Over 19,000 New Hampshire homeowners* have already gone solar, and for good reason! Installing solar can give you the freedom to keep your home running during the day, while batteries can store excess energy to use after the sun sets. Even in the event of a power outage, you can remain connected. It is a quickly growing market, and there is potential to save on your monthly energy bill. By installing solar you can invest into your home and potentially increase its property value.
New Hampshire offers the Renewable Energy Generation Incentive Program, a rebate program for residential renewable electric generating systems with a generating capacity rated at 10kw or under. The Renewable Energy Property Tax Exemption permits cities to offer exemptions from local property taxes for certain renewable energy installations. New Hampshire is also one of the few states that offers Renewable Energy Certificates (RECs), which are energy commodities that can be sold to electrical utilities. Certain New Hampshire utilities offer net metering, which provides solar owners with credits when they generate excess electricity that is sent back to the power grid.
New Hampshire homeowners are also eligible for the Solar Investment Tax Credit (ITC).*** The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.
New Hampshire has some of the most expensive electricity rates in the nation.* This is in part due to high time of use rates (TOU). Electricity is the most expensive when you really need it. Rather than pay the varying rates, you can run off of sunshine during the day. At night, you can power your home using batteries. This can help prevent you from using power from the grid. You may only have to pay the minimum bill.
Power outages may become more common as the New Hampshire population increases. Harsh winds and storms can cause unforeseen outages, while other outages may be scheduled. Schedules or not, outages are inconvenient. If you have a solar system with batteries you don’t have to worry about being left in the dark. Your batteries will help you stay powered. Talk to your dealer about what batteries are right for your system.
New Hampshire is an outdoor escapade filled with zip lines, rafting, snow sports, and trails. Many homeowners go solar to preserve the outdoor beauty of the state. By going solar, you reduce greenhouse gas emissions from your environment. If you can reduce your use of traditional fossil fuels, you can preserve your state for future generations.
No one likes being surprised by a giant electric bill! Time of use (TOU) billing rates make your monthly bill even more of a guessing game. With solar, your solar payments remain the same during the term of your loan, and you can avoid using expensive energy from the grid.
If you ask your neighbors, some of them have already gone solar to build equity. Going solar may add value to your home and may help it sell faster. The average New Hampshire home is currently valued at $330,976, that is a 12.4% annual increase from last year.* Keep up with the rising home values, especially if you want to sell in the future.**