16 Best Solar Companies in Derry, NH (Jun 2022 Review)

The Cost and Benefits of Solar in Derry

The cost of putting up solar panels has decreased significantly in the past few years, but it's still a significant investment for most homeowners. Some key things that determine the upfront cost and potential savings over time include:

• Electricity consumption: The average household in Derry doesn't use much energy, and so may not see as many savings on their power bills.
• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Your power bills: This will dictate your savings. In Derry, the average resident can save about $1,100 a year on their electricity bills.
• Incentives: Those who buy and install a solar energy system this year can save 26% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $21,000 on your utility bills over 20 years excluding incentives.

Even though a solar panel system costs a good 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, like the amount of daily direct sunlight available and your energy consumption.

Solar Incentives in Derry

There are several reasons why adopting solar power is beneficial. One of them includes some government incentives that can save you money. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially use the ITC with other local incentives. For detailed information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Derry

Switching to solar energy can have a positive impact on the environment. You may be asking yourself — how much does making the switch help the environment anyway? In a city like Derry where commute times can be very long, going solar can help help reduce the carbon footprint of driving a lot. In Derry, the average person can lower their carbon footprint by 40 pounds a year after going solar. Since solar energy is renewable and generates electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help protect the environment.