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

The Cost and Benefits of Solar in Merrimack

We understand that for most homeowners, the decision to invest in solar rests on installation costs. The cost and possible savings vary depending on some key factors such as:

• Your current electric bills: Solar panels can greatly lower, or entirely eradicate, your utility bills. In Merrimack, you can save an average of $83 a month.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings 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 lower your taxes by 26% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. Additionally, you can save about $19,000 over 20 years on your utility bills, without incentives.
• How much electricity your home consumes: Households that consume a lot of energy each month may call for more solar panels and, as a result, more upfront cost, but will also benefit more over time.

Due to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Merrimack

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over several years because of lower utility bills and government incentives. In addition to the federal tax credit incentive, there are also some local benefits, which in most cases, stack with the federal incentive, so you get to save even more. In the table below, you can read about the incentives you qualify for in Merrimack.

Environmental Impact of Switching to Solar in Merrimack

Installing solar panels is a great way to do what you can for a more environmentally-friendly future. But how much can switching to solar actually help the environment? Using green energy for electricity instead of burning fossil fuels is an impactful way to reduce your carbon footprint if you want to help reduce Merrimack's fair level of greenhouse gas emissions. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. Since solar power is renewable and makes electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help the planet.