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FlyingScot · 02-10-2020, 11:39 PM

Hi Shreddy,

I have solar in Mass and it's a great deal financially. You get 26% of the cost back right away from the IRS in the form of a tax credit, and then the system usually pays for itself in 6-7 years through lower electric bills and production credits. (I don't know how the NH credits work, so YMMV) After that, you get free electricity for another 20 years or so. For financial analysts on the forum, the annual return (IRR) is about 18% with very low risk. So it's more than twice what you would expect from the stock market over the same time.

The best thing to do is call a 2-3 installers--give them your address and your electric bill, and they can give you a preliminary estimate through computer modeling of system cost and financial return. Then meet with the ones who sound good on the phone. After you sign up, it can take a few months to get permitting, and then about a week for the install.

Good luck--keep us posted!

02-10-2020, 11:39 PM	#6
FlyingScot Senior Member Join Date: Jun 2016 Location: Tuftonboro and Sudbury, MA Posts: 2,553 Thanks: 1,413 Thanked 1,075 Times in 668 Posts	Hi Shreddy, I have solar in Mass and it's a great deal financially. You get 26% of the cost back right away from the IRS in the form of a tax credit, and then the system usually pays for itself in 6-7 years through lower electric bills and production credits. (I don't know how the NH credits work, so YMMV) After that, you get free electricity for another 20 years or so. For financial analysts on the forum, the annual return (IRR) is about 18% with very low risk. So it's more than twice what you would expect from the stock market over the same time. The best thing to do is call a 2-3 installers--give them your address and your electric bill, and they can give you a preliminary estimate through computer modeling of system cost and financial return. Then meet with the ones who sound good on the phone. After you sign up, it can take a few months to get permitting, and then about a week for the install. Good luck--keep us posted!