Solar Savings Calculator for South Portland, ME
Homeowners in South Portland pay an average of $155/month for electricity through Central Maine Power. With 4.1 peak sun hours per day, solar panels can significantly reduce your energy costs.
$155
Avg Monthly Bill
22.5¢/kWh
Electricity Rate
4.1h/day
Peak Sun Hours
$53,409
Est. 25-Year Savings
Calculate Your Savings in South Portland
Adjust Your Details for South 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
$1,860
Payback Period
6.1 years
25-Year Savings
$53,409
Return on Investment
470%
* Estimates based on 4.1 peak sun hours/day in South 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 South Portland
Utility & Permits
- Utility Company
- Central Maine Power
- Permit Cost
- $325
- Permit Timeline
- 3-4 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 South 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
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