Rebates and tax credits are always offered to individuals and businesses purchasing solar energy systems. Usually these incentives dramatically decrease the final cost of a particular solar energy project.
For starters, residential solar thermal systems are able to receive rebates now up to $900. There is also a generous solar rebate for commercial systems. A new rebate program has made $1,000,000 available to schools, businesses, municipalities and even apartment buildings looking to invest in solar energy systems.
Recently New Hampshire created a few measures to promote statewide energy. New Hampshire is home to a Renewable Energy Rebate Program that offers residents $3 per watt DC installed (up to $6,000 or 50% of system costs).
The state also gives cities and towns the jurisdiction of whether or not to allow property tax exemption for solar home improvements.
There are several rebates available for solar hot water systems including the NH Public Utility Commission that offers an ARRA funded rebate of $750. New Hampshire Electric Coop gives 25% off installed project costs for solar water systems, but annual funds are limited. Be sure to check for availability.
National Grid customers are also eligible for a rebate of $3/therm based on anticipated savings during the first year, which could cover up to 50% of project costs (up to $100,000).
New Hampshire Public Utilities Commission Code 900 grants net metering, which makes sure homeowners receive credit for excess power generated from their renewable-energy system.