18 Best Solar Companies in Merrimack, NH (Sep 2022 Review)

The Cost and Benefits of Solar in Merrimack

The cost of installing a solar panel system has dropped significantly in the past few years, but it's still a significant investment for most homeowners. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Your income and budget: This guides what type of solar panels you can purchase.
• How much energy costs for you: The average household in Merrimack shells out around $1,000 a year on home energy use alone, so you could be looking at that much in savings.
• Energy consumption: Solar may be an expensive option for families that don't need a lot of energy each month.
• Incentives: One thing that can save you money on 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 money on your utility bills, which can give you an average of $19,000 of savings over 20 years.

There are lots of great benefits of solar even with the initial cost of installation. It can help the planet and your wallet. Plus, it can boost the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Merrimack

Although solar power is typically a $15,000 to $25,000 investment, it can save you much money over the lifespan of your solar panels due to smaller utility bills and government incentives. You 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 pair the ITC with other state and city rebates and benefits. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Merrimack

Going solar can have a beneficial effect on the environment. But how much can installing solar panels actually affect the environment? The average person has a substantial carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions every year, and powering their home, it can be overwhelming to figure out what to do. Switching to solar is one of the easiest things you can do to help. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good alternative to traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. For people who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.