New Hampshire offers a few incentive programs for securing energy through solar power. The most cost-reducing incentives are rebates, which are available both through the state and through the utility rebate programs. Additional resources are available through the federal government.
Summary of New Hampshire Incentive rograms
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•State Rebate of $3W
•2 Utility Rebates up to $3,500
New Hampshire Rebates
The state of New Hampshire offers a rebate to residents of $3W, up to a maximum of $6000 or 505% of system cost, whichever is less. National Grid provides a rebate through utility companies to a maximum $1500 for single residences, and up to $100,000 for multi-family properties and commercial applications. New Hampshire Electric Co-Op rebates $3500 to customers who install photovoltaic systems and $1500 for solar water heaters.
New Hampshire Tax Incentive
The state offers a property tax exemption when residents install solar energy systems.
Federal Incentives
Federal Investment Tax Credit (ITC)
Commercial solar energy systems can take advantage of the Federal Investment Tax Credit 48E, which provides a tax credit of 30% of the total cost of the system, provided prevailing wage and apprenticeship requirements are met.
Residential systems can no longer claim any federal solar tax credit, as the One Big Beautiful Bill eliminated it for systems installed after January 1st, 2026.
Commercial Depreciation
Commercial asset owners can write off 100% of a project’s value in depreciation in the first year. The One Big Beautiful Bill reinstated the 100% bonus depreciation, while simultaneously eliminating the Modified Accelerated Cost Recovery System (MACRS) that previously depreciated solar energy systems over 5 years.
The depreciable basis of a project is reduced by half of the ITC value when combined with the 30% ITC. Here’s a quick example:
- Project cost = $800,000
- 30% credit = $240,000
- Reduced depreciation basis: $800,000 – ($240,000 / 2) = $680,000
A company’s tax rate is then taken into account to calculate the exact amount they’re able to write off.
Financing Options
New Hampshire offers loans to businesses at a special rate of prime minus 1% for installation of solar systems.
Further information can be obtained by visiting DSIRE:Database of State Incentives for Renewables & Efficiency
New York Solar Incentive Programs
New York State is making solar energy more accessible to homes, businesses, and communities through NY-Sun. Our goal is to help make it possible for New Yorkers to choose clean energy while lowering their energy costs. NY-Sun has multiple resources to help New Yorkers harness the power of the sun, including:Continue reading→
Georgia Solar Incentive Programs
Georgia ranks 10th in total installed solar capacity with very little residential solar deployed. This has to do in part to low energy costs, but also in part to the lack of incentives.Continue reading→
Solar Costs and Financing: A Complete Guide
Learn more about solar costs, the various options to pay for it, what incentives are available, and how to run the numbers for your specific...Continue reading→
