Benefits of Solar Energy
Solar energy offers multiple benefits. Let's look at a few of them.
- Lowered energy bills: You can avoid the expensive cost of grid-tied power by generating some electricity right where you use it.
- Reduced carbon footprint: Using clean solar power lowers your dependence on conventional, less environmentally-friendly sources.
- Better energy independence: Adding a battery storage system lets you have reliable energy during storms and grid outages.
What Solar Incentives Are Available to Manchester Homeowners?
Governments and power companies often incentivize homeowners for switching to solar. Here are some of the rebates, tax credits or other programs you could qualify for.
Incentive Type: Rebate ProgramWebsite: eversource.com
Lighting: Online discounts & coupons at participating retailers
LED Light Fixture: $5
Heating/Cooling Equipment: Up to $400
Heat Pump Water Heaters: Up to $600
Clothes Dryers: up to $200
Clothes Washer: Up to $50
ENERGY STAR Homes: $4,000
Natural Gas Heating Equipment: Up to $1,500
Natural Gas thermostats: Up to $100
Pool Pumps: Up to $500
Refrigerator and Freezer Recycling: $30
Refrigerators: Up to $75
Room Air Conditioner: $20
Room Air Purifiers: $40
$1,500, $1,700 or $1,900, depending on annual estimated system output
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Manchester
Choosing a company is the first step toward an effective and cost-efficient solar energy system. Make your choice based on the following important considerations.
Licensing and Training
A master electrician must oversee solar photovoltaic installations in New Hampshire. However, solar thermal installers need not be licensed plumbers unless a locality requires it. Look for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar industry's most respected trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Manchester
Your solar modules' type will affect how much power you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
If you need to charge an electric car or use your solar power in inclement weather, you can pay extra for accessories. By choosing the right components, you can make your system more efficient and user-friendly. Not all solar companies offer these add-ons, so look for a company that sells them if it's important for you.
Generally speaking, it costs about $21,100 for a five-kilowatt solar array in Manchester. This table lists more specific costs for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Manchester
Solar contractors offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are solar loans, power purchase agreements (PPAs), cash payments and solar leases. We advise making a cash payment or using a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar incentives to reduce your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still enjoying energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases let you use your panels for a set monthly rate, while PPAs let you pay only for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Ask each company you're considering about the payment options it offers. A team member can help you determine the optimal option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in Manchester.
A 26% federal tax credit applies to new home solar systems purchased through 2032. Extra incentives may be available through city and state governments, usually in the form of rebates and special financing programs.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Manchester
How much energy and money could I save per year by switching to solar?
How popular is solar energy in Manchester?
Will a solar PV system raise my Manchester home value?
Could I still use solar power if I live in a wooded, dark, or rainy area?
How can I assess my property's solar potential?
How long does the solar installation process require?
What are the signs I shouldn't use a particular solar company for my job?
- Pushy sales approach
- Not being straightforward about cost, warranties, training and credentials and references
- Inflexible options
- Not thoroughly inspecting your site
- Limited customer feedback
How are traditional solar loans and PPAs different?
You might think about a PPA if you don’t want to be responsible for maintenance and don’t want to invest in a system, but keep in mind you won’t be paying toward ownership or be able to access any solar financial incentives. Many solar experts don’t recommend PPAs. Our guide covers other financing options above.
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