New Hampshire is lush, beautiful, and green. New Hampshire has grown the solar industry through a strong RPS, excellent net metering program, and low-income financing options. New Hampshire’s electricity average cost is 18.74 cents/kWh, one of the highest in the country. According to the Energy Information Administration (EIA) New Hampshire’s residents are paying more than 35% higher electricity rates compared to the national average. Moreover, the electricity demands are increasing continuously, increasing the pressure on the power grid working over time. Switching to solar can be an answer to a majority of the electricity issue. A modern, resilient energy system can reduce your utility bills, minimize carbon emission, and produce genuinely renewable energy.
Why solar in New Hampshire?
New Hampshire solar panel system is the solution to NH’s present energy crisis.
New Hampshire energy system needs innovation and a complete overhaul. NH has one of the highest utility rates in the country. Not only that, the state produced more per capita carbon emissions and greenhouse gas per person than other neighboring states. Expanding solar in New Hampshire will lower utility costs and reduce greenhouse gas emissions. Solar promises a solution to the energy crisis currently facing our state.
New Hampshire's climate is ideal for solar energy production.
New Hampshire climate supports solar energy production. It enjoys on average 198 sunny days annually. The temperature ranges from 80.1° to 9.3°, which makes it perfect for harnessing solar energy.
New Hampshire solar panel system is affordable.
The average cost of New Hampshire solar panel installation ranges from $13,515 to $18,285. On a cost per watt ($/W) basis, a solar panel installation in New Hampshire ranges in price from $2.70 to $3.66.Furthermore, in New Hampshire, the average solar payback period is 9.98 years.
A dedicated effort is made to make the New Hampshire solar panel system affordable. The user can enjoy more long-term value for money if the New Hampshire solar panel is purchased in cash. The user can also explore PPAs, solar lease, and solar loans.
What solar panels should I install in Connecticut?
The user can customize their solar panels according to their needs and demands. They can choose the batteries and aesthetic of the installation. The customizability increases the importance of understanding the various factors that can impact the solar panel’s performance. The solar panel with warranties and premium performance is more expensive. On the other hand, an in-depth analysis is required if high-efficiency solar panels and warranties can fit your needs.
How much energy can users generate in Connecticut?
Your solar panel performance depends on the quality and quantity of sunlight directly hitting your solar panel. New Hampshire isn’t one of the sunniest states in the U.S. On average, and has 197 sunny days annually. The other factors which can have an impact on the Connecticut solar panel system include the following:
- Panel orientation
- Panel angle
Rebates and incentives
Federal Solar Tax Credit
26% federal solar tax credit is available for home solar systems installed by December 31, 2022
Property Tax Exemption
Property tax exemption on added home value from solar system
Variable (Net Metering)
Federal Investment Tax Credit
The federal Investment Tax Credit has been one of the most impactful and reliable incentives for solar across the U.S. the user can deduct 26% of the total system cost from his/her federal taxes. This good incentive lasts until the end of 2022, and from 2023 the tax credit amount steps will decrease to 22%. The federal ITC is eliminated for residential solar installations after 2023, but commercial solar energy system owners can still deduct 10% of a retail solar system cost from their taxes beyond 2023. Apart from the federal ITC, Maryland offer additional incentives for going solar, including the following:
New Hampshire State Solar Tax Credits and Exemptions in 2021
New Hampshire also reduces your New Hampshire state taxes after installing solar. You can credit 15% of your solar installation costs, up to a $1,000 value. Any increase in your property value after New Hampshire solar system installation won’t increase your property tax, and you can save 6.25% sales tax upfront.
New Hampshire and Net Metering
The New Hampshire investor-owned utilities offer customer net metering, which allows the user to credit the excess energy produced in the bill at the retail rate of electricity. The average electricity price in New Hampshire is 49% above the national average. In addition to that, More than 40% of all New Hampshire households depend on fuel oil as their primary heating fuel. Therefore, the homeowner can enjoy a lot on their electricity bills and want a quick return on investment. Depending on the system’s size, you can save up to 100% of your electricity costs.
If you are living in New Hampshire, it is the right time to get solar. You can harness solar energy if the solar panels are getting enough sunlight. Moreover, the panels are placed in a direction where PVs can receive sunlight quickly and continuously. The number of hours the sun shines in the region is also critical. Additionally, the state is going the extra mile to offer attractions and incentives to promote solar energy. If you want to go solar in New Hampshire, wait no more. We, with our team of skilled experts, can make the process easy and convenient. Wait no more, and lets us serve you with excellence.