State-Sponsored Incentives for Residential Solar
A number of state governments offer incentives, like rebates and tax credits, to individuals and businesses who purchase solar energy systems. In many cases, these incentives can significantly reduce the final installed costs of a particular project. Below, you'll find info on the programs available in New Hampshire. Also, don't forget the 30-percent federal tax credit and accelerated depreciation rules available to residents and businesses that install a solar energy system.
Finally, for a complete listing of solar energy installation professionals in your area, visit our New Hampshire Solar Directory.
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Given that New Hampshire residents are known for their wariness of tax-happy officials, perhaps it’s not surprising to learn that the state hasn’t diverted much tax revenue toward renewable energy programs. In recent years, however, New Hampshire has created a few measures aimed at promoting statewide energy efficiency and implementation of renewables.
New Hampshire does have a Renewable Energy Rebate Program, which offers residents $3 per watt DC installed with a maximum incentive of $6,000 or 50% of system costs.
The state also gives cities and towns the option to exempt renewable energy systems from increasing property tax liability. See this state website for more details.
A number of rebates for solar hot water heating systems are also available. NH Public Utility Commission offers an ARRA funded rebate of $750 for any residential hot water heater. New Hampshire Electric Coop offers 25% of installed project cost for solar water heaters, but their annual funds are limited, so it is important to double check availability. Alternatively, National Grid customers are eligible for a rebate of $3/therm based on estimated first-year savings, covering up to 50% of project costs or $100,000 as a maximum incentive.
New Hampshire Public Utilities Commission Code 900 (PDF) also allows for net metering, which ensures that homeowners will receive credit for any excess power that’s generated from their on-site renewable-energy system. Note that all New Hampshire utilities are bound by the rules.
For more information on any of these programs, check out the New Hampshire Office of Energy and Planning (OEP) website.
Last Updated: 7/2/10 New Hampshire: Residential Solar Incentives |
