New Hampshire’s residential electricity rates vs. the national average.1
New Hampshire’s solar price drop over the last five years.2
Four out of five homes in New Hampshire get their heat from fossil fuels.3
New Hampshirites pay some of the highest electricity rates in the nation.1 Choosing a New Hampshire solar company like Sunrun to create and store your own solar power won’t just give you more control over electric bills. As the nation’s leading home solar and energy storage company,4 we also work so you can protect your home from outages and reduce your carbon emissions while ensuring you get the most out of the state’s solar incentives.
Incentive |
Value |
Federal Solar Investment Tax Credit (ITC)** |
The 26% federal tax credit is available for purchased home solar systems installed by December 31, 2022.5 |
Residential Renewable Electrical Generation Rebate Program |
Cash incentive in the purchase of a new solar panel system in New Hampshire. (Max. rebate level: $1,000)6 |
Local Renewable Energy Property Tax Exemption |
Several New Hampshire municipalities offer property tax exemptions that exclude the added value of the solar panel system from the home’s value for tax purposes. (Solar tax exemption value varies by city or town.)7 |
Find out if You Qualify for New Hampshire Solar Incentives |
Buy and install a new home solar system in New Hampshire in 2021, with or without battery storage, and qualify for the 26% federal solar tax credit. The residential ITC drops to 22% in 2023 and ends in 2024.5
Approximate average-sized 5-kilowatt (kW) solar array cost in New Hampshire: $14,814 Approximate solar energy system cost in New Hampshire after the 26% ITC in 2021: $10,9638
The New Hampshire Public Utilities Commission (PUC) offers qualifying state residents a $200 rebate for every kW of solar power they install in their home up to $1,000, or 30% of the total purchase cost of their New Hampshire solar installation, whichever is less.6
If you live in a city or town in New Hampshire that has adopted the Renewable Energy Property Tax Exemption, purchasing a home solar system (thermal or photovoltaic) won’t increase your property taxes.7See the map of municipalities in New Hampshire that offer a renewable energy system property tax exemption.
Installing solar panels in New Hampshire could also help you build home value.
On top of these excellent solar incentives, our solar lease and purchase plans, with or without a home battery, start at $0 down. Also, Eversouce, New Hampshire Electric Cooperative (NHEC), Unitil, and other utilities’ net energy metering (NEM) programs let you earn credits on your bill for the excess solar energy you generate and send back into the grid.9,10,11 With net metering in New Hampshire, you could save money on your electricity bills.
Did you know that Sunrun is one of the best solar installers in New Hampshire? Don’t just take our word for it: See what people say about us. If you’re ready to take the next step, use our Product Selector or request a free quote to get one-on-one service from our expert Solar Advisors through a safe, socially-distanced virtual consultation.
The federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax. The 26% federal solar tax credit is available for home solar systems installed by December 31, 2022. In 2023 the residential tax credit will step down step down to 22%. In 2024, the tax credit for residential solar ends.
DISCLAIMERS:
*Customer’s ability to monetize rebates, incentives, and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a home solar system from Sunrun.
**We recommend contacting a tax professional to most accurately determine the impact of the solar Investment Tax Credit (ITC) on your federal taxes.