Incentives and Pricing
Electricity rates in New Hampshire have spiked dramatically during 2022 and rates are now the 2nd highest in the country. Luckily, there is a cost effective solution: solar! Solar energy is today the most cost-effective way for homes, businesses, and institutions in New Hampshire to get control over their energy bills and lock in a reliable cost of energy from a proven solution: the sun.
It may not seem it in the midst of a winter storm, but New Hampshire actually receives quite an incredible amount of solar energy each year – in fact, a full 33% more sunshine than Germany, a world leader in solar energy adoption. Our climate may be cold, but cold is actually good for solar panels. In the brisk but sunny fall and spring, solar panels in New Hampshire will produce a disproportionately high amount of power, helping to make up for any power loss due to solar panels being covered in snow.
New Hampshirites going solar have a few options, the most popular is a grid-tied solar electric array. ‘Grid-tied’ means that the system will connect to the public utility grid, providing reliable backup power for when there is insufficient sun to power your home, such as at night or on cloudy days. Conversely, a grid-tied system also sells excess power to the grid, meaning, when it is sunny and your system is producing more solar power than you can use, you’ll send the power back to the public grid, powering your neighbor’s house and earning you a credit. The solar credits you earn can be used against future power consumption from the grid.
Most of the systems we design will meet close to 100% of a home’s needs in a given year. In the summer, you will tend to produce more power than you need and you will earn a credit. In the winter, you will tend to need more power than you produce and so you’ll consume those solar credits. At the end of the year, you should be at or close to zero credits in the solar bank, a situation we call ‘net zero’ (not to be confused with ‘off-grid,’ which means not using the utility grid at all!).
There are so many reasons to transition to solar power (we explore in great detail the top ten reasons here). However, we'll keep it brief:
In addition to a top net-metering program, New Hampshire offers a series of solar incentives and tax credits for homeowners looking to save money on their electric bill by transitioning to a clean energy home. Through the state’s Residential Renewable Electrical Generation Rebate Program, qualifying residents can receive rebates for their PV systems. You can receive $0.20 per watt up to $1,000 or half the cost of your solar systems.
Tax credits and exemptions are also available, including the federal solar investment tax credit (ITC) of 30%. New Hampshire also offers a financing program for low-income households through their Home Energy Assistance Program (HEAP).
When the sun is shining, your solar system is generating clean solar energy, which is used in real time to power your lights, refrigerator, TV, etc. Any excess energy produced goes out to the electric grid, where it’s used to power other homes in your neighborhood. With net-metering, the utility provides credits to the homeowner for that exported energy, which the homeowner can then use during times of low production (i.e. nighttime). Typically in New Hampshire, most homes over-produce during the summer, so you will stock up on credits that you can then use during the winter when the days are shorter.
Yes! ReVision Energy is able to offer solar loans for no money down, with monthly payments the same as or lower than your current electric bill. When you start the process of planning your solar energy system with our team, we will cover all the financing details with you.
Fill out the form below to get in touch with our Solar Advisor team. We'll set up a solar site evaluation and help answer any questions about your solar journey.
Absolutely no obligation, no pushy salespeople, just high-quality information on whether your home or business is right for solar, and what the next steps would be.
An essential step in designing a solar array is an evaluation of your electric needs. Uploading all pages of a recent electric bill will help jumpstart the process and lead to a more meaningful conversation when we connect with you!