Overview
Are you looking to save money on your electricity bills in Hooksett, New Hampshire? Installing solar panels on your home can be a cost-effective solution. By analyzing weather data and electricity costs specific to the area, we will show you how much money you can save by switching to solar. With a breakdown of the initial investment and estimated time to break even, you’ll see how solar power can benefit your wallet in the long run.
Hooksett New Hampshire Weather Trends
Hooksett Precipitation
With 76.11 inches of precipitation in the last year, Hooksett New Hampshire is in the 95th percentile in the nation and the 71st percentile in the state. Compared to the national average of 50.61 inches and New Hampshire’s average of 73.01 inches, it’s clear that Hooksett receives a significant amount of precipitation, making it an ideal location for harnessing solar energy.
Hooksett’s UV Rating
Hooksett New Hampshire had an average UV rating of 3.48 in the last year, ranking it in the 18th percentile nationally and the 80th percentile within the state. Despite being lower than the national average of 4.29 and higher than New Hampshire’s average of 3.25, the consistent sunshine in Hooksett makes it a great place for solar panel installation.
Hooksett’s Cloud Cover
With an average of 52% cloud cover in the last year, Hooksett New Hampshire ranks in the 81st percentile nationally and the 25th percentile in the state. Even though it’s slightly cloudier than the national average of 44.46% and less cloudy than the state average of 55.38%, Hooksett still experiences plenty of sunny days perfect for solar power generation.
Hooksett New Hampshire Electricity Costs
Hooksett residents pay about $0.18/kw for electricity, placing them in the 97th percentile nationally and the 50th percentile within the state. While this may seem higher than the national average of $0.13/kw, it is in line with New Hampshire’s average of $0.19/kw. By switching to solar energy, residents in Hooksett can significantly reduce their electricity costs over time.
When could you expect to break even on a solar installation in Hooksett New Hampshire?
Considering the weather and electricity costs in Hooksett, 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:
- Hooksett gets more precipitation than the national average, but it still receives enough sunlight for solar panels to be effective.
- The UV ratings in Hooksett are slightly lower than the national average, but they are still sufficient for generating solar power.
- Cloud cover in Hooksett is slightly above the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Hooksett 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, reducing the need to purchase as much electricity from the grid.
- Given Hooksett’s higher electricity rates, the savings from using solar power are even greater.
After analyzing the numbers, it appears that it would take approximately 6 years to recoup the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will start to offset the investment. Since solar panels have a long lifespan, the savings will continue for many years beyond that initial period. Investing in solar energy is both a financially prudent decision and an environmentally conscious choice!
Investing in solar power in Hooksett New Hampshire
Switching to solar energy in Hooksett, New Hampshire can be a smart financial move. By analyzing the weather data and electricity costs specific to the area, it is evident that residents can save money in the long run by investing in solar panels. With a break-even time of approximately 6 years, the initial investment will start paying off, leading to continued savings for many years. Embracing solar power not only benefits your wallet but also helps the environment, making it a wise and sustainable choice for the future.