15 Best Solar Companies in Peterborough, NH (Oct 2022 Review)

The Cost and Benefits of Solar in Peterborough

The cost of putting up a solar panel system has decreased significantly over the past several years, but it's still a large investment for most homeowners. There are quite a few factors you should take into consideration when trying to figure out the overall cost and how much you can save, including:

• Your household's power bills: Based on the fairly high monthly energy bills in Peterborough, you could save about $1,000 a year with solar.
• The amount of sunlight your area gets: Due to Peterborough's relatively low amount of average daily sunlight, you might not see as many savings on your electric bills.
• The model of solar panels you're thinking of getting: More high-tech panels are more costly, so that will shape your budget for your solar project.
• 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. Aside from incentives, you can save an average of $19,000 over the first 20 years with your solar panels, too.

As a result of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Peterborough

One of the great things about installing a solar panel system is earning federal and potentially state incentives. On top of the federal tax credit incentive, there are also some local benefits, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. The table below shows you the incentives you can take advantage of in Peterborough.

Environmental Impact of Switching to Solar in Peterborough

One reason so many people are thinking of installing solar panels is to help reduce their environmental impact. But how much can switching to solar actually affect the environment? In a place like Peterborough where commute times can be pretty long, using solar power can help help reduce the carbon footprint of being on the road a lot. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good alternative to traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. As you can see, trading traditional energy for solar has so many other perks beyond saving money. One of the major ones is that you can help save the planet too.