New Hampshire Solar Incentives & Rebates | Sunnyrate
New Hampshire Solar Incentives & Rebates | Sunnyrate
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Going Solar is Simple with Sunnyrate's New Hampshire Solar Incentives and Rebates
New Hampshire may not be the sunniest state, receiving only 67.61% of sunlight compared to the top states, with an average annual sunlight of 3,891 kJ/m². This limited sunlight, combined with high electricity rates, makes solar energy an appealing option for New Hampshirites.
Did you know New Hampshire is a leader in renewable energy due to its robust Renewable Portfolio Standards (RPS)? By 2025, the state aims to produce 24.8% of its energy from renewable sources. Utilities face substantial penalties if these criteria are not met, creating a strong incentive for them to support solar initiatives.
New Hampshire offers a wealth of solar incentives and rebates for property owners. Discover how you can benefit from going solar with Sunnyrate's guidance on New Hampshire solar incentives!
New Hampshire Solar Incentives, Rebates, and Benefits
Solar Carve-Out
New Hampshire has a solar carve-out requiring a specific percentage of renewable energy generation to come from distributed generation (DG). The solar carve-out in the state is currently set at 0.3%.
High Electric Rates
With some of the highest electric rates in the nation, New Hampshire residents find investing in solar power increasingly financially advantageous.
Net Metering
New Hampshire boasts strong net metering laws as part of its solar incentives. Net metering connects renewable energy generators to the public utility, allowing customers to offset their utility bills by earning credits. Solar installations smaller than 1 megawatt qualify for solar bill credits, with excellent incentives from providers like Eversource.
Low-Income Energy Assistance Program (LIHEAP)
For property owners struggling to pay energy bills, New Hampshire offers a low-income financing program. This program, combined with a solar lease or loan, provides an innovative and effective way to adopt solar power.
Interconnection Standards
New Hampshire has robust interconnection standards that simplify the process of linking solar and other electrical generation systems to the grid. These standards reduce installation costs and enhance the dependability of net metering, applying statewide.
Solar Power Rebates
The state offers generous rebate programs for solar power systems up to 10 kW. These incentives make solar installations more affordable for property owners.
Property Tax Exemptions
Installing a solar system typically increases property value, but in New Hampshire, you won't see an increase in property taxes. The state exempts properties from the "solar bump," offering significant benefits for both residential and commercial sectors.
Don’t Forget About the Federal Tax Credit!
In addition to state incentives, New Hampshire property owners can take advantage of the Federal Residential Clean Energy Credit. This credit allows you to reduce the cost of your solar energy system by 30%, applicable if you purchase your system outright with cash or a loan. Ensure you have sufficient income for the tax credit to be meaningful, unless you are a tax-exempt entity, which may qualify for a direct payment.
Sunnyrate: Your Partner in Going Solar
Now is the ideal time to explore solar energy in New Hampshire. By taking advantage of various solar incentives and rebates, you can significantly reduce your electric bills. Trust Sunnyrate to provide expert advice and support for your solar needs. Go solar today with Sunnyrate and save on your energy costs with New Hampshire’s excellent solar incentives!
