Overview
Are you a North Andover resident tired of high electricity bills? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather patterns in North Andover, along with the cost of electricity, we can show you how much money you could save by switching to solar. With the right information, you can see how quickly you’ll break even on your investment and start putting money back in your pocket. Let’s take a closer look at the financial benefits of going solar in North Andover.
North Andover Massachusetts Weather Trends
North Andover Precipitation
With North Andover receiving 70.43 inches of precipitation in the last year, residents are in the 89th percentile nationally and 65th percentile within Massachusetts. Compared to the national average of 50.61 inches and the Massachusetts average of 68.09 inches, North Andover’s higher precipitation levels make it an ideal location for solar panels.
North Andover’s UV Rating
North Andover’s average UV rating of 3.63 places it in the 25th percentile in the nation and the 55th percentile in Massachusetts. Although slightly lower than the national average of 4.29, the UV ratings in North Andover are still sufficient for effective solar energy production. Additionally, the average max UV rating of 3.88 further supports the viability of solar in North Andover.
North Andover’s Cloud Cover
With an average of 51% cloud cover, North Andover is in the 75th percentile nationally and 44th in Massachusetts. Although there are days with varying cloud cover percentages, the overall cloud cover in North Andover is moderate. This means there are plenty of sunny days that are optimal for solar energy production.
North Andover Massachusetts Electricity Costs
North Andover residents pay about $0.19/kw for electricity, ranking them in the 98th percentile nationally and 63rd in Massachusetts. Despite being slightly higher than the Massachusetts average of $0.22/kw, the potential savings from switching to solar are significant. With the national average at $0.13/kw, North Andover residents can greatly benefit financially from installing solar panels on their homes.
When could you expect to break even on a solar installation in North Andover Massachusetts?
Considering the weather and electricity costs in North Andover Massachusetts, 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:
- North Andover gets more precipitation than the national average, but it still has enough sunshine for solar panels to work effectively.
- The UV ratings in North Andover are slightly lower than the national average, but they are still sufficient for generating solar power.
- Cloud cover in North Andover is a bit higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in North Andover 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 buy as much from the grid.
- With North Andover’s higher electricity rates, the savings are even more significant.
After analyzing the data, it appears that it would take around 6 years to cover the initial cost of the solar panels. Therefore, after 6 years, the savings on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, you will continue to benefit from these savings for many years to come. Investing in solar power is a wise way to save money while also contributing to environmental sustainability!
Investing in solar power in North Andover Massachusetts
With all factors considered, investing in solar panels in North Andover, Massachusetts, can lead to significant financial benefits. The weather patterns in North Andover provide ample sunlight for effective solar energy production, despite slightly lower UV ratings and moderate cloud cover. Additionally, the higher electricity costs in North Andover make switching to solar an economically smart choice. By breaking down the costs and calculating the annual savings, it is clear that the initial investment in solar panels can be recouped in approximately 6 years. Beyond that point, you will continue to save money on electricity bills and contribute to a more sustainable future. Installing solar panels is not only a smart financial decision but also an environmentally friendly one!