Maine vs New Mexico Solar Comparison
New Mexico gets more sun (6.2 hrs/day) while Maine has the faster payback (7.5 years).Maine offers higher 20-year savings at $40,200.
Maine
3.8 hrs
7.5yr payback
$40,200
20yr savings
New Mexico
6.2 hrs
7.5yr payback
$36,800
20yr savings
Side-by-Side Comparison
| Metric | Maine | New Mexico |
|---|---|---|
| Peak Sun Hours | 3.8 hrs | 6.2 hrs |
| Cost per Watt | $3.30 | $2.80 |
| 6kW System Cost | $19,800 | $16,800 |
| Federal Tax Credit | 30% | 30% |
| State Tax Credit | None | 10% |
| State Rebate | None | None |
| Net Metering | Full Net Metering | Full Net Metering |
| Electricity Rate | 26.37¢/kWh | 15.34¢/kWh |
| Payback Period | 7.5 years | 7.5 years |
| 20-Year Savings | $40,200 | $36,800 |
Verdict
Maine is the better state for solar ROI with $40,200 in 20-year savings and a 7.5-year payback period. New Mexico has more sun exposure at 6.2 hrs/day, making it ideal for maximum energy production. Both states qualify for the 30% federal solar tax credit.
Frequently Asked Questions
Is solar better in Maine or New Mexico?
New Mexico gets more sun (6.2 peak hours/day vs 3.8). Maine has a faster payback (7.5 years) and Maine offers higher 20-year savings ($40,200).
How do solar costs compare between Maine and New Mexico?
A 6kW system costs $19,800 in Maine vs $16,800 in New Mexico before incentives. Both qualify for the 30% federal tax credit.
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Data verified March 2026 · Source: NREL, DSIRE, EIA