Overview
Living in Concord, New Hampshire, it’s no secret that electricity bills can add up quickly, especially during those cold New England winters. However, by installing solar panels on your home, you can not only reduce your carbon footprint but also save a significant amount of money in the long run. In this article, we will break down the cost of a solar system for your home and estimate how long it will take for you to break even based on weather data and electricity costs specific to Concord.
Concord New Hampshire Weather Trends
Concord Precipitation
Living in Concord, New Hampshire, with its above-average yearly precipitation of 69.37 inches, you may be concerned about how this impacts your electricity bills. Although Concord ranks higher than the national average of 50.61 inches, it falls below the New Hampshire average of 73.01 inches. By harnessing the power of solar energy, you can offset the costs of high precipitation and reduce your reliance on traditional energy sources.
Concord’s UV Rating
With an average UV rating of 3.41, Concord, New Hampshire, experiences moderate exposure to sunlight throughout the year. While this places it in the lower percentiles compared to the national and state averages, solar panels are still a viable option for generating electricity. By taking advantage of the sunlight available, you can decrease your carbon footprint and save money on your utility bills in the long run.
Concord’s Cloud Cover
Concord, New Hampshire, has an average cloud cover of 53%, which is higher than the national average of 44.46% but lower than the state average of 55.38%. Despite the variation in cloud cover throughout the year, solar panels can still effectively convert sunlight into electricity. By embracing solar energy, you can combat the impact of cloud cover on traditional energy sources and potentially save money on your monthly bills.
Concord New Hampshire Electricity Costs
With residential electricity costs averaging around $0.18/kw in Concord, New Hampshire, you may be seeking ways to reduce your energy expenses. While this rate is higher than the national average of $0.13/kw, it falls within the state’s average of $0.19/kw. By investing in solar panels for your home, you can take control of your electricity costs and potentially see significant savings over time.
When could you expect to break even on a solar installation in Concord New Hampshire?
Considering the weather and electricity costs in Concord, 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:
- Concord gets slightly more rain than the national average, but it still has enough sunlight for solar panels to work effectively.
- The UV ratings are a bit lower than the national average, but they’re still good for generating solar power.
- Cloud cover in Concord is a bit higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Concord 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 Concord’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the money saved on electricity bills will begin to accumulate and pay off the investment. And since solar panels last for many years, you’ll continue to enjoy those savings for a long time. It’s a smart financial decision that also helps the environment!
Investing in solar power in Concord New Hampshire
Installing solar panels on your home in Concord, New Hampshire, can be a beneficial investment. Not only can you reduce your carbon footprint, but you can also save money on your electricity bills in the long run. By harnessing the power of solar energy, you can combat the impact of high precipitation, lower UV ratings, and increased cloud cover on traditional energy sources. With electricity costs higher in Concord compared to the national average, investing in solar panels can help you take control of your energy expenses and potentially see significant savings over time. Making the switch to solar power is not only a smart financial decision but also a positive step towards a more sustainable future for both your wallet and the environment.