Overview
If you’re a New London resident looking to save money on your electricity bills, installing solar panels on your home could be a wise investment. By analyzing weather data specific to the area, we can demonstrate the financial benefits of switching to solar power. With New London’s average electricity costs and data on precipitation, UV ratings, and cloud cover, we can estimate the cost of a solar system and how long it will take to break even, ultimately showing you how much you can save in the long run.
New London New Hampshire Weather Trends
New London Precipitation
With New London receiving 72.25 inches of precipitation in the last year, it is higher than the national average of 50.61 inches but slightly lower than New Hampshire’s average of 73.01 inches. By harnessing solar power, you can take advantage of New London’s rainy weather to generate energy and save on electricity costs.
New London’s UV Rating
New London’s average UV rating of 3.25 is lower than both the national average of 4.29 and New Hampshire’s average of 3.45. Despite the lower UV rating, installing solar panels can still be a smart choice as you can benefit from the sun’s energy and lower your reliance on traditional electricity sources.
New London’s Cloud Cover
With an average of 56% cloud cover, New London has more cloud coverage than the national average of 44.46% but is slightly lower than New Hampshire’s average of 55.38%. By going solar, you can generate electricity even on cloudy days, making the most of New London’s weather patterns and reducing your carbon footprint.
New London New Hampshire Electricity Costs
New London residents paying $0.19/kw for electricity are already above the national average of $0.13/kw, showcasing the potential for significant savings with solar energy. By making the switch to solar panels, you can lock in lower energy costs and protect yourself from future price hikes, ultimately leading to long-term financial benefits for your household.
When could you expect to break even on a solar installation in New London New Hampshire?
Considering the weather and electricity costs in New London, 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:
- New London gets more rain than the national average, but it still receives enough sunlight for solar panels to function effectively.
- The UV ratings in New London are slightly lower than the national average, but they are sufficient for generating solar power.
- Cloud cover in New London is slightly higher than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in New London 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 need to purchase as much from the grid.
- Due to New London’s higher electricity rates, the savings from using solar power are even greater.
After crunching the numbers, it looks like it would take around 7 years to cover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will begin to accumulate and pay off the investment. And keep in mind, solar panels have a long lifespan, so after that initial period, you’ll continue to benefit from those savings for many years. It’s a wise investment to save money and contribute to environmental conservation simultaneously!
Investing in solar power in New London New Hampshire
By analyzing New London’s weather trends and electricity costs, it is clear that installing solar panels can result in significant long-term savings for residents. Despite higher precipitation levels, lower UV ratings, and increased cloud cover compared to national averages, solar power can still be a cost-effective and environmentally friendly choice. With residents already paying above the national average for electricity, investing in a solar system can lead to financial benefits over time. After considering all factors, it is evident that switching to solar energy in New London, New Hampshire, is a wise decision that can save you money and reduce your carbon footprint.