15 Best Solar Companies in Salem, NH (Sep 2022 Review)

The Cost and Benefits of Solar in Salem

When deciding on a solar company, most homeowners or business owners care about the costs the most. Some important factors that dictate how much it will cost to install solar panels on your home and how much money you could save over time are:

• Electricity consumption: The average home in Salem doesn't use much energy, and therefore may not see as many savings on their power bills.
• The amount of sunlight your roof gets: If your roof gets limited direct sunlight, your solar system won't be able to produce as much energy, which will leave you with lower savings on energy bills than a house with a roof that gets a lot of sunlight.
• The model of solar panel system you can afford: This depends on your income and budget.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can take advantage of. In addition, you can save about $19,000 over 20 years on your utility bills, not including incentives.

Although a solar panel system costs a good 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, including the size of your house and your energy consumption.

Solar Incentives in Salem

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make going solar more financially viable and accessible. There are several federal, state and local rebates and tax credits that can earn you anywhere from 26% to 50% of your money back after paying for a solar panel system. Take a look at the table below to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Salem

If you're planning on adding solar panels to your home, one of the principal reasons why may be to lower your carbon footprint. But — how much exactly can you help by using solar power? If your household consumes lots of energy, you can help the environment even more by switching to solar power. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 40 pounds each year. If you care about the environment, you'll most likely understand that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.