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Solar vs. grid power: how much can you save?
Electricity rates are on the rise. The U.S Energy Information Administration (EIA) estimates that electricity prices in the U.S. rose 6.2% in 2023 alone.
Homeowners across the country are looking for ways to reduce their energy costs and many are turning to solar energy. But just how much can you save with solar and is it worth the investment?
Solar customers can often save tens of thousands of dollars over the lifespan of their solar system. To determine exactly how much you can save, you’ll have to do a little math.
Compare your current cost per kW from Public Service Co Of NH with the cost per kW of your solar system. Then calculate your monthly or yearly expenses across a 25-year period. Finally, subtract your total cost of energy with solar from your total of energy from the grid to determine your savings
A simpler way to estimate your savings potential is to compare your current monthly energy costs with your projected solar payments. If your energy costs are higher than your solar payments, there is a good chance you will see savings.
At Solar Cost Calculator, we suggest that anybody paying more than $100 a month for electricity should consider solar.
What solar incentives Public Service Co Of NH does offer?
Category : Financial Incentive
Website : https://www.energy.nh.gov/renewable-energy/renewable-energy-rebates/non-residential-sector-competitive-grants-program
Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, Schools, State Government, Federal Government, Agricultural, Multifamily Residential, Institutional
Incentive Amount : Varies
Implementing Sector : State
Category : Financial Incentive
Website : https://www.eversource.com/content/nh/residential/save-money-energy/manage-energy-costs-usage/efficient-products
Applicable Sectors : Residential, Low Income Residential
Incentive Amount : Smart Thermostats Click here for details on rebates. Heating/Cooling Air-Source Heat Pump: $250/ton Central Air Conditioner: $70/ton Wi-Fi Thermostat: $85/unit Appliances and Other Products Refrigerators: $50 Clothes Washers: $50 Clothes Dryers: $50 Combination clothes washer/dryers: $250 Variable-speed pool pumps: $500 Dehumidifiers: $25 Air Purifiers: $40 Refrigerator and Freezer Recycling Refrigerator/Freezer recycling: $75 Dehumidifier/Air Conditioner: $30 *Dehumidifier/Air Conditioner only available when combined with Refrigerator/Freezer recycling
Implementing Sector : Utility
Category : Financial Incentive
Website : https://www.energy.nh.gov/renewable-energy/renewable-energy-rebates/commercial-industrial-solar-incentive-program
Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, Schools, State Government, Federal Government, Tribal Government, Agricultural, Multifamily Residential, Institutional
Incentive Amount : New PV systems less than or equal to 500 kW AC: $0.20/W New Solar Thermal systems with 15 or fewer collectors: $0.12/rated or modeled kBtu/year New Solar Thermal systems with more than 15 collectors: $0.07/rated or modeled kBtu/year
Implementing Sector : State
Category : Financial Incentive
Website : https://www.eversource.com/content/business/save-money-energy/equipment-rebates-discounts
Applicable Sectors : Commercial, Industrial, Local Government, Federal Government
Incentive Amount : Commercial and Industrial Equipment Program LED Lighting: Varies, see program application for details Condensing Boilers: $1,000-$10,000 Furnaces: $300-$450 Infrared Heaters: $750 Boiler/Water Heaters: $1,000-$1,500 Condensing Unit Heater: $750 Aftermarket Boiler Reset Controls: $225 Steam Traps: $50 Programmable Thermostat: Up to $25 VFDs: $800 - $1,575, Varies based on HP Custom Incentives: 35% of the project cost or buy down to 1 year pay-back New Equipment & Construction Lighting: Varies, see program application for details VFDs: $800 - $1,575, Varies based on HP Electric HVAC Equipment: Varies, see program application for details Commercial Food Service Equipment: Varies, see program application for details Municipal Heating Equipment: Varies by equipment type. See program application for more information. Natural Gas Kitchen Equipment Varies by equipment type. See program application for more information.
Implementing Sector : Utility
Installing and connecting your solar system
When you install a solar system in Public Service Co Of NH territory, these are steps you can expect to go through:
Once you’ve hired a contractor, you will need to communicate with Public Service Co Of NH to prepare the interconnection paper. Your contractor will handle most of these responsibilities
After the interconnection agreement has been finalized, your contractor can begin the installation process.
Once your system is installed, it needs to be inspected for safety and code compliance.
After the final inspection, you will receive a written notice within a few days that your system is approved to operate. You can turn on the system yourself or you can contact your installer for further assistance.
Most homeowners prefer to do it themselves. The whole process should only take 10 - 15 minutes.
Is solar worth it for Public Service Co Of NH customers?
The short and sweet answer is a resounding YES. Going solar is definitely worth it for Public Service Co Of NH customers. The average homeowner in _UtilityCompanyName_ can save an estimated #### over the lifespan of their solar system.
Going solar is a long game so you need to think several years ahead. It can take a few years to hit your break even period. But between net metering and solar incentives, you can drastically reduce that timeframe.
Want to get an idea for what it will cost you to go solar with Public Service Co Of NH? You can use our Solar Cost Calculator to generate a customized estimate instantly. We take into consideration a wide range of criteria including location, electric bill, roof size, and other factors. Try it out today and start planning for your future.
