New Hampshire is known for its natural beauty and abundance of outdoor recreational opportunities, but it is also becoming increasingly recognized for its commitment to renewable energy and its many solar incentives.
These incentives make it a great place for homeowners and businesses to invest in solar energy systems, and can help to offset the initial cost of installation.
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NH Net Metering Program:
One of the most significant solar incentives in New Hampshire is the Net Energy Metering (NEM) program. This program allows solar energy system owners to earn credits on their utility bill for any excess energy they generate and send back to the grid. These credits can then be used to offset the cost of energy consumed at times when the solar system is not producing enough energy to meet the household or business's needs. This can greatly reduce the overall cost of electricity for solar energy system owners.
New Hampshire Renewable Portfolio Standard (RPS):
Another important solar incentive in New Hampshire is the state's Renewable Portfolio Standard (RPS). This policy requires that a certain percentage of the state's electricity come from renewable sources, including solar. This helps to create a market for solar energy and can make it more financially viable for businesses and homeowners to install solar systems.
Solar Investment Tax Credit (ITC):
In addition to these state-level incentives, there are also several federal tax credits and grants available for solar energy systems in New Hampshire. The federal Investment Tax Credit (ITC) allows homeowners and businesses to claim a credit of 30% of the cost of their solar energy system on their taxes. This can greatly offset the cost of installation and make solar energy more affordable.
Solar Renewable Energy Credits (SREC):
The Solar Renewable Energy Credit (SREC) program is another incentive that is available in New Hampshire. This program allows solar energy system owners to earn credits for each megawatt-hour of energy their system generates. These credits can then be sold to utilities or other entities that are required to meet renewable energy requirements. This can provide a significant financial return for solar energy system owners.
New Hampshire Solar Rebates & Grants:
New Hampshire also offers a variety of rebates and grants for solar energy systems, which can help to offset the cost of installation. For example, the New Hampshire Energy Efficiency and Sustainable Energy Board offers a rebate of up to $3,000 for residential solar energy systems and up to $12,500 for commercial systems. In addition, the New Hampshire Public Utilities Commission offers a grant program for solar energy systems, which can provide up to 50% of the cost of installation.
In addition to these financial incentives, there are also several non-financial incentives that make New Hampshire a great place to install a solar energy system. For example, the state has a strong commitment to environmental sustainability, which can make it more socially acceptable to install a solar energy system. Additionally, many of the state's residents are environmentally conscious and may be more likely to support and invest in solar energy systems.
Go Solar In New Hampshire Today!
In conclusion, New Hampshire offers a variety of solar incentives for homeowners and businesses, including net energy metering, the Renewable Portfolio Standard, and federal tax credits and grants. These incentives can greatly offset the cost of installation and make it more financially viable for residents and businesses to invest in solar energy systems. Additionally, the state's commitment to environmental sustainability, along with its many non-financial incentives, make New Hampshire an ideal place to install a solar energy system.
Enter your zip code to see if you qualify for Free Solar Installation!
Do I Qualify?
Please enter a zip code