Maine Solar Panel Rebate

Solar panels have fallen in price by more than 80 in the last ten years. They offer a return well above the long term average return from both the share market and also property investment. Maine state energy tax credits maine does not offer state solar tax credits.

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Solar electric systems qualify for a 26 federal tax credit in 2020.

Maine solar panel rebate.

Efficiency maine is not currently offering rebates for solar projects. Efficiency maine offers a 50 rebate each for the purchase of energy star certified clothes washers and room air purifiers. Click here for a registry of independent solar installers. This applies to both residential and commercial solar pv systems.

Solar electric or photovoltaic pv systems convert sunlight into electricity. Contact us or call 207 464 8084 today. Solar electric or photovoltaic pv systems use the sun to produce electricity. There may still be other local rebates from your city county or utility.

There is no current solar rebate program available to maine residents. Maine used to have a small rebate program for homeowners who installed solar panels on their homes. Unfortunately that rebate program has gone the way of the great auk. Learn more about solar rebates.

This credit is a dollar for dollar tax credit and will reduce the amount of tax owed by the system owner before any deductions are applied. The state will also help finance your purchase of a solar energy system with a relatively inexpensive loan. As a credit you take the amount directly off your tax payment rather than as a deduction from your taxable income. Are solar panels worth it in maine.

Maine does not currently offer rebates for solar electric systems. The amount of power generated by a pv system depends on the size of the system and how much sunlight reaches it. Efficiency maine continues to process rebates and project applications. Find out more here.

Our staff and support teams are available to help you and our operators are standing by to explain our programs or to give you an update on a pending. See program website here for the mail in rebate forms. Interested in learning more about our process and what it takes to go solar in maine. Maine has multiple solar programs and policies in place to make going solar easy in vacationland.

What are the best solar programs and rebates in maine. All of maine can take advantage of the 26 federal tax credit which will allow you to recoup 26 of your equipment and installation costs for an unlimited amount. Unfortunately maine offers no state solar power rebates however the federal rebate for installed solar systems is 30. In 2020 they also remain subsidized by the 26 federal tax credit and the net metering law making them an excellent investment.