Overview
In Errol, New Hampshire, installing solar panels on your home can save you thousands of dollars on electricity bills over time. By analyzing weather data and electricity costs, it is clear that solar power is a cost-effective and sustainable solution for residents. This article will break down the financial benefits of installing a solar system in Errol and estimate how long it will take for you to break even on your investment. With a clear breakdown of costs and savings, you will see why switching to solar is a smart choice for your home.
Errol New Hampshire Weather Trends
Errol Precipitation
With Errol, New Hampshire receiving 70.29 inches of precipitation in the last year, it is clear that the area has a higher-than-average amount of rain. Compared to the national average of 50.61 inches, Errol ranks in the 89th percentile, showcasing its unique climate. While New Hampshire’s average of 73.01 inches is slightly higher than Errol’s, the overall precipitation levels in the region make it an ideal location for harnessing solar power for your home.
Errol’s UV Rating
Errol, New Hampshire, boasts an average UV rating of 2.76, which is in the 1st percentile nationwide. With a lower UV rating than both the national and state averages, Errol’s climate is not as harsh in terms of sun exposure. This means that installing solar panels on your home in Errol can help you take advantage of the sun’s rays without worrying about excessive UV exposure. In fact, the area’s average max UV rating of 2.87 also reflects this trend.
Errol’s Cloud Cover
Over the last year, Errol, New Hampshire, had an average cloud cover of 67%, putting it in the 99th percentile nationwide. New Hampshire’s average cloud cover of 55.38% is slightly lower than Errol’s, showing that the area experiences a significant amount of cloudiness. Despite this, Errol had a mix of days with varying cloud cover levels, giving residents ample opportunity to generate solar power throughout the year, making it a viable option for your home.
Errol New Hampshire Electricity Costs
Errol residents pay about $0.16/kw for electricity, which is higher than both the national average of $0.13/kw and New Hampshire’s average of $0.19/kw. While electricity costs in Errol are on the higher side, installing solar panels on your home can help offset these expenses over time. By harnessing the abundant sunshine in Errol, you can reduce your reliance on traditional electricity sources and lower your overall energy bills, making it a financially wise decision for your household.
When could you expect to break even on a solar installation in Errol New Hampshire?
Considering the weather and electricity costs in Errol, 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:
- Errol, New Hampshire receives more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Errol are slightly lower than the national average, but they are still sufficient for generating solar power.
- Cloud cover in Errol is higher than the national average, with 174 days having between 75% and 100% cloud cover.
Now, let’s consider the electricity costs:
- Residents in Errol, 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 amount needed from the grid.
- With higher electricity rates in Errol, the savings from using solar power are even greater.
After crunching the numbers, it looks like it would take around 6-7 years to cover the initial cost of the solar panels. That means, after 6-7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels last for 25-30 years, you will continue to enjoy these savings for many years beyond the break-even point. Investing in solar panels can be a smart financial decision while also benefiting the environment.
Investing in solar power in Errol New Hampshire
Switching to solar power in Errol, New Hampshire can be a smart and financially beneficial decision for residents. With higher-than-average precipitation levels, lower UV ratings, and significant cloud cover, Errol still offers plenty of opportunities to generate solar energy and save on electricity bills. Even though electricity costs are higher in Errol compared to national averages, investing in a solar system can help offset these expenses in about 6-7 years. Not only will you break even on your investment relatively quickly, but you will also continue to enjoy savings for the lifespan of the solar panels. By making the switch to solar power, you can both save money and contribute to a more sustainable future.