15 Best Solar Companies in Northwood, NH (Mar 2023 Review)

The Cost and Benefits of Solar in Northwood

The cost of putting up a solar panel system has decreased greatly in the past few years, but it's still a large investment for most homeowners. Some significant things that determine how much it will cost and how much you could save include:

• Energy consumption: Installing a solar system may be a high-cost investment for homes that don't consume too much energy per month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $21,000 over 20 years with your solar panels, too.
• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• The cost of electricity in your area: If your local utility rates are quite high, there's a good chance you'll see a higher return on your investment in solar panels. In Northwood, you can save an average of $89 a month on your electricity bills.

Though a solar panel system costs a good chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, including the angle of your roof and your current power bills.

Solar Incentives in Northwood

Since solar power is more sustainable than traditional energy sources, there are some government incentives in place to encourage people to make the switch. On top of the federal solar investment tax credit, there are also some local programs, which in the majority of cases, can be claimed in addition to the federal incentive, so you can save even more. Take a look at our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Northwood

If you're considering adding solar panels to your home, one of the principal reasons why may be to reduce your carbon dioxide emissions. But how much can using solar energy instead of traditional energy actually affect the environment? One thing that can dramatically influence your carbon footprint is your commute time and how much you drive altogether. If you install solar panels and drive an electric car, you can significantly lower your carbon dioxide emissions by charging your car at home. While making solar panels emits carbon dioxide, the panels make up for it by greatly decreasing the amount of CO2 you would have produced if you still used traditional energy. In Northwood, you can reduce your carbon footprint by 40 pounds a year with solar panels. The benefits of solar power are plentiful — just like solar power is! That's why so many people have been happy with committing to solar.