Overview
In Lisbon, New Hampshire, investing in solar panels for your home can lead to significant financial benefits. By analyzing weather data and electricity costs over the course of a year, we can show you how much money you could save by making the switch to solar energy. We’ll break down the costs of a solar system and estimate how long it will take for you to break even, making solar power a smart economic choice for residents in Lisbon.
Lisbon New Hampshire Weather Trends
Lisbon Precipitation
With Lisbon, New Hampshire receiving 69.04 inches of precipitation in the last year, you are in the 87th percentile in the nation and the 27th percentile in New Hampshire. Compared to the national average of 50.61 inches and New Hampshire’s average of 73.01 inches, Lisbon’s rainfall makes it an ideal location for harnessing solar energy efficiently.
Lisbon’s UV Rating
Over the past year, Lisbon, New Hampshire has had an average UV rating of 3, ranking you in the 3rd percentile nationwide and in the 16th percentile within New Hampshire. The national average UV rating is 4.29, while New Hampshire’s average is 3.25. With an average max UV rating of 3.19, Lisbon is well-positioned to benefit from solar panel installations.
Lisbon’s Cloud Cover
With an average of 63% cloud cover in the last year, Lisbon, New Hampshire ranks in the 99th percentile in the nation and the 92nd percentile in the state. Compared to the national average of 44.46% and New Hampshire’s average of 55.38%, Lisbon’s abundant sunlight makes it an excellent candidate for solar energy production.
Lisbon New Hampshire Electricity Costs
Lisbon, New Hampshire residents pay about $0.19/kw for electricity, placing you in the 97th percentile nationwide and the 88th percentile in the state. In comparison, the national average for residential electricity is $0.13/kw, while New Hampshire’s average is $0.19/kw. By making the switch to solar energy, you can lower your electricity costs and save money in the long run.
When could you expect to break even on a solar installation in Lisbon New Hampshire?
Considering the weather and electricity costs in Lisbon, 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:
- Lisbon, New Hampshire receives more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Lisbon, New Hampshire are slightly lower than the national average, but they are still suitable for generating solar power.
- The cloud cover in Lisbon, New Hampshire is higher than the national average, with a significant number of days with more than 75% cloud cover.
Now, let’s consider the electricity costs:
- Residents in Lisbon, 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.
- Due to Lisbon, New Hampshire’s higher electricity rates, the savings are even more significant.
After analyzing the data, it appears that it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Since solar panels have a long lifespan, you will continue to enjoy these savings for many years beyond that initial period. It’s a wise investment that allows you to save money while also contributing to a greener environment!
Investing in solar power in Lisbon New Hampshire
Investing in solar panels in Lisbon, New Hampshire can lead to substantial financial benefits. With the city’s favorable weather conditions and higher-than-average electricity costs, residents have the opportunity to break even on their investment in about 6 years. This means that after this initial period, the savings on electricity bills will accumulate, making solar power a smart economic choice for residents in Lisbon. Not only will you save money in the long run, but you’ll also be contributing to a greener environment by harnessing the power of the sun!