Overview
In Fitzwilliam, New Hampshire, installing solar panels on your home can lead to significant financial savings. By analyzing weather data and electricity costs specific to the area, it is clear that solar power is a wise investment. With the average electricity cost in Fitzwilliam being considered, coupled with the amount of sunlight the area receives annually, investing in solar panels can help you break even on your investment in a reasonable amount of time. Let’s dive into the data and explore the financial benefits of going solar in Fitzwilliam.
Fitzwilliam New Hampshire Weather Trends
Fitzwilliam Precipitation
With Fitzwilliam receiving 77.27 inches of precipitation in the last year, it is evident that the area experiences more rainfall than most places in the country, ranking in the 96th percentile nationally. However, compared to the rest of New Hampshire, Fitzwilliam falls in the 75th percentile for total precipitation. Despite the higher rainfall, solar panels can still be a smart investment in Fitzwilliam as they can generate energy even on overcast days.
Fitzwilliam’s UV Rating
With an average UV rating of 3.32 in the last year, Fitzwilliam ranks lower than most areas in the nation at the 11th percentile. However, when compared to the rest of New Hampshire, Fitzwilliam falls in the 58th percentile for average UV rating. Even though the UV rating is slightly lower than the national average, installing solar panels can still be beneficial in Fitzwilliam as there is sufficient sunlight to generate electricity.
Fitzwilliam’s Cloud Cover
At an average of 53% cloud cover in the last year, Fitzwilliam ranks in the 82nd percentile nationally and the 31st percentile in New Hampshire. The higher cloud cover in the area may seem like a challenge for solar energy production, but with the right solar panel system, Fitzwilliam residents can still benefit from significant energy savings throughout the year, especially during clearer days.
Fitzwilliam New Hampshire Electricity Costs
Residents of Fitzwilliam pay about $0.19/kw for electricity, which is higher than the national average of $0.13/kw. Despite being on par with the New Hampshire state average, Fitzwilliam’s electricity costs are still relatively high. By investing in solar panels, homeowners can offset these costs and save money in the long run, making it a financially sound decision to go solar in Fitzwilliam.
When could you expect to break even on a solar installation in Fitzwilliam New Hampshire?
Considering the weather and electricity costs in Fitzwilliam 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:
- Fitzwilliam New Hampshire gets more precipitation than the national average, but it’s still a suitable location for solar panels.
- The UV ratings in Fitzwilliam New Hampshire are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Fitzwilliam New Hampshire is slightly higher than the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Fitzwilliam 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 Fitzwilliam New Hampshire, the savings are significant.
After analyzing the numbers, it appears that it would take around 5 years to cover the initial cost of the solar panels. This means that after 5 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Additionally, since solar panels last for a long time, you will continue to enjoy these savings for many years. Investing in solar power is a smart way to save money and contribute to environmental conservation.
Investing in solar power in Fitzwilliam New Hampshire
Investing in solar panels in Fitzwilliam, New Hampshire is a smart financial decision. Despite higher precipitation and cloud cover, the area still receives enough sunlight to generate solar power efficiently. With electricity costs in Fitzwilliam being above the national average, installing solar panels can help homeowners offset these expenses and start saving money within just a few years. By breaking even on the initial investment in about 5 years, residents can enjoy significant long-term savings while also contributing to environmental conservation. Going solar in Fitzwilliam is a win-win situation for both your wallet and the planet.