15 Best Solar Companies in Salem, NH (Jan 2023 Review)

The Cost and Benefits of Solar in Salem

Even though solar panels can help save you a good amount of money on energy over time, it's important to consider the startup costs. The cost and possible savings vary depending on a few important factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $19,000 over the first 20 years with your system, too.
• Typical energy usage: The more electricity your household uses on average and the higher your current electricity bills are, the more benefits you'll see from making the switch to solar.
• Average daily sunlight: Since Salem gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your solar panels can save you on your electricity bills.
• The kind of solar panels you're planning on getting: More efficient models have higher prices, so that will determine your budget for your solar project.

Solar is a rewarding investment for most homeowners. You can produce your own electricity instead of paying for it from the grid and benefit from solar incentives and rebates, all while helping the planet.

Solar Incentives in Salem

In an effort 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 30% to 50% of your money back after paying for a solar panel system. Take a look at our article on solar incentives to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Salem

Many want to do what they can to help protect the environment, which in many cases is the prime motivation to install solar panels. You may be trying to figure out — how much does making the switch do for the planet anyway? How much energy you use is a significant factor to consider. The more power your household consumes, the larger your impact when you go solar. While solar panel production emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Salem, you can reduce your carbon footprint by 40 pounds a year with solar panels. As you can see, investing in solar has so many other perks beyond saving money. One of the primary ones is that you can help save the environment too.