Overview
Are you looking to save money on your electricity bills while helping the environment? In this article, we will explore the financial benefits of installing solar panels on your home in Hollis, New Hampshire. By analyzing weather data and electricity costs specific to the area, we will break down the cost of a solar system and estimate how long it will take for you to break even on your investment. Get ready to discover how going solar could be a smart financial decision for you and your family.
Hollis New Hampshire Weather Trends
Hollis Precipitation
With 69.24 inches of precipitation in the last year, Hollis, New Hampshire is above the national average of 50.61 inches. While it may not receive as much precipitation as the rest of New Hampshire, investing in solar panels can help you take advantage of the rainy days and turn them into energy savings for your home. By harnessing the power of the sun, you can reduce your reliance on traditional energy sources and lower your electricity bills over time.
Hollis’s UV Rating
With an average UV rating of 3.59, Hollis is in the 23rd percentile in the nation but in the 96th percentile in New Hampshire. Despite receiving slightly less sunlight compared to the rest of New Hampshire, installing solar panels can still be a lucrative investment for you. By capturing the sunlight that does reach your home, you can generate your own clean and renewable energy, reducing your carbon footprint and potentially saving money on your electricity bills in the long run.
Hollis’s Cloud Cover
With an average of 52% cloud cover, Hollis experiences more clouds than the national average of 44.46%. While it may not be the sunniest place in New Hampshire, solar panels can still be a viable option for you. Even on cloudy days, solar panels can generate electricity, albeit at a slightly reduced rate. By producing your own energy, you can mitigate the impact of cloudy weather on your electricity bills and contribute to a greener environment.
Hollis New Hampshire Electricity Costs
Residential electricity costs in Hollis, New Hampshire, are around $0.19/kw, which is higher than the national average of $0.13/kw. By installing solar panels on your home, you can offset these high electricity costs and potentially even generate excess energy to sell back to the grid through net metering. Taking advantage of the sunny days and investing in solar power can help you save money in the long term while reducing your reliance on expensive traditional energy sources.
When could you expect to break even on a solar installation in Hollis New Hampshire?
Considering the weather and electricity costs in Hollis, New Hampshire, let’s break down the investment in solar panels and see how long it would take to make up the initial cost.
First, let’s look at the weather data:
- Hollis gets more rain than the national average, but it still has enough sun for solar panels to work effectively.
- The UV ratings are slightly lower than the national average, but they’re still good for generating solar power.
- Cloud cover is slightly higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Hollis pay more for electricity compared to the national average.
With this information, let’s break down the costs:
- A standard solar system of 10kW costs $20,000.
- This system is expected to last between 25 and 30 years.
To find out how long it would take to break even on this investment, we need to calculate the annual savings from using solar power. Here’s how:
- The system generates electricity, which means we don’t need to buy as much from the grid.
- With Hollis’ higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 7-8 years to cover the initial cost of the solar panels. That means, after 7-8 years, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in Hollis New Hampshire
Investing in solar panels in Hollis, New Hampshire can be a wise financial decision. Despite receiving slightly less sunlight and experiencing more clouds than other areas, the financial benefits of harnessing solar power outweigh the initial investment costs. With higher electricity costs in the region, you can expect to break even on your solar installation within 7-8 years. By taking advantage of the sunny days and generating your own clean energy, you not only save money in the long run but also contribute to a greener environment. So, consider going solar and start enjoying the financial advantages while helping the planet!