18 Best Solar Companies in Loudon, NH (Feb 2023 Review)

The Cost and Benefits of Solar in Loudon

For most homeowners, whether or not you should invest in a solar energy system comes down to the cost. There are a few factors you should take into consideration when trying to figure out the overall cost and how much you can save, including:

• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can generate an average of $19,000 of savings over 20 years.
• Your household's power bills: Based on the fairly high monthly electricity bills in Loudon, you could save about $1,000 a year with solar.
• Your home's orientation toward the sun: This, along with how your roof is set up, affects affect how much power your solar panels can produce.
• 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.

Thanks to the cost of solar panels being lower than before as well as several solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Loudon

Because solar power is better for the environment than fossil fuels, there are quite a few government incentives in place to encourage people to make the switch. These incentives mostly include cash rebates, tax breaks and/or performance-based incentives. They can reduce how much you pay for going solar by 30%, upwards of 50% in some cases. Check out our article on solar incentives to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Loudon

There are a few key reasons why homeowners are interested in solar energy: to put more money in their bank account and to help the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Loudon, though. The amount of energy you use is a significant factor to think about. The more power you use, the bigger your impact when you make the switch to solar power. While solar panel production emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Loudon, you can reduce your carbon footprint by 40 pounds a year with solar panels. Since energy from the sun is abundant and makes electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help the environment.