How to Maximize Savings with Maine’s Solar Incentives (2025)
Maine Solar Savings Guide
Investing in solar energy in Maine can lead to substantial savings, thanks to various federal and state incentives. Here’s a breakdown of the key programs available to help reduce the cost of solar installations:
1. Federal Solar Investment Tax Credit (ITC)
Purpose: Provides substantial tax relief for solar installations.
Benefit: The Federal Government offers a tax credit that covers 30% of a solar system’s overall cost. The credit is a dollar-for-dollar credit against your personal income taxes. The entire amount can be claimed in one year and it will come back on the following tax return.
2. Maine Solar Property Tax Exemption
Purpose: Prevents an increase in property taxes due to the added value from solar installations.
Benefit: The added value from a solar energy system is exempt from property tax assessments, ensuring homeowners don’t face higher taxes after installation.
3. Net Energy Billing (Net Metering)
Purpose: Allows homeowners to receive credits for excess electricity generated by their solar systems.
Benefit: For every kilowatt-hour (kWh) of surplus energy sent back to the grid, homeowners receive a kWh credit. These credits can offset future electricity bills on a one-to-one basis. Unused credits can roll over month-to-month but expire after 12 months.
4. Efficiency Maine Renewable Energy Programs
Purpose: Offers rebates and financing options for renewable energy projects, including solar installations.
Benefit: While specific rebates for solar installations may vary, Efficiency Maine provides various incentives and loan programs to support renewable energy adoption.
5. Solar for All Grant Program
Purpose: Expands access to solar energy for low-income and disadvantaged households.
Benefit: Maine received a $62 million grant from the U.S. Environmental Protection Agency to provide financial and technical assistance, enabling broader access to solar energy and supporting workforce development in the clean energy sector.
Get a Free Quote Today
Contact us today for a free quote to see how we can help create savings on our energy bills.