Overview
In Greenville, New Hampshire, installing solar panels on your home can lead to significant financial savings over time. By analyzing the weather data and electricity cost specific to this area, we can estimate the cost of a solar system and how long it will take to break even. With the ample sunlight, low cloud cover, and high UV ratings in Greenville, residents can take advantage of these ideal conditions to generate their own clean energy and reduce their monthly electricity bills.
Greenville New Hampshire Weather Trends
Greenville Precipitation
With Greenville, New Hampshire receiving 75.71 inches of precipitation in the last year, which is in the 95th percentile in the nation and the 69th percentile in New Hampshire, it’s clear that the area has ample rain. Comparatively, the national average for total precipitation is 50.61 inches, while New Hampshire’s average is 73.01 inches. Despite the higher-than-average precipitation levels, solar panels can still be a great investment in Greenville.
Greenville’s UV Rating
Greenville, New Hampshire boasts an average UV rating of 3.19, placing it in the 7th percentile in the nation and the 30th percentile in New Hampshire. When comparing this to the national average of 4.29 and New Hampshire’s average of 3.25, it’s clear that Greenville receives a good amount of sunlight. This means that solar panels can effectively harness this sunlight to generate clean energy for your home.
Greenville’s Cloud Cover
Despite having an average of 52% cloud cover in the last year, which puts Greenville in the 80th percentile in the nation and the 23rd percentile in New Hampshire, the area still allows for plenty of sunshine. The national average for cloud cover is 44.46%, while New Hampshire’s average is 55.38%. With 85 days of minimal cloud cover, 105 days of moderate cloud cover, and 72 days of heavier cloud cover, there are still many days in Greenville where solar panels can be highly effective.
Greenville New Hampshire Electricity Costs
Resident of Greenville, New Hampshire pay about $0.19/kw for electricity, which is in the 97th percentile in the nation and the 63rd percentile in New Hampshire. Comparatively, the national average for residential electricity is $0.13/kw, while New Hampshire’s average is $0.19/kw. By installing solar panels, residents can not only take advantage of the ideal conditions in Greenville but also significantly reduce their monthly electricity bills, leading to long-term financial savings.
When could you expect to break even on a solar installation in Greenville New Hampshire?
Considering the weather and electricity costs in Greenville 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:
- Greenville New Hampshire receives more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Greenville New Hampshire are slightly lower than the national average, but still good for generating solar power.
- The cloud cover in Greenville New Hampshire is slightly higher than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Greenville 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 solar system generates electricity, reducing the need to buy as much from the grid.
- Given Greenville New Hampshire’s higher electricity rates, the savings from using solar power are even greater.
After calculations, it appears that it would take around 4-6 years to cover the initial cost of the solar panels. This means that after 4-6 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, the savings will continue for many years after the initial payback period. Investing in solar panels not only saves money in the long run, but also contributes to a more sustainable and eco-friendly lifestyle.
Investing in solar power in Greenville New Hampshire
With ideal weather conditions, high electricity costs, and significant potential for financial savings, installing solar panels in Greenville, New Hampshire is a wise investment. By harnessing sunlight, residents can generate clean energy, reduce their monthly electricity bills, and break even on the initial installation cost within 4-6 years. Beyond the financial benefits, transitioning to solar power promotes sustainability and eco-friendliness, making it a positive choice for homeowners in Greenville.