12 Best Solar Companies in Amherst, NH (Mar 2023 Review)

The Cost and Benefits of Solar in Amherst

The cost of putting up solar panels has decreased significantly over the past few years, but it's still a substantial investment for most homeowners. Some significant things that influence how much it will cost and how much you could save include:

• How much energy your home consumes: Households that use plenty of electricity each month may need more solar panels and, therefore, be more expensive, but will also save more on their energy bills over time.
• The cost of energy for you: If your local power rates are quite high, there's a better chance you'll get a higher return on your investment in a solar panel system. In Amherst, you can save an average of $83 a month on your electricity bills.
• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your utility bills, which can generate an average of $19,000 of savings over 20 years.

Thanks to solar panels decreasing in cost as well as various solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Amherst

In order to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make solar more economically viable and accessible. When you install solar panels, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. Take a look at our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Amherst

Switching to solar energy can have a positive impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Amherst, though. If your family uses lots of energy, you can have an even greater impact on the planet by switching to solar power. Once you go solar, your carbon emissions can be reduced by about 40 pounds a year. As you can see, trading traditional energy for solar has so many other benefits apart from saving money. One of the main ones is that you can help save the Earth too.