Overview
Discover the financial benefits of switching to solar energy in Moultonborough, New Hampshire. By analyzing weather data and electricity costs, we will show you how installing solar panels on your home can lead to significant savings over time. Learn about the upfront costs of a solar system, as well as how long it may take to break even and start enjoying the financial advantages of renewable energy.
Moultonborough New Hampshire Weather Trends
Moultonborough Precipitation
With Moultonborough receiving 83.84 inches of precipitation in the last year, it is clear that this town experiences a lot of rain. Compared to the national average of 50.61 inches, Moultonborough is in the 98th percentile nationwide. In New Hampshire, Moultonborough is in the 93rd percentile, with the state’s average at 73.01 inches. By harnessing this abundant natural resource, you can power your home efficiently and environmentally consciously.
Moultonborough’s UV Rating
The average UV rating in Moultonborough was 2.64 in the last year. This puts Moultonborough in the 1st percentile nationwide and the 2nd percentile in New Hampshire. With the national average at 4.29, and New Hampshire’s average at 3.25, Moultonborough receives less sunlight than most areas. However, even with these lower levels, solar panels can still generate significant energy savings for your home.
Moultonborough’s Cloud Cover
At an average of 59% cloud cover, Moultonborough experiences cloudy days more frequently than other areas. This places Moultonborough in the 95th percentile nationwide and the 83rd percentile in New Hampshire. Despite these conditions, with advancements in solar technology, panels can still generate power even on cloudy days. By installing solar panels, you can reduce your reliance on traditional energy sources and lower your carbon footprint.
Moultonborough New Hampshire Electricity Costs
Residents in Moultonborough pay about $0.2/kw for electricity, which is higher than the national average of $0.13/kw. In comparison to the rest of New Hampshire where the average is $0.19/kw, Moultonborough is at the top percentile. By switching to solar energy, you can offset these high electricity costs and potentially save money in the long run while also contributing to a cleaner environment.
When could you expect to break even on a solar installation in Moultonborough New Hampshire?
Considering the weather and electricity costs in Moultonborough 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:
- Moultonborough New Hampshire receives more rain than the national average, but still has enough sunlight for solar panels to work effectively.
- The UV ratings in Moultonborough New Hampshire are lower than the national average, but still suitable for generating solar power.
- Cloud cover in Moultonborough New Hampshire is higher than the national average, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Moultonborough New Hampshire 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:
- The system generates electricity, reducing the need to buy from the grid.
- With higher electricity rates in Moultonborough New Hampshire, the savings from solar power are greater.
After analyzing the data, it seems that it would take approximately 7 years to cover the initial cost of the solar panels in Moultonborough New Hampshire. This means that after 7 years, the money saved on electricity bills will begin to accumulate, making the investment worthwhile. Additionally, since solar panels have a long lifespan, the savings and benefits will continue for many more years to come. It’s a wise choice to save money and contribute to a cleaner environment!
Investing in solar power in Moultonborough New Hampshire
Switching to solar energy in Moultonborough, New Hampshire not only provides significant financial benefits but also helps in reducing carbon footprint by relying on renewable energy sources. Despite the town receiving more rain and less sunlight compared to national averages, solar panels can still generate substantial energy savings. With higher electricity costs in Moultonborough, investing in solar power can lead to a break-even point in about 7 years, followed by long-term savings and environmental benefits. Making the switch to solar energy is a smart decision for your wallet and the planet.