net metering

Via USDA website

A compromise is in the works to raise the limit on the number of solar panels being installed on New Hampshire's electricity grid. The deal would likely result in less revenue for solar owners, but would allow the current boom in solar installations to continue.

At an annual energy summit in Concord Monday, Senate Majority Leader Jeb Bradley said a bipartisan group is working to lift the cap on a solar incentive called net-metering.

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If you want to install solar panels at your home, it’s about to get a little more expensive. A reduction in the state’s renewable energy rebate goes into effect Thursday. The previous rebate was $.75 per watt, maxing out at $3,750, whereas the new one will be $.50 a watt, with a maximum of $2,500.

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By all accounts, New Hampshire’s solar industry has started to accelerate in a big way. This year New Hampshire is on track to see a five-fold expansion in the number of solar farms in state since last fall. While that may be the case now, many in the industry say solar is racing towards a brick wall.

Here’s why.

Solar power is supported by a collage of incentives in New Hampshire: There are state rebates for smaller projects, state grants for larger ones, a federal investment tax credit, and renewable energy credits that owners can sell.

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