Sunny New Hampshire is a great state to install solar panels, generate energy, and enjoy saving your family budget. To make the purchase easier from the start, take advantage of solar incentives in New Hampshire.
Key takeaways
- New Hampshire is a perfect place to generate clean energy and lower the bills you pay at any time of year. And multiple incentives available to companies and average homeowners can make this idea even better.
- Federal Tax Credit (ITC) offers a 30% tax credit on the total cost of solar system installation.
- Investor-owned utilities and electric cooperatives offer net metering. Credits for excess energy sent to the grid. Eversource, NHEC, and Unitil: Credit rollover for credits below 600 kWh, varying credit values. Interconnection fees vary by system size (e.g., free for Eversource systems <80 kW, $500 for larger systems).
- New Hampshire Rebate Program is a Residential Renewable Electrical Generation Rebate Program. $0.20 per watt, up to $1,000 or 30% of total system cost, whichever is less.
- Systems ≤ 10 kW. Requires two applications (Step 1 and Step 2) and vendor registration.
- Renewable Energy Property Tax Exemption is an exemption on added property value from solar systems. Property value increases by approximately 4%. Requires DRA Form PA-29. Program administration varies; check with the New Hampshire Department of Energy.
- Solar Easements are written agreements to protect solar access. Voluntary contracts between property owners. Protects against shading from trees or structures. Must be a written and legal contract.
Save 30% of your PV system cost with Federal Solar Tax Credit
The US government wants more people to go solar: it’s a modern and green way of getting energy. This is why the Solar Investment Tax Credit (ITC) program was developed. It allows American citizens to claim 30% of the cost of their installation as an income tax deduction. The cost here is not only solar panels but also shipping, installation expenses and more. For example, if your system overall made you spend $10,000, the government returns you $3,000. To claim the ITC, complete all the necessary forms and submit them when filing your taxes.
Sell excess electricity with Net Metering Program
Solar laws in New Hampshire allow customers of investor-owned utilities and electric cooperatives to join Net Metering programs. This gives solar owners an opportunity to put excess electricity into the utility grid instead of storing it in batteries. When you sell your solar power to the grid, you receive credits that can be used to offset your next bills.
There are several utilities providing Net Metering in New Hampshire – Eversource, NHEC, and Unitil. They all let you carry your earned credits over if below 600 kWh, but the credit value differs. Also, there are various interconnection fees depending on the size of your solar system. With Eversource, connection to the grid will be free, if your system is under 80 kW and will cost $500 if more.
Save up to $1,000 with New Hampshire rebate program
Any homeowner in New Hampshire whose solar system is 10kW or less can apply for the Residential Renewable Electrical Generation Rebate Program. The program pays $0.20 per watt of the nominal system’s capacity up to $1,000 or 30% of the total facility cost, whichever is less. In order to apply for the program, you have to fill out two applications: Step 1 and Step 2. Before submitting the second application it is recommended to register as a vendor of New Hampshire.
Raise your property value but not your taxes
The Renewable Energy Property Tax Exemption program in New Hampshire allows its residents who have invested in a solar energy system to avoid paying additional property taxes on the added value they bring to their homes. Any such home improvement will definitely make it about 4% more valuable on the property market, says the Zillow report. Property owners must fill out the DRA Form PA-29 in order to claim the exemption. However, the program is not administered across the state so make sure to check with the New Hampshire Department of Energy if you qualify.
4%
this is how much solar panels increase the value of your house
Solar Easements will protect your solar panels from shade
A solar easement contract is a written agreement between you and another party, for example, your neighbor. This type of contract helps to ensure that your PV system will always have adequate sun exposure, protecting you from potential obstacles. It is voluntary, but cannot be canceled unless a specific clause is included in the document. Any such agreement must be created in written form and must meet the general requirements for legal contracts.
Top 10 myths about solar
Let's clear up some misunderstandings about solar panels, because many people have questions and some incorrect ideas. Knowing the truth will help you decide if solar power is a good choice for your home.
