Overview
Are you looking to save money on your electricity bills in Lancaster, New Hampshire? Installing solar panels on your home could be the solution you’ve been searching for. In this article, we will break down the financial benefits of switching to solar energy in Lancaster, using local weather data and electricity costs to show you how quickly you can recoup your investment. By the end of this article, you’ll see why going solar in Lancaster is not only a smart choice for the environment, but also for your wallet.
Lancaster New Hampshire Weather Trends
Lancaster Precipitation
With Lancaster, New Hampshire receiving 65.72 inches of precipitation in the last year, it falls above the national average of 50.61 inches, placing it in the 82nd percentile nationwide. In comparison to the rest of New Hampshire, Lancaster ranks in the 13th percentile. This means that despite its relatively high precipitation levels, installing solar panels in Lancaster can still be a financially viable option compared to other areas in the state and country.
Lancaster’s UV Rating
When looking at the UV rating, Lancaster, New Hampshire had an average rating of 2.92 in the last year. While this places Lancaster in the 2nd percentile nationally, it is in the 13th percentile within New Hampshire. Comparing these numbers to the national average of 4.29 and the state average of 3.25, it is clear that despite lower UV ratings in Lancaster, the benefits of switching to solar energy in terms of long-term savings and environmental impact are still significant.
Lancaster’s Cloud Cover
On average, Lancaster, New Hampshire experiences 66% cloud cover, which is significantly higher than both the national average of 44.46% and the state average of 55.38%. Despite the higher cloud cover, which can impact solar energy production, installing solar panels in Lancaster can still provide substantial financial benefits over time, especially with advancements in solar technology and energy storage solutions.
Lancaster New Hampshire Electricity Costs
Residents in Lancaster, New Hampshire pay about $0.19/kw for electricity, which is higher than the national average of $0.13/kw. However, when compared to the rest of New Hampshire, Lancaster falls in the 63rd percentile, making it a more cost-effective option within the state. Switching to solar energy can help reduce electricity costs in the long run, especially with financial incentives and rebates available for solar panel installations.
When could you expect to break even on a solar installation in Lancaster New Hampshire?
Considering the weather and electricity costs in Lancaster, 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:
- Lancaster, New Hampshire receives more precipitation than the national average, but it still gets enough sunlight for solar panels to be effective.
- The UV ratings in Lancaster are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Lancaster is higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lancaster, 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 purchased from the grid.
- Given Lancaster’s higher electricity rates, the savings will be significant.
Based on the data, it would take approximately 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the money saved on electricity bills will start to offset the investment. It’s a wise financial decision that not only saves money in the long run but also contributes to a sustainable future. With solar panels lasting for many years beyond the break-even point, the benefits continue well into the future.
Investing in solar power in Lancaster New Hampshire
Switching to solar energy in Lancaster, New Hampshire can be a smart financial decision that offers long-term benefits. Despite higher precipitation levels, lower UV ratings, and increased cloud cover in the area, solar panels can still be effective at generating electricity and reducing costs. With residents in Lancaster paying more for electricity compared to the national average, investing in solar panels can lead to significant savings over time. Based on the data presented, it would take approximately 6-7 years to break even on the initial cost of a solar installation. This not only helps save money in the long run but also contributes to a sustainable future. By making the switch to solar energy, Lancaster residents can see positive impacts on both their wallets and the environment.