17 Best Solar Companies in Nashua, NH (Nov 2022 Review)

The Cost and Benefits of Solar in Nashua

We know that for lots of homeowners, the choice to invest in solar highly depends on installation costs. Some important things that affect the upfront cost and potential savings over time include:

• The type of solar panels you can purchase: This hinges on how much you're willing to invest upfront.
• Typical energy usage: The more energy your household uses on average and the higher your current energy bills are, the more benefits you'll see from switching to solar.
• Your energy bills: This will impact your savings. In Nashua, the average resident can save about $1,000 a year on their electricity bills.
• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $19,000 on your utility bills over 20 years excluding incentives.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the size of your house and your energy consumption.

Solar Incentives in Nashua

If you're planning on making the switch to solar power, various government incentives and subsidies can greatly bring down your project costs and speed up the return on your investment. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other state and city incentives. For more information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Nashua

Swapping traditional energy for solar is a good way to do your part for a more environmentally-friendly future. But how much can installing solar panels actually affect the environment? Your energy usage is an important factor to consider. The more energy you use, the bigger your impact when you make the switch to solar power. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used traditional energy. In Nashua, you can reduce your carbon footprint by 40 pounds a year with solar panels. Since solar energy is renewable and generates electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help preserve the environment.