11 Best Solar Companies in Newmarket, NH (Mar 2023 Review)

The Cost and Benefits of Solar in Newmarket

The cost of putting up solar panels has dropped immensely in the past few years, but it's still a large investment for most homeowners. Some key things that determine the cost and possible savings include:

• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more 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.
• Typical energy usage: The more energy your home consumes on average and the larger your current energy bills are, the more money you could save by making the switch to solar.
• Your current power bills: Solar panels can noticeably lower, or completely eliminate, your utility bills. In Newmarket, you can save an average of $83 a 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 on your power bills, which can result in an average of $20,000 of savings over 20 years.

So are solar panels worth it? Whether you want to reduce your energy bills, greenhouse gas emissions or both, solar panels are a great investment for many Newmarket homeowners.

Solar Incentives in Newmarket

There are lots of reasons why adopting solar power is beneficial. One of them consists of some government incentives that can save you money. Local solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power, in addition to the federal solar tax credit. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Newmarket

If you're planning on adding solar panels to your home, one of the main reasons why may be to reduce your greenhouse gas emissions. But you may be curious — how much exactly can you help the environment by going solar? One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In Newmarket, the average household can lower their carbon footprint by 40 pounds a year once they go solar. As you can see, using solar power has so many other rewards beyond saving money. One of the most important ones is that you can help save the environment too.