18 Best Solar Companies in Stratham, NH (Aug 2022 Review)

The Cost and Benefits of Solar in Stratham

Even though solar panels can help save you a decent chunk of change on energy bills over time, it's important to take into consideration the startup costs. Some key things that determine how much it will cost and how much you could save include:

• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 26% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• Energy consumption: Installing a solar system may be too pricey an investment for households that don't need too much energy per month.
• Your power bills: This will influence how much you can save. In Stratham, the average homeowner can save about $950 a year on their electricity bills.

Due to solar panels decreasing in cost as well as several solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Stratham

To increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar more affordable and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 26% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. For detailed information about local incentives, see the table below.

Environmental Impact of Switching to Solar in Stratham

One of the reasons so many people are thinking of going solar is to help lower their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Stratham, though. In a city like Stratham where commute times can be very long, installing solar panels can help offset some of your carbon dioxide emissions from being on the road a lot. Once you go solar, your carbon emissions can be reduced by about 40 pounds a year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.