Are you considering making the switch to solar energy in the beautiful state of New Hampshire? You're on the path to not only greener living but also substantial financial advantages. Let's explore the numerous benefits of going solar in the Granite State, taking into account upfront fees, net metering policies, and the appealing options of solar leases and Power Purchase Agreements (PPAs).
Are you considering making the switch to solar energy in the beautiful state of New Hampshire? You're on the path to not only greener living but also substantial financial advantages. Let's explore the numerous benefits of going solar in the Granite State, taking into account upfront fees, net metering policies, and the appealing options of solar leases and Power Purchase Agreements (PPAs).
One of the most significant stumbling blocks when considering solar energy is the initial upfront investment. But fear not, as New Hampshire offers a variety of incentives that sweeten the deal. Some of them are:
This incentive offers a $200 rebate per installed kW, capping at 30% of your system's cost or $1,000, whichever is lower.
Certain utility companies provide net metering, a mechanism enabling you to sell surplus energy produced by your panels back to the electric company. This surplus energy credits your bill, offering potential savings.
Eversource rewards customers with solar storage setups, compensating them for allowing the utility to use their storage during peak demand hours.
Secure a property tax exemption as a reward for going solar. This exemption safeguards against property tax increases stemming from your solar panel installation.
On the federal level, the Investment Tax Credit (ITC) extends a helping hand by offering a tax credit for a portion of your solar installation costs. These incentives empower you to embark on your solar journey with a lighter financial burden.
In addition to this, the average solar payback, which refers to the amount of time for solar panels to pay themselves, is 9 years compared to the national average of 12 years.However, the transition to solar on the state is still slow, being in the 37th place for solar energy adoption position.
Many New Hampshire residents worry about the above-average snowfall in the area and wonder if snow coverage will reduce panel efficiency. Added to this, there are only 90 bright days per year in New Hampshire. However, this shouldn’t be a concern.
Although solar energy relies on the sun, there’s no need for long sunny days to adopt solar panels in your home, and in fact they can low your energy savings. You can click here to read a full article about how solar panels work in different weather conditions.
As you contemplate the switch to solar energy in New Hampshire, consider the array of benefits awaiting you. Financial incentives and tax credits ease the financial load, making solar an attractive and viable option. Net metering policies empower you to save on energy bills while reducing your grid dependence. Solar leases and PPAs offer affordability, maintenance relief, and predictable energy costs, all contributing to a greener future.
The journey to embracing solar power in New Hampshire is one that promises environmental responsibility and financial prudence. As you bask in the state's natural beauty, harness the power of the sun to illuminate your home and your life. Make the change today, and join the solar revolution sweeping across the Granite State.
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