18 Best Solar Companies in Wolfeboro, NH (Mar 2023 Review)

The Cost and Benefits of Solar in Wolfeboro

Although solar panels can save you money on energy over time, it's important to consider the upfront costs. Some important factors that affect how much it will cost to install solar panels on your home and how much it could save you over time include:

• Energy consumption: Installing a solar system may be a high-cost option for homes that don't need a good amount of energy per month.
• The model of solar panels you're thinking of getting: More efficient models cost more, so that will affect your budget for your solar project.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can benefit from. Additionally, you can save about $21,000 over 20 years on your utility bills, not including incentives.
• Your energy bills: This will influence how much you can save. In Wolfeboro, the average resident can save about $1,100 a year on their electricity bills.

As a result of solar panels decreasing in cost as well as several solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Wolfeboro

In order to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more affordable and accessible. There are quite a few federal, state and local rebates and tax credits that can earn you a decent amount of money in return after installing a qualifying system. Our article on solar incentives has more information on the incentives you can find in Wolfeboro.

Environmental Impact of Switching to Solar in Wolfeboro

A lot of people want to do their part for the environment, which in many cases is the main reason for installing a solar system. But you may be wondering — how much exactly can you help the planet by going solar? Going solar is an impactful choice for the environment, because the biggest source of greenhouse gas emissions in the U.S. is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 40 pounds each year. As you can see, trading traditional energy for solar has so many other perks apart from saving money. One of the major ones is that you can help save the planet too.