A Guide to New Hampshire Solar Panels

Solar Panels

Whether you are considering installing solar panels on your home, or looking for financial incentives, the State of New Hampshire is a great place to start. The state has more than 100 policies promoting renewable energy production. These policies can provide homeowners with a significant amount of financial relief. In addition, the state offers tax credits and rebates, so you can save money on the purchase of your panels.

The average cost of a residential nh solar panels system in New Hampshire is $12,556, after the 30% federal solar tax credit. However, the cost will vary based on the area where you live. The good news is that solar prices have dropped nearly eighty percent in the last decade. Additionally, New Hampshire’s net metering law will continue to subsidize solar costs into the future. New Hampshire is an excellent place to install solar panels, especially for home owners that need to reduce their energy bills.

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In New Hampshire, solar panels are most beneficial in areas that receive plenty of sunlight. As solar panels depend on the sun for energy production, they require bright, direct sunlight to produce energy. The sunshine in New Hampshire is more than enough to make solar energy feasible for most homeowners. However, you should be aware of other factors that can negatively impact the amount of energy you can generate. For instance, the direction and shading on the roof will limit the amount of energy you can produce, so it is best to choose a south-facing roof. However, it is possible to install solar panels on a west-facing roof as well.

A Guide to New Hampshire Solar Panels

Solar panels can be an excellent way to boost the value of your home. According to Zillow, a solar power system will add about four percent to a home’s value. That’s an additional $17,154 to the average home in New Hampshire. But this value is only available to homeowners who purchase their solar panels outright, or pay cash for them.

New Hampshire is another state that got solar right. It passed the Renewables Portfolio Standard in 2007, which includes a statewide rebate program that lowers the upfront cost of solar. The state also has a strong renewable energy mandate, making solar energy an excellent investment for New Hampshire homeowners. Its solar energy mandate has helped the state become one of the leaders in renewable energy use.

In addition to financial incentives, New Hampshire has excellent net metering laws. This means that if you produce more electricity than you consume, you can get a credit on your next bill. New Hampshire offers the fifth-highest solar rebates in the country. These rebates range from $750 per kW to $3750, with some local co-ops offering additional rebates.

In addition to the tax credits and rebates, New Hampshire residents can benefit from the federal solar tax credit. This credit is equal to 26% of the cost of a solar panel system, and it is applied to federal income taxes that you owe in the year of installation. New Hampshire homeowners can also enjoy net metering, which allows them to sell excess solar energy to their electricity provider.

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