Overview
Are you a Lincoln, New Hampshire resident looking to save money on your electricity bills? Look no further than solar panels! In this article, we will break down the financial benefits of installing a solar system on your home in Lincoln, using weather data and electricity costs specific to your area. By analyzing the average cost of electricity, precipitation, UV rating, and cloud cover over the course of a year, we will estimate how long it will take for you to break even on your investment in solar panels. Don’t miss out on the opportunity to save money and reduce your carbon footprint by making the switch to solar energy in Lincoln, New Hampshire.
Lincoln New Hampshire Weather Trends
Lincoln Precipitation
With Lincoln, New Hampshire receiving 83.05 inches of precipitation in the last year, it’s clear that your area has a higher-than-average amount of rainfall compared to both the national average of 50.61 inches and New Hampshire’s average of 73.01 inches. By harnessing this abundant natural resource, you can take advantage of the rainy climate to generate even more solar energy and further reduce your electricity bills.
Lincoln’s UV Rating
Despite Lincoln, New Hampshire’s low average UV rating of 2.87, which places it in the 1st percentile nationally and the 9th percentile in New Hampshire, solar panels can still be highly effective in your area. Even with less sunlight exposure, solar panels can still produce significant amounts of energy, allowing you to save money on your electricity bills and lessen your environmental impact. Making the switch to solar is a smart choice regardless of UV rating.
Lincoln’s Cloud Cover
With an average cloud cover of 63%, Lincoln, New Hampshire may seem less than ideal for solar energy production. However, don’t let the clouds deter you! By installing solar panels, you can still generate substantial amounts of electricity, even on overcast days. You can take advantage of sunnier days to offset any dips in production, ultimately saving you money and reducing your reliance on traditional grid electricity.
Lincoln New Hampshire Electricity Costs
Lincoln residents pay around $0.19/kw for electricity, placing them in the 97th percentile nationally and the 88th percentile within New Hampshire. While this may be higher than the national average of $0.13/kw, investing in solar panels offers a long-term solution to combat these high costs. By producing your own clean energy, you can stabilize your electricity expenses, reduce your carbon footprint, and potentially even earn money through incentives like net metering.
When could you expect to break even on a solar installation in Lincoln New Hampshire?
Considering the weather and electricity costs in Lincoln, 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:
- Lincoln, New Hampshire gets more precipitation than the national average, which can impact solar panel efficiency.
- The UV ratings in Lincoln, New Hampshire are lower compared to the national average, which may affect solar power generation.
- Cloud cover in Lincoln, New Hampshire is higher than the national average, which can reduce the amount of sunlight reaching the solar panels.
Now, let’s consider the electricity costs:
- Residents in Lincoln, 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.
- With higher electricity rates in Lincoln, New Hampshire, the savings will be significant.
After analyzing the data, it appears that it would take approximately 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the money saved on electricity bills will begin to compensate for the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years after the initial payback period. Installing solar panels is a wise financial decision that not only saves money but also contributes to a greener environment.
Investing in solar power in Lincoln New Hampshire
Considering the weather and electricity costs in Lincoln, New Hampshire, it is clear that investing in solar panels can lead to significant long-term financial benefits. Despite higher precipitation, lower UV ratings, and increased cloud cover, solar panels can still generate substantial amounts of energy, ultimately saving you money on electricity bills. With Lincoln residents paying above-average costs for electricity, the initial investment in solar panels can be recouped in approximately 5-6 years, after which the savings will continue for many more years. By making the switch to solar energy, not only can you save money, but you can also reduce your carbon footprint and contribute to a cleaner, greener environment.