Parking in Boston’s most elite neighborhood may be a little easier after the Boston Transportation Department installs new solar-powered parking meters on Newbury Street that will allow parkers to pay using a credit card, debit card or dollar bills.

The department is currently installing 23 new parking meters to replace 163 old ones, according to Jim Mansfield, director of constituent services for the Boston Transportation Department.

The new meters, manufactured by Parkeon, are being installed on the four blocks of Newbury Street between Exeter and Arlington streets. Each Parkeon meter will manage eight parking spaces and accept Mastercard or Visa cards, dollar bills and coins. The machines will also operate in English, Spanish and French, Mansfield added.

Mansfield said the switch to the new parking meters was “primarily done for customer convenience.” He said the new machines make parking easier for drivers and the city.

According to Mansfield, customers pre-pay at the machine and receive a receipt with a peel-off back. Using the adhesive backing, parkers tape the receipt to the front windshield on the passenger-side. The receipt tells exactly what time the parking is due to expire.

The parking meters will still cost 25 cents for every 15 minutes — the same rate as the old meters — with a two-hour time limit. However, the new system will no longer allow drivers to use time left by previous occupants.

“Meter maintenance will greatly be reduced, and we will know when it’s time to change paper or if there is a problem with the meter,” Mansfield said, adding that the new parking meters send wireless transmissions that notify the Transportation Department when it requires maintenance.

Stefan Bieri, owner of Teuscher Chocolates of Switzerland, said he hears people complain about parking every day in his Newbury Street shop. Bieri said the most common problem people face is finding quarters to fill the meters. He said he hopes the new parking system will encourage more business for the street.

Bieri added he was optimistic the new parking meters will increase the turnover of cars, which would allow more customers, adding that the new meters would offer more flexibility for spontaneous shoppers

“Not everyone goes shopping with a roll of quarters,” Bieri said.

Parkeon is a French company that manages more than three million parking spaces worldwide. The company signed a $10 million contract with Boston late September for the installation of 1,000 parking terminals over the course of three years, according to a posting on parking-net.com by Parkeon Business Manager Michael Kavur.

Parkeon has already supplied other U.S. cities with new parking machines, including New Orleans.

Newbury Street is the first place in Boston to receive the new parking machines.