Overview
Looking to save money on your electricity bills while contributing to a cleaner environment? In this article, we will explore the financial benefits of installing solar panels on your home in Lebanon, New Hampshire. By analyzing weather data and electricity costs specific to the area, we will break down the cost of a solar system and estimate how long it will take for you to start saving money by going solar.
Lebanon New Hampshire Weather Trends
Lebanon Precipitation
With 63.3 inches of precipitation in the last year, Lebanon, New Hampshire, falls in the 77th percentile in the nation for total precipitation. While this may seem high compared to the national average of 50.61 inches, it is on the lower side within the state, ranking in the 6th percentile. By installing solar panels, you can harness the power of the sun even on rainy days and reduce your reliance on traditional grid electricity.
Lebanon’s UV Rating
Lebanon, New Hampshire, had an average UV rating of 3.2 in the last year, placing it in the 7th percentile nationally. While this may not seem ideal, remember that solar panels can still generate electricity even on cloudy days. By taking advantage of the sunlight available, you can lower your electricity bills and reduce your carbon footprint. The average max UV rating of 3.45 in Lebanon also indicates that there is sufficient sunlight for solar energy production.
Lebanon’s Cloud Cover
With an average cloud cover of 58%, Lebanon, New Hampshire, is among the cloudier areas in the nation, ranking in the 93rd percentile. Despite this, there are still many clear days that can allow solar panels to generate electricity efficiently. Additionally, the distribution of cloud cover days throughout the year provides opportunities for solar energy production. By going solar, you can take advantage of sunny days and offset your electricity usage from the grid.
Lebanon New Hampshire Electricity Costs
Lebanon residents pay about $0.2/kw for electricity, which is higher than both the national average of $0.13/kw and the state average of $0.19/kw. By installing solar panels on your home, you can generate your electricity and reduce dependency on the grid, leading to significant long-term savings. With high electricity costs in Lebanon, going solar is not only environmentally friendly but also financially beneficial in the long run.
When could you expect to break even on a solar installation in Lebanon New Hampshire?
Considering the weather and electricity costs in Lebanon, 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:
- Lebanon gets more precipitation than the national average, which can be helpful for keeping solar panels clean and efficient.
- The UV ratings in Lebanon are slightly lower than the national average, but still decent for generating solar power.
- Cloud cover in Lebanon is higher than the national average, which may impact solar panel efficiency at times.
Now, let’s consider the electricity costs:
- Residents in Lebanon 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 Lebanon, the savings from using solar power are significant.
After crunching the numbers, it looks like it would take around 10-12 years to cover the initial cost of the solar panels. This means that after that initial period, the money saved on electricity bills will start to accumulate and pay off the investment. Remember, solar panels have a long lifespan, so you’ll continue to benefit from those savings for many years to come. It’s a smart financial and environmental choice!
Investing in solar power in Lebanon New Hampshire
By analyzing the weather trends in Lebanon, New Hampshire, and considering the higher electricity costs in the area, it is evident that investing in solar panels can lead to significant long-term savings. Despite the higher precipitation and cloud cover, solar panels can still efficiently generate electricity and reduce reliance on traditional grid power. With an estimated payback period of 10-12 years, the initial investment in solar panels can ultimately result in substantial financial benefits while also promoting environmental sustainability. Making the switch to solar energy in Lebanon is not only a smart financial choice but also a step towards a cleaner, greener future.