How Do People Pay For Solar In Maine?
There are several ways people pay for solar in Maine: cash, solar loans, and a newer financing option that can reduce upfront costs even further. In this video, Maine Solar Solutions walks through every payment path Mainers can use to own their own solar system — so you can find the way to pay for solar in Maine that fits your budget.
In Maine, people who want to own their own systems pay for solar in three ways:
- Cash: Some homeowners choose to pay cash upfront, which is the simplest path to ownership and the fastest route to low-cost electricity.
- Solar Loans: Solar loans spread the cost over time, with monthly payments that are usually similar to what you’re already paying for electricity — with a clear path to full ownership.
- Propel Financing: Our newest program uses a prepaid Energy Services Agreement (ESA) to lower upfront costs, capture available commercial tax credits, and guarantee full system ownership within five years.
Every financing option Maine Solar Solutions offers leads to the same place: you own your system. As CMP rates continue to rise, owning your own solar system is one of the most effective ways to protect your budget and take control of your energy costs for decades to come.
Thinking about going solar? Maine Solar Solutions will walk you through every option after your free site assessment.
