16 Best Solar Companies in Chester, NH (Sep 2022 Review)

The Cost and Benefits of Solar in Chester

Although solar panels can save you a good amount of money on utility bills over time, it's important to consider the upfront costs. Some significant things that influence the upfront cost and potential savings over time include:

• Your home's power bills: Because of fairly high monthly electricity bills in Chester, you could save about $1,100 a year with solar.
• The type and model of solar panels you're thinking of getting: More high-tech panels have higher prices, so that will shape your budget for your solar project.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can benefit from. Plus, you can save about $21,000 over 20 years on your utility bills, not including incentives.
• How much power your household consumes: Homes that consume plenty of power each month may call for more solar panels and, as a result, be more costly, but will also enjoy more savings over time.

There are several great benefits of solar even with the upfront cost of installation. It can help the Earth and your finances. Additionally, it can increase the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Chester

Switching to solar power has many wonderful benefits. Not only can it help preserve the planet, but you can also save a decent amount of money on your installation with various government incentives. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there may often be some local incentives that you can use to further save. The table below shows you the incentives you can take advantage of in Chester.

Environmental Impact of Switching to Solar in Chester

There are a few important reasons why many people are interested in solar energy: to help their wallet and the environment. Something many homeowners might be asking themselves is how much can they really help the environment by switching to solar power anyway? In a place like Chester where commute times can be very long, going solar can help offset some of your carbon dioxide emissions from being on the road a lot. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good alternative to traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 40 pounds each year. As you can see, investing in solar has so many other rewards beyond saving money. One of the primary ones is that you can help save the environment too.