Overview
If you live in Canterbury, New Hampshire, installing solar panels on your home could potentially save you a significant amount of money on your electricity bills. By analyzing weather data and basic electricity costs specific to the area, we can estimate how long it would take for a solar system to pay for itself. With the cost of solar panels becoming more affordable and the ample sunshine in Canterbury, it is clear that going solar is a smart financial decision that can benefit both your wallet and the environment in the long run.
Canterbury New Hampshire Weather Trends
Canterbury Precipitation
With Canterbury, New Hampshire receiving 69.25 inches of precipitation in the last year, it is clear that the area experiences a significant amount of rainfall. Compared to the national average of 50.61 inches, Canterbury falls within the 87th percentile, showcasing the higher-than-average precipitation in the region. Although New Hampshire as a whole averages 73.01 inches, Canterbury’s levels still remain notable.
Canterbury’s UV Rating
In terms of UV rating, Canterbury, New Hampshire had an average of 3.34 in the last year, placing it in the 12th percentile nationally. While this may suggest less intense sunlight exposure compared to the national average of 4.29, Canterbury outperforms New Hampshire’s average of 3.25. Additionally, the average max UV rating of 3.53 in Canterbury indicates potential for harnessing solar energy effectively.
Canterbury’s Cloud Cover
Canterbury, New Hampshire experienced an average of 54% cloud cover in the last year. This puts the area in the 86th percentile nationally, showing a higher cloud cover compared to the national average of 44.46%. Despite being slightly higher than New Hampshire’s average of 55.38%, Canterbury still has ample sunlight exposure for solar panel efficiency. The distribution of cloud cover throughout the year allows for consistent solar energy production.
Canterbury New Hampshire Electricity Costs
Residents of Canterbury, New Hampshire pay about $0.19/kw for electricity, positioning the area in the 97th percentile nationwide. Although this may seem higher than the national average of $0.13/kw, it aligns with the state average of $0.19/kw. By investing in solar panels, Canterbury residents can significantly reduce electricity costs over time, taking advantage of the abundant sunshine in the area for long-term financial savings and environmental benefits.
When could you expect to break even on a solar installation in Canterbury New Hampshire?
Considering the weather and electricity costs in Canterbury, 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:
- Canterbury gets more rain than the national average, but it still has enough sun to make solar panels effective.
- The UV ratings in Canterbury are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Canterbury is higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Canterbury 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 less needs to be purchased from the grid.
- Given Canterbury’s higher electricity rates, the savings will be significant.
After calculating, it appears that it would take around 8 years to cover the initial cost of the solar panels. This means that after 8 years, the money saved on electricity bills will start to accumulate and pay off the investment. Also, remember that solar panels have a long lifespan, so the savings will continue for many years to come after that initial period. Investing in solar power is a wise choice for both saving money and helping the environment!
Investing in solar power in Canterbury New Hampshire
With the analysis of weather data, electricity costs, and the potential savings from using solar power, it is evident that installing solar panels in Canterbury, New Hampshire is a financially savvy decision. Despite higher-than-average rainfall and cloud cover, the area still receives adequate sunlight for solar energy production. Coupled with the above-average electricity costs in the region, the return on investment for a 10kW solar system is estimated to be around 8 years. This means that residents can start enjoying significant savings on their electricity bills after this period, all while contributing to a cleaner environment for years to come. In conclusion, going solar in Canterbury is not only a smart financial move but also a positive step towards sustainable living.