On May 11, 2007, Governor John Lynch of New Hampshire signed into law HB 873, the Renewable Energy Act, which establishes a renewable energy portfolio standard for the state. House Bill 873 mandates that 25% of the state’s electricity come from renewable sources by 2025. Under this law, electricity providers were requied to provide a minimum specified percentage of electricity from renewable sources starting in 2008 and increasing every year through 2025. In addition, New Hampshire is offering some pretty good rebates but not at the same level as other states that are leading the solar adoption revolution. Read on more details about the various programs on offer.
The program is funded by alternative compliance payments from the state’s renewable portfolio standard (RPS). Rebates will be awarded to the extent that funding is available. Notarized applications must be submitted in paper-copy format, no electronically submitted applications will be accepted.
Utility Loan Program – Low cost ways to get some energy efficient applicances in your house.
Utility Rebate Program
- National Grid – Residential (Electric) Energy Efficiency Rebate Programs
- National Grid – Residential (Gas) Energy Efficiency Rebate Program
- New Hampshire Electric Co-Op – Residential Energy Efficiency Rebate Programs
- New Hampshire Electric Co-Op – Solar Hot Water and Low-Temperature Heat Pump Rebates
- Northern Utilities – Residential Energy Efficiency Programs
- PSNH – Residential Energy Efficiency Rebate Program
- Unitil – Residential Energy Efficiency Programs
|Av. Monthly Electricity Bill||$110|
|System Size||$3.6 kW|
|Annual Electricty Production||4,195 kWh|
|% Reduction in Electricity Bill||50|
|Cost / Watt (installed)||$7.00|
|State Rebate($3.00/Watt; max. $6,000)||$6,000|
|Federal Tax Incentive||$5,760|
|New Av. Monthly Electric Bill||$55|
|Monthly Loan Payment (30 yrs, 6%, 0 down)||$82|
|NEW MONTHLY NET COST||$111|
|Cummulative Lifetime Savings||$33,125|
|Greenhouse Gas (CO2) Saved:|
over 25-year system life
Based on these calculations you could install a home solar power system to generate 50% of your electricity needs, which will shelter you from increasing utility rates and increase the value of your home for the same monthly cost. To find out how much you could save, fill out our free estimate form and we will put you in contact with qualified New Hampshire solar installers who can answer all of your questions and provide you with a personalized quote.