Overview
Are you a Farmington New Hampshire resident looking to save money on your electricity bills? Investing in solar panels for your home could be the answer you’ve been searching for. In this article, we will break down the financial benefits of installing a solar system based on local weather data and electricity costs. By the end, you’ll have a clear understanding of how much you can save and how quickly you can break even on your investment.
Farmington New Hampshire Weather Trends
Farmington Precipitation
With Farmington New Hampshire receiving 75.96 inches of precipitation in the last year, it is clear that the town experiences a significant amount of rain. Compared to the rest of the country, Farmington ranks in the 95th percentile, indicating it is one of the wettest areas in the nation. In comparison, New Hampshire’s average for total precipitation is 73.01 inches, placing Farmington in the 70th percentile within the state.
Farmington’s UV Rating
In terms of UV rating, Farmington New Hampshire had an average rating of 3.38 in the last year. This puts Farmington in the 14th percentile nationally and the 71st percentile in the state. While the town receives a moderate amount of UV radiation, it is important to note that the national average is slightly higher at 4.29. However, New Hampshire’s average UV rating of 3.25 is lower than Farmington’s.
Farmington’s Cloud Cover
Farmington New Hampshire had an average of 53% cloud cover in the last year, ranking it in the 82nd percentile in the nation. Compared to the rest of New Hampshire, Farmington falls in the 27th percentile, indicating it has less cloud cover than other parts of the state. Despite experiencing various levels of cloudiness throughout the year, Farmington remains an area with relatively clear skies on average.
Farmington New Hampshire Electricity Costs
Residents of Farmington pay about $0.19/kw for electricity, placing the town in the 97th percentile nationally and the 88th percentile within New Hampshire. While this may seem high, it is important to note that the national average for residential electricity is $0.13/kw. Farmington’s electricity costs are on par with the state average of $0.19/kw, indicating that there is potential for significant savings by switching to solar energy.
When could you expect to break even on a solar installation in Farmington New Hampshire?
Considering the weather and electricity costs in Farmington, 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:
- Farmington receives more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Farmington are slightly lower than the national average, but they are still favorable for generating solar power.
- Cloud cover in Farmington is higher than the national average, with different levels of cloudiness throughout the year.
Now, let’s consider the electricity costs:
- Residents in Farmington 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 Farmington’s higher electricity rates, the savings are significant.
After analyzing the numbers, it appears that it would take around 7-8 years to cover the initial cost of the solar panels. This means that after 7-8 years, the money saved on electricity bills will begin to pay off the investment. Moreover, since solar panels last for a long time, you will continue to enjoy those savings for many more years to come. Investing in solar panels is not only a smart financial decision but also a great way to benefit the environment.
Investing in solar power in Farmington New Hampshire
After analyzing the financial benefits of installing solar panels in Farmington, New Hampshire, it is clear that making the investment can lead to significant savings on electricity bills. With the right weather conditions and high electricity costs in the area, residents can expect to break even on their solar panel installation in about 7-8 years. Not only will this save money in the long run, but it is also a sustainable choice that benefits both the wallet and the environment. Considering the data presented, investing in solar energy in Farmington is a wise decision for those looking to save money and reduce their carbon footprint.