Are solar panels worth it in New Hampshire?

Solar panels are worth it in most areas, including New Hampshire. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S.

Is solar a good investment in New Hampshire?

New Hampshire ranks 41st in the country for solar panel installations, and when residents find out that the average price of solar panels in NH is far higher than the national average on a per-watt basis, many wonder if solar is a worthwhile investment.

Should you go solar in New Hampshire?

New Hampshire’s electricity rates are the second highest in the country as of this publication, so it’s little wonder that more homeowners in the Granite State are considering going solar. New Hampshire residents may be able to save thousands of dollars annually from high electricity bills by adding solar panels to their homes.

How much does a 5 kW solar system cost in New Hampshire?

While a 5 kW system will only cost you $16,326 in New Hampshire, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill. Are solar panels worth it in New Hampshire?

Is New Hampshire a solar-friendly state?

New Hampshire is certainly not the most solar-friendly state, but there are still some federal and state solar incentives that make going solar more affordable and more appealing. One of the most promising solar incentives is the federal tax credit, commonly called the ITC.

Do solar panels reduce energy bills in New Hampshire?

When solar panels produce electricity for your home, they can reduce the energy you pull from the grid, thus lowering your bills. Because residents of New Hampshire spend an average of $120.01 per month on energy bills, their savings from solar can amount to $1,440 per year.