Overview
Epsom New Hampshire residents can save money and help the environment by installing solar panels on their homes. With the average cost of electricity in Epsom and the favorable weather conditions, investing in a solar system could lead to significant savings on energy bills over time. By analyzing weather data such as precipitation, UV ratings, and cloud cover, along with the cost of a solar system, this article will show residents how long it could take to break even and start seeing a return on their investment.
Epsom New Hampshire Weather Trends
Epsom Precipitation
With Epsom receiving 75.49 inches of precipitation last year, residents are well aware of the wet climate in the area. Comparing this to the national average of 50.61 inches, and New Hampshire’s average of 73.01 inches, it is evident that Epsom sees more rain than most places in the country.
Epsom’s UV Rating
Having an average UV rating of 3.38, Epsom residents can expect moderate sun exposure throughout the year. This puts Epsom in the 14th percentile nationwide, but in the 71st percentile in New Hampshire. When compared to the national average UV rating of 4.29 and New Hampshire’s average of 3.25, it’s clear that there is potential for harnessing solar energy.
Epsom’s Cloud Cover
With an average of 52% cloud cover, Epsom experiences varied conditions, providing opportunities for solar energy production. This places Epsom in the 81st percentile nationally and the 24th percentile in New Hampshire. Comparing this to the national average of 44.46% and New Hampshire’s average of 55.38%, residents can benefit from mostly clear skies for solar panel efficiency.
Epsom New Hampshire Electricity Costs
Residents in Epsom pay about $0.19/kw for electricity, which is higher than the national average of $0.13/kw but in line with New Hampshire’s average of $0.19/kw. By investing in solar panels, residents can potentially lower their electricity bills significantly over time, taking advantage of the sunny weather conditions and high electricity costs in Epsom.
When could you expect to break even on a solar installation in Epsom New Hampshire?
Considering the weather and electricity costs in Epsom 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:
- Epsom New Hampshire receives more precipitation than the national average, but still has enough sun for solar panels to work effectively.
- The UV ratings in Epsom New Hampshire are slightly lower than the national average, but are still good for generating solar power.
- Cloud cover in Epsom New Hampshire is slightly higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Epsom 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. Here’s how:
- The system generates electricity, reducing the need to buy from the grid.
- With higher electricity rates in Epsom New Hampshire, the savings are even greater.
After crunching the numbers, it looks like it would take around 6 years to cover the initial cost of the solar panels. That means, after 6 years, the money saved on electricity bills will start to add up and pay off the investment. Remember, solar panels have a long lifespan, so after that initial period, you’ll continue to enjoy those savings for many years to come. It’s a wise investment that saves money and benefits the environment simultaneously!
Investing in solar power in Epsom New Hampshire
Installing solar panels in Epsom, New Hampshire can be a smart decision for residents looking to save money on their energy bills and help the environment. By taking advantage of the favorable weather conditions and higher electricity costs in the area, residents can expect to break even on their investment in solar panels in about 6 years. After that initial period, the savings on electricity bills will continue to accumulate for many more years. Making the switch to solar power is not only a wise financial investment but also a sustainable choice for the future.