Want to lead New Hampshire's transition to solar energy?
The great state of New Hampshire loves liberty and independence - it was the first state to declare its independence from Great Britain, the first state to vote for the Declaration of Independence, and its state motto is "Live Free or Die." Now residents of the Granite State can declare their energy independence as well by going solar with the Dividend Finance.
Reducing your carbon footprint and your reliance on traditional sources of utility power, like coal and natural gas, is a great reason to join the rooftop revolution. But that isn't the only reason going solar makes sense (and cents). Homeowners are eligible for a 26% Federal Investment Tax Credit (ITC) when they choose to go solar. This means that you can realize substantial savings through solar ownership by deducting 26% of your system's price from what you owe Uncle Sam at tax time. New Hampshire also offers a state-sponsored Renewable Portfolio Standard Program to further incentivize investments in solar energy. Plus, utility companies in the state offer Net Metering programs to compensate you for any excess energy produced by your solar system.
Home Solar in New Hampshire Is More Affordable than Ever Before
- Federal Tax credit may be available
- Renewable Portfolio Standard Program
- Sell Your Extra Production with Net Metering
How Going Solar in New Hampshire Works
Step 1: Sign up online
Step 2: Talk to a solar specialist
Step 3: Check out your custom design
Step 4: Relax during installation
Step 5: Watch your savings grow
New Hampshire is a great state to go solar and maximize your savings. Aside from saving money on your electric bill, there are two other key incentives that help solar ownership in New Hampshire make sense: 1) the 26% federal tax credit and 2) the Renewable Portfolio Standard Program
First, the federal government offers a 26% tax credit which is available in all 50 states. This credit is applied to the federal taxes you pay each year, thereby lowering the net cost of your solar system, and has been extended to last until at least 2020. This credit is a great benefit of going solar: money that you would otherwise pay in taxes can now be used to own your solar system sooner. It is important to note that you can only reap the benefits of the federal tax credit* – which can cover up to 26% of your system's cost – if you own your system directly (instead of leasing it or choosing a Power Purchase Agreement). With Dividend Finance, you own your system and you get all of the economic benefits of going solar in New Hampshire.
Secondly, through New Hampshire's Renewable Portfolio Standard Program, homeowners who generate their own electricity can generate and sell credits directly to the utility company. These credits require an Official Meter reader and averages $50-60 each (which can add up to an annual value of $500).
*Dividend Finance does not provide tax or legal advice. Please consult your tax advisor for more information.