What Should You Pay For Solar In New Hampshire?

Find Out For Your Home Based On Recent Installations In Your ZIP

Solar power in New Hampshire

Last fact checked on July 23, 2019 by Catherine Lane

New Hampshire is a great place to go solar, thanks to the federal tax credit, a statewide net metering policy, and the Public Utilities Commission's rebate program. Combined, all of these incentives create the potential for great savings on installing a solar system. 


New Hampshire’s renewable portfolio standard provides yet another incentive for installing solar. When you register your system to generate solar renewable energy credits (SRECs), you have the ability to earn up to around $57 per megawatt hour your solar system produces.

 

Estimate your solar savings

 

Solar power in New Hampshire

New Hampshire solar power facts

$3.82
/watt

Average cost of a 5kw solar power system in 2019
Price shown before incentives

8 Years 6 Months

Average payback time

$53,661

Average lifetime savings
Price shown after repayments of capital


/kWh

levelized cost of solar energy

36¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

8,823
kWh

Annual power production

Cash flow graph based on cash purchase of a 7.7kW system

This 7.7kW system would offset 100% of your energy usage if your typical monthly bill in New Hampshire is $150, however your situation may vary so try our solar calculator to get a result tailored to you.


Solar companies in New Hampshire that provide pricing through the Solar-Estimate marketplace

5


Best solar offers currently available in your city


Solar calculator and quote comparison tool

Compare solar quotes from the top solar companies in New Hampshire

How much do solar panels cost in New Hampshire

$3.82 per watt

Cash purchased solar system
Before 30% solar tax credit

$4.21 per watt

Financed solar system
Before 30% solar tax credit

17.5¢ cents/kWh

Lease/PPA
Av. 15 year term, 2.5% price escalator

What are the pros and cons of buying solar panels for your home in New Hampshire

The advantage of installing solar panels in New Hampshire is that there is both state-based incentives and the federal tax credit. In addition, New Hampshire has expensive power. This means that the overall return on investment for an installation of residential solar panels here is one of the best in the nation. 

SolarPowerRocks provides a great breakdown of solar incentives and policy for each state within the US.

The disadvantage of installing solar panels for your home in New Hampshire is that there is less overall sunshine per year, so a solar system here will produce less electricity than a system in sunnier states, like Arizona, would. However, the available incentives more than make up for what the state lacks in sunshine, making installing solar panels in New Hampshire a great investment for homeowners. 

Enter your details to calculate the potential costs and savings you can expect when you install solar panels for your home.  

 

Best brands of solar panels

To find the best brands of solar panels you can use America's most trusted solar panel comparison and reviews website, SolarReviews.

However, reviews of solar panels can be a bit meaningless because most consumer owners have not had any issues and so whilst solar company reviews are very important when choosing solar installers they are of less use when choosing solar panels.

For more information to help you make an informed decision about this topic, I would recommend this article about buying solar panels.

 

Unlock live pricing on the best solar panel brands!

 

How much electricity will solar panels produce in New Hampshire

Solar panels produce different amounts of energy in different locations.

Around the Manchester area solar panels installed on a south facing 33 degree pitch roof will typically produce:

1,150kWh per year per 1kw of peak DC (direct current) capacity

For more information about how your location, roof direction and roof tilt affects solar power production use the solar panels calculator and enter your zipcode below.

 

See how much electricity your solar panels could produce

I want to buy a solar panel kit and install it myself

What rebates, solar tax credits and other solar incentives are available in New Hampshire?

New Hampshire Public Utilities Commission Residential Small Renewable Energy Rebate Program

The New Hampshire Public Utilities Commission offers a rebate for each watt of solar a homeowner installs on their property. For each watt installed, you receive $0.20. A typical residential solar system is around 5 kilowatts (kW) in size. For a system of that size, you can recieve $1,000!

 


 

Net metering in New Hampshire 

Solar, by its nature, generates the majority of its power during the middle of the day when most people are at work or school and little power is being used in the home. The net metering policy in New Hampshire mandates that utilities must provide a credit for every surplus kilowatt hour (kWh) generated by solar (like the excess energy your system creates during the day). These credits can be carried over from month to month. 

Customers can also choose to be paid out at the avoided cost rate. The avoided cost rate is lower than the retail rate of electricity. So although you will receive a check, if you take the on-bill kWh credits, you will end up saving more money because kWh credits are equal to the full retail value of electricity. 

 


 

Renewable portfolio standard and SRECs

New Hampshire’s renewable portfolio standard requires investor-owned utilities, cooperatives, and competitive load-serving entities to be obligated to derive a certain percentage of their energy from renewable sources. In 2019, a total of 19.7% of their energy must come from renewable sources, with 0.60% coming from solar resources. 

Utilities can meet these requirements by obtaining SRECs. If you install a solar system in your home, you can register your system to produce SRECs. Once your system generates 1 megawatt hour of solar electricity, you receive 1 SREC. From there, you can sell your SREC either directly to a utility or to an SREC aggregator.

New Hampshire’s renewable portfolio standard established alternative compliance payments, known as dollar per megawatt hour payments, that utilities would have to pay if they didn’t meet their goal. The price of an SREC in the market will never go above the alternative compliance payment, which is currently at $57.15. 

 


 

Property tax exemptions

Unfortunately, the state of New Hampshire does not have a statewide property tax exemption for renewable energy systems. However, there is a law that allows towns and cities within the state to provide property tax exemptions if they so choose. Around 80 cities have adopted a solar property tax exemption, meaning that the assessed value of a solar system on your property will not be added to your property taxes, provided you are a resident of one of these participating cities. 

 

New Hampshire Solar Calculator

Regardless of what you want to know about the economics of installing solar panels for your home or business in New Hampshire we have a solar calculator that can show you exactly the information your require.

 

You can either use our full monthly solar calculator that shows you everything you could possibly want to know or you can use one of our range of smaller calculators for specific solar calculations that focus on providing you only with the specific information you require.

 


 

What you can find out about installing solar panels in New Hampshire using our full monthly solar calculator

This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:

If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.

 

Unlock live pricing in your state!

 

Solar calculator

Going solar in New Hampshire

Check out all of the ways energy providers of New Hampshire can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Residential Small Renewable Energy Rebate Program State Rebate Program
Net Metering State Net Metering
Local Option - Property Tax Exemption for Renewable Energy State Property Tax Incentive
Find your local rebates and incentives

Your city may have further incentives to offer. Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.