Solar is one of the best investments Maine homeowners can make in 2025. Even with snow and long winters, Maine is one of the top-performing solar states for ROI, thanks to net metering, high electric rates, and strong federal incentives.
Let’s break down the facts and help you decide whether solar makes sense for your home or business this year.
1. Net Metering Works Year-Round
Maine’s net metering lets you earn credit for excess electricity your panels produce. In the summer, you’re likely to overproduce—those credits roll forward to cover your winter bill.
It’s like storing solar power without needing expensive batteries.
2. 30% Federal Tax Credit (ITC)
The federal solar tax credit covers 30% of your total system cost, including labor, materials, and permitting.
Example:
- System cost = $25,000
- 30% credit = $7,500 back on your taxes
That’s real money back—and it reduces your breakeven time significantly.
3. High Electric Rates in Maine
CMP and Versant have some of the highest utility rates in New England—and they keep rising. Solar locks in your cost of power and protects you from future rate hikes.
Most of our customers save $1,000–$2,500 per year.
4. Strong ROI in 6–9 Years
With net metering and tax incentives, most systems in Maine pay for themselves in 6–9 years. After that, your electricity is virtually free for the remaining life of the system (15+ more years).
If you’re planning to stay in your home, the savings are significant.
5. Boosted Property Value
Multiple studies show homes with solar sell faster and for more money. Why? Because buyers want lower energy bills and don’t have to install solar themselves.
Solar is one of the only upgrades that pays you back every month and increases your equity.
6. It’s Not Just for Homes
Solar works great for:
- Nonprofits (with Direct Pay cash-back incentives)
- Churches and schools
- Commercial properties and small businesses
- Farms and rural enterprises (eligible for USDA grants)
Want to see what solar would look like for your property?