Among New Hampshire’s beautiful natural resources is the vast abundance of solar energy. Thanks to all that sunshine, homeowners in in the Granite State are saving money on their electricity bills. Learn more about the great solar energy incentives in NH in our comprehensive breakdown.
What are the top solar rebates and incentives in New Hampshire?
New Hampshire has a variety of incentives for homeowners going solar, including:
Small PV systems program
Any homeowner in New Hampshire with a solar system size of 10 kilowatts (kW) or less will qualify for the state’s incentive program for small residential solar. The program pays $0.75 per watt up to $3,750 or half the cost of the system, whichever comes first.
Local property tax exemption
In addition to saving you money on your electric bill every month, you will be exempt from paying property taxes on the additional value solar adds to your home in the state of New Hampshire. This incentive also applies to the commercial sector, offering a great incentive for local businesses to consider solar.
With the many other reasons to go solar in New Hampshire, it may be easy to forget one of the most important incentives in the state: receiving bill credits from net metering. Any solar energy installation less than 1 megawatt (MW) in size – including the vast majority of residential systems – qualifies to receive solar bill credits for sending energy back to the grid.
Other key New Hampshire solar energy programs
New Hampshire Low-Income Energy Assistance Program (LIHEAP)
The state’s low-income financing program has some great offerings for homeowners who are struggling to afford energy costs. Pairing a solar lease or loan with financing support can be a smart and efficient way to go solar – find out if you qualify.
The federal Investment Tax Credit
When comparing solar as an energy source to fossil fuels, the solar ITC is the imperative, substantive factor that tips the scales in solar’s favor. Thanks to the early extension of this national solar incentive in late 2015, every solar homeowner gets to include a 30 percent discount when calculating the cost of a solar panel installation. Just keep in mind that the ITC benefits the system owner, so you need to buy your system in cash or with a loan to qualify.