New Hampshire may not be sunny; it only receives 67.61% of sunlight and average annual sunlight: 3,891 kJ/m² compared to top states. Due to this, New Hampshirites pay some of the highest electricity rates in the nation.
But did you know New Hampshire is a leader in renewable energy in the state's robust Renewable Portfolio Standards (RPS)? According to the standards, New Hampshire must produce 24.8% of its energy from renewable sources by 2025. If the criteria are not met, utilities will face substantial penalties, which create a powerful motivation for them to provide solar incentives.
New Hampshire has a ton of solar incentives and rebates that property owners can utilize. Find out more about how you can benefit from going solar with New Hampshire solar incentives!
Carve-outs require that a certain percentage of the generation used to meet the renewable portfolio standards (RPS) come from distributed generation (DG). The solar carve-out in New Hampshire is a modest 0.3%.
Electric rates in New Hampshire are among the highest in all states—no wonder many people there adopt renewable energy. Investing in solar power becomes more financially beneficial with high electricity rates.
Strong net metering laws are a bonus in New Hampshire as a part of its solar incentives. Net metering links renewable energy generators to the public utility, enabling customers to offset their utility bills by earning credits. Solar installations smaller than 1 megawatt in New Hampshire qualify for solar bill credits. Eversource's solar incentives are excellent.
Property owners with difficulty paying energy bills can benefit from the state's low-income financing program. Combining financing assistance with a solar lease or loan can be an innovative and effective method of adopting solar power.
Interconnection standards are rules for linking solar and other electrical generation systems to the grid. They simplify installation and typically reduce costs, which improves the dependability of net metering. In New Hampshire, these standards are satisfactory and apply throughout the state.
New Hampshire has a variety of solar incentives for property owners going solar. The state has generous rebate programs for solar power, and systems up to 10 kW in size are eligible.
An installed solar system generally raises the value of a home, but in New Hampshire, you can keep paying the exact property tax. The state exempts properties from the "solar bump." Local businesses can also take advantage of this incentive, which provides fantastic solar benefits for the commercial sector to explore solar energy.
In addition to the generous solar incentives, rebates, and exemptions in New Hampshire, you can also qualify for a substantial tax credit from the Federal government. With the Residential Clean Energy Credit (formerly called the ITC or Investment Tax Credit), you can decrease the cost of your PV solar energy system by 30&. Note that the ITC is only applicable to those who purchase their PV system outright (either with a cash payment or a solar loan) and that you must have adequate income for the tax credit to be meaningful (unless you are a tax-exempt entity, in which case you may qualify for a direct payment).
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