill
22.8¢/kWh
Electricity Rate
4.1h/day
Peak Sun Hours
$54,662
Est. 25-Year Savings
Calculate Your Savings in Portland
Adjust Your Details for Portland, ME
$
$50$1,000
50010,000
5¢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
$1,896
Payback Period
6 years
25-Year Savings
$54,662
Return on Investment
481%
* Estimates based on 4.1 peak sun hours/day in Portland, 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 Portland
Utility & Permits
- Utility Company
- Central Maine Power
- Permit Cost
- $350
- Permit Timeline
- 3-5 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 Portland, 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.
Other Cities in Maine
More Solar Tools for Portland
Portland Solar IncentivesAll available tax credits and rebatesPortland Cost ComparisonSolar vs. grid costs over 25 yearsPortland System SizingHow many panels your home needsPortland Permits & RegulationsLocal permit requirementsIs Solar Worth It in Portland?Data-driven analysis for your cityPortland Financing OptionsCompare loans, leases, and PPAs
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