16 Best Solar Companies in Moultonborough, NH (2023 Reviews)

The Cost and Benefits of Solar in Moultonborough

The cost of installing a solar panel system has dropped significantly over the past few years, but it's still a large investment for most homeowners. A few key factors that dictate how much it will cost to install a solar panel system on your home and how much money you could save over time are:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $22,000 over 20 years on your energy bills.
• Choice of solar panels: The type of solar panels you are interested in getting 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 you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Your power bills: This will affect how much you can save. In Moultonborough, the average homeowner can save about $1,100 a year on their electricity bills.
• The amount of sunlight your area gets: Due to Moultonborough's relatively low amount of average daily sunlight, you might not see as many savings on your electric bills.

Though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, including the angle of your roof and your local electricity rates.

Solar Incentives in Moultonborough

Because solar power is better for the environment than burning fossil fuels, there are some government incentives in place to encourage people to make the switch. In addition to the federal tax credit incentive, there are also some state- and city-level benefits, which in the majority of cases, can be claimed in addition to the federal incentive, so you get to save even more. For comprehensive information about incentives for homeowners in Moultonborough, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Moultonborough

An important reason so many homeowners consider adopting solar energy is to help lower their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Moultonborough, though. An important thing to be mindful of is your overall carbon footprint. For example, if you have a long commute, your footprint may be bigger, so switching to solar power for your house can help offset that. If you go solar, your carbon emissions can be reduced by about 40 pounds every year. If you want to do your part for the environment, you'll likely find that there are many good things about adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is priceless.