Overview
Thinking about installing solar panels on your home in Union, New Hampshire? Let’s break down the financial benefits for you. By analyzing weather data and electricity costs specific to Union, we can estimate how long it will take for you to see a return on your investment. With the potential to save money on your electricity bills and take advantage of the sunny days in Union, a solar system could be a wise long-term financial decision for you.
Union New Hampshire Weather Trends
Union Precipitation
With Union, New Hampshire receiving 83.72 inches of precipitation in the last year, it is clear that the area has a lot of rainfall. Compared to the national average of 50.61 inches, Union is in the 98th percentile in the nation and the 93rd percentile in New Hampshire. This means that Union has ample rainfall to help keep your solar panels clean and operating efficiently throughout the year.
Union’s UV Rating
Union, New Hampshire had an average UV rating of 3.35 in the last year. Although this puts Union in the 13th percentile in the nation, it is still higher than the New Hampshire average of 3.25. With the sun shining for a significant portion of the year, installing solar panels in Union can help you take advantage of the sunlight and maximize your energy production.
Union’s Cloud Cover
With an average cloud cover of 54% in Union, New Hampshire, the area experiences a moderate amount of cloud cover throughout the year. While this puts Union in the 86th percentile in the nation, it is lower than the New Hampshire average of 55.38%. With a good balance between sunny and cloudy days, Union offers ideal conditions for solar panel installation.
Union New Hampshire Electricity Costs
Residents in Union, New Hampshire pay about $0.19/kw for electricity, which is in the 97th percentile in the nation and the 88th percentile in New Hampshire. While this may seem high compared to the national average of $0.13/kw, installing solar panels can help you offset these costs and potentially save a significant amount of money on your electricity bills in the long run.
When could you expect to break even on a solar installation in Union New Hampshire?
Considering the weather and electricity costs in Union 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:
- Union New Hampshire receives more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Union New Hampshire are slightly lower than the national average, but they are still sufficient for generating solar power.
- Cloud cover in Union New Hampshire is higher than the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Union 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 need to purchase from the grid.
- Given Union New Hampshire’s higher electricity rates, the savings will be significant.
Based on the calculations, it would take approximately 7-9 years to cover the initial cost of the solar panels. After this period, the money saved on electricity bills will start accumulating and pay off the investment. Since solar panels have a long lifespan, you will continue to benefit from these savings for many years. Investing in solar energy is a smart way to save money and contribute to a more sustainable environment.
Investing