New Hampshire Solar Programs & Incentives
New Hampshire Homeowners Pay The Second Highest Electric Rates in the United States and The Highest Rates in New England
The good news is New Hampshire homeowners can take advantage of federal and state solar incentives to make going solar more affordable. Here’s some more good news: the majority of our NH customers find themselves saving 30-50% on what they previously were spending on electricity before going solar.
Learn more about the programs and incentives available for New Hampshire homeowners on this page or click below to schedule your home’s solar assessment.
New Hampshire Solar Incentives and Rebates
1. Federal Solar Investment Tax Credit:
As of 2022, a federal tax incentive covers 30% of the overall expenses for solar installations, making solar panel systems more economically feasible than in previous years for NH homeowners. Although homeowners traditionally use this tax benefit when they buy a solar system, it also can be applied to reduce the monthly lease rate, making solar panel leasing more attractive and affordable.
2. New Hampshire Local Renewable Energy Property Tax Exemption:
Many New Hampshire municipalities offer property tax exemptions that exclude the added value of the solar panel system from the home’s value for tax purposes. However, the solar tax exemption value varies by city or town. Check with your municipality or the New Hampshire Department of Energy to learn if your city or town offers the property tax exemption.
3. New Hampshire Net Metering:
When your solar panels generate more energy than your home consumes, NH homeowners who go solar receive a credit on their electricity bill. New Energy Metering can eliminate the need for additional battery storage because this credit will apply when your home requires more energy than the solar panels may be producing. However, a homeowner can include a solar battery as part of the installation for extra peace of mind as a backup or for blackouts.