16 Best Solar Companies in Chesterfield, NH (Oct 2022 Review)

The Cost and Benefits of Solar in Chesterfield

We get that for lots of homeowners, the decision to invest in solar hinges on installation costs. Some important things that influence the upfront cost and potential savings over time include:

• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• How much energy costs for you: If your local power rates are quite high, there's a better chance you'll see a higher return on your investment in solar panels. In Chesterfield, you can save an average of $83 a month on your electricity bills.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can use. Plus, you can save about $19,000 over 20 years on your utility bills, before factoring in incentives.
• average energy usage: The more energy your household consumes on average and the steeper your current energy bills are, the more benefits you'll see from going solar.

Although a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the size of your solar panel system and your local electricity rates.

Solar Incentives in Chesterfield

In an effort to increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar more affordable and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. For comprehensive information about incentives for homeowners in Chesterfield, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Chesterfield

One of the reasons so many people are considering installing solar panels is to help reduce their environmental impact. But you may be wondering — how much exactly can you help by making the switch to solar? One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. In Chesterfield, the average household can reduce their carbon footprint by 40 pounds a year after going solar. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.