Solar Rebates and Incentives
Listing of Rebates, Tax Credits, Grants, Loans and Other Incentives for Installing Renewable Energy in Maine and New Hampshire
Aggressive federal and state solar rebates and lower equipment costs make solar technology a more affordable investment than ever before for homeowners in Massachusetts, Maine and New Hampshire. Specific rebates vary based on the type of system you are interested in.
At a Glance: Solar Rebates by State/System:
|State||Solar Hot Water||Solar Photovoltaic|
|Maine||30% federal credit||30% federal credit|
|New Hampshire||30% + $1,500 avg||30% + $3,750 max|
|Massachusetts||30% + average $1,500||30% + SREC payments|
For assistance getting a solar estimate for your home, please contact us for a free preliminary proposal.
Federal Solar Incentives
- Homeowners: 30% uncapped federal tax credit on total system installed cost for solar electricity and solar thermal. No incentive for heat pumps.
- Businesses: 30% uncapped federal investment tax credit on total system installed cost for solar electricity and solar thermal. No incentive for heat pumps.
- Businesses: Accelerated depreciation available for solar investments.
State-by-State Solar Rebates
- Maine: No state programs for solar energy.
- New Hampshire:
- Residential PV: $0.75/watt up to $3,750
- Residential Solar Hot Water: Average benefit of $1,500 (based on system size)
- Commercial solar projects: Up to $50,000 or 25% system cost, whichever is less
- Residential PV: State income tax credit of $1,000, SRECs (renewable energy credits) available as an income stream
- Residential Solar Hot Water: State income tax credit and state rebate
- Commercial PV: SRECs available as an income stream
Learn More About Solar Rebates
There is a wealth of information about loans and grants available at DSIRE (Database of State Incentives for Renewables & Efficiency) - see their page for Maine solar incentives and for New Hampshire solar incentives.
Also see commercial rebates and incentives for apartment buildings, restaurants, hotels, senior living facilities, and other organizations.
Contact us with any questions about solar loans, grants, and rebates as they apply to your specific situation.