15 Best Solar Companies in Gilmanton, NH (Mar 2023 Review)

The Cost and Benefits of Solar in Gilmanton

Even though solar panels can save you a good amount of money on power bills over time, it's important to take into consideration the upfront costs. There are quite a few factors you should consider when determining the overall cost and how much you can save, including:

• How much sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panels won't be able to produce as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets a lot of sunlight.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more 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.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can take advantage of. In addition, you can save about $21,000 over 20 years on your utility bills, before factoring in incentives.
• How much energy costs for you: If your local power rates are quite high, there's a good chance you'll get a higher return on your investment in a solar panel system. In Gilmanton, you can save an average of $89 a month on your electricity bills.

Due to solar panels decreasing in cost as well as local and federal solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Gilmanton

There are several reasons why you should switch to solar. One of them consists of some government incentives that can save you money. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that stack with the ITC too. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Gilmanton

One of the best reasons to use solar power is to reduce your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. You may be trying to figure out — how much do solar panels do for the environment anyway? The average person has a considerable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions every year, and electricity for their home, it can be overwhelming to figure out what to do. Installing solar panels is one of the easiest things you can do to help. In fact, if you make the switch to solar power, you could lower 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.