New Hampshire is embracing solar energy with attractive incentives for residents in 2024. The state offers a combination of tax credits, rebates, and policies to make solar installation more affordable and beneficial.
Key Incentives:
Federal Solar Investment Tax Credit (ITC)
26% tax credit on installation costs
Set to decrease to 22% in 2025 and phase out for residential projects by 2026
New Hampshire Residential Solar Incentive Program
$0.20 per watt rebate, up to 10kW
Capped at $1,000 or 30% of system cost
Renewable Energy Property Tax Exemption
Solar installations exempt from increasing property taxes
Net Metering
Earn credits for excess energy sent back to the grid
Renewable Portfolio Standard (RPS)
Mandates 25.2% of state electricity from renewables by 2025
Benefits of Going Solar in NH:
Reduced electricity bills
Environmental protection
Support for local green economy
Energy independence
Despite its northern location, New Hampshire receives ample sunlight to make solar viable. The state’s incentives, combined with decreasing technology costs, create a favorable environment for solar adoption.
To maximize benefits, residents should obtain personalized quotes from reputable installers. These quotes will account for specific factors like energy usage, roof orientation, and local weather patterns.
As federal incentives may decrease in coming years, 2024 presents an opportune time for New Hampshire residents to invest in solar energy.
Would you like me to elaborate on any specific aspect of the solar incentives or benefits in New Hampshire?