1. Myth: Solar panels only work in places with constant, intense sunshine
Truth: While it's true that direct, strong sunlight allows solar panels to produce the most electricity, they don't depend entirely on it. Solar panels generate power from daylight, not just direct sunlight. This means they can still produce electricity even when it's cloudy, although they'll produce less. Also, modern solar panels are designed to function well in a variety of temperatures. In fact, sometimes they work a little better when it's cool. So, regardless of whether you live in a region known for its sunny weather or one that experiences frequent cloud cover, solar energy can still be a practical and valuable option.
2. Myth: Installing solar panels is too expensive for most people
Truth: The initial cost of installing a solar panel system might seem high. However, it's important to consider the long-term financial benefits. The price of solar panels has decreased significantly in recent years, making them more affordable than ever. Moreover, there are various programs that can help you pay for them. The government might offer tax credits or rebates, which can substantially reduce the upfront costs. Over the lifespan of a solar system, which is typically 25 years or more, the savings from reduced or eliminated electricity bills often outweigh the initial expense. Additionally, if your system is connected to the grid, you can sometimes sell excess energy back to the utility company, which further reduces your electricity costs.
3. Myth: Solar panels require constant and difficult maintenance
Truth: Solar panels are actually very low-maintenance. Their design, with no moving parts, minimizes the risk of mechanical failures. Typically, the primary maintenance involves occasional cleaning to remove dirt, dust, or debris that might block sunlight. In many cases, natural rainfall is sufficient for cleaning. Furthermore, modern solar panels are built to withstand harsh weather conditions, including hail, snow, and strong winds, which reduces the need for frequent repairs or replacements.
4. Myth: Solar panels will damage the roof of my house
Truth: When installed correctly by qualified professionals, solar panels pose minimal risk to your roof's integrity. Reputable installers use secure mounting systems and proper sealing techniques to prevent leaks or other potential damage. In some cases, solar panels can even provide an extra layer of protection against the elements, extending the roof's lifespan.
5. Myth: Solar panels don't produce enough electricity to make them worth it
Truth: Solar panel efficiency has significantly improved in recent years. While it's true that no solar panel can convert 100% of sunlight into electricity, modern panels can convert a substantial portion. Ongoing advancements in solar technology are continually improving efficiency rates, making solar energy an increasingly viable and effective power source.
6. Myth: Installing solar panels means I won't need electricity from the power company anymore
Truth: For most homeowners, installing solar panels means connecting to a grid-tied system. This allows you to draw electricity from the grid when your solar panels aren't producing enough, such as during nighttime or periods of low sunlight. Conversely, when your solar panels generate excess energy, you can often sell it back to the grid through net metering programs, creating a balanced relationship with your local utility company. True off-grid systems require robust battery storage solutions, which can significantly increase the overall cost.
7. Myth: The solar panel installation process is complicated and takes a very long time
Truth: The installation process is generally straightforward, particularly when handled by experienced solar installers. From obtaining the necessary permits to installing the panels and connecting them to your electrical system, most residential solar installations can be completed within a few days. Professional installers handle the complexities, making the transition smooth for the homeowner.
8. Myth: Solar panels are ugly and make houses look bad
Truth: While older solar panels might have been bulky and visually unappealing, modern panels are sleek and aesthetically pleasing. Many manufacturers offer options that blend seamlessly with various architectural styles. Ground-mounted solar systems also offer an alternative for homeowners concerned about rooftop aesthetics.
9. Myth: People who rent their homes can't benefit from solar energy
Truth: While traditional rooftop solar installations are typically reserved for homeowners, renters can still access the benefits of solar energy through community solar programs. These programs allow individuals to subscribe to a share of a larger solar farm, receiving credits on their electricity bills for their portion of the energy produced.
10. Myth: Selling a home with solar panels is difficult and lowers its value
Truth: Studies have shown that homes equipped with solar panels often command higher resale values and sell faster than comparable homes without them. Solar panels are increasingly viewed as a valuable asset, enhancing a home's appeal to environmentally conscious and cost-conscious buyers.
Check out solar panels near you!
Looking to build a home solar system? Check out solar panels that we have for sale in New Hampshire
SHOP SOLAR PANELSYears of experience in translation and a love of nature help Julia find the right words to encourage going solar. She joined the team in 2023 and is happy to make her contribution to a greener future.
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