Solar Energy Financing Options in New Hampshire
Currently, solar leases and power purchase agreements are not available in the Granite State, so customers interested in New Hampshire solar panel installation must purchase their systems. Purchasing a system can seem daunting at first, but it has some real advantages and the state’s rebate program is set up to help make the limited solar energy financing options in New Hampshire simple and affordable.
Solar Power as an Investment
There are plenty of reasons New Hampshire residents find an investment in solar energy is better, safer and less risky than most stock, bond and money market options.
- Pay the lowest available electricity rates:
Without a monthly lease or PPA payment, you know that every dollar of your net system cost is going toward your electricity for the next 25 years or more.
- Get an expected internal rate of return (IRR) of 10-25% on your investment:
In most cases, the average purchased system is paid for with electricity savings in 5-8 years and your electricity is FREE after that.
- Receive rebate money sooner and all at once:
If you own the system, you own the rebates. The largest New Hampshire solar energy rebate is the PUC’s Renewable Energy Rebate Program, which is payable shortly after installation and provides up to $3,750 in cash.
- Maintenance and repairs are almost nonexistent:
One of the reasons solar power is so inexpensive is that the systems that produce it have no moving parts to grease or replace. Your inverter will need to be replaced in 10 years or so but other than that, wiping off the panels occasionally is probably all the attention you’ll need to spend on your system.
- It’s an investment in the planet’s future too:
Unlike almost anything in the stock market, an investment in solar energy benefits everyone by reducing air pollution, water pollution and greenhouse gasses.
The average homeowner buying utility electricity can expect to pay $100,000 for their power over the next 25 years. Compare that to a free solar installation quote from Real Goods Solar and you might just see a brighter future with sunshine!