Maximizing Savings with New Hampshire’s Solar Incentives (2025)
New Hampshire Solar Savings Guide
Investing in solar energy in New Hampshire can lead to substantial financial benefits. Understanding and leveraging the available incentives is crucial. Below are key programs designed to make solar energy more affordable:
1. Federal Solar Tax Credit (Investment Tax Credit – ITC)
Purpose: Provides substantial tax relief for solar installations.
Benefit: The Federal Government offers a tax credit that covers 30% of a solar system’s overall cost. The credit is a dollar-for-dollar credit against your personal income taxes. The entire amount can be claimed in one year and it will come back on the following tax return.
2. Property Tax Exemption for Solar
Purpose: Prevents an increase in property taxes due to the added value from solar installations.
Benefit: Many municipalities in New Hampshire offer a 100% property tax exemption for qualifying solar energy systems.
3. Net Metering
Purpose: Offsets electricity costs for homeowners generating excess solar power.
Benefit: Utilities provide credits for surplus electricity sent to the grid, which can reduce future energy expenses.
4. Eversource ConnectedSolutions Program
Purpose: Encourages the adoption of solar battery storage systems.
Benefit: Customers can receive rebates of approximately $230 per kilowatt-hour (kWh) of storage installed, with average incentives around $3,000.
5. Local Incentives
Purpose: Provides additional financial support for solar installations.
Benefit: Some municipalities offer incentives such as property tax exemptions or rebates. It’s advisable to check with local authorities for specific programs.
Note: The Residential Renewable Electrical Generation Rebate Program, which previously offered rebates to New Hampshire residents installing photovoltaic systems, has been permanently closed following the passage of Senate Bill 303 in 2024.
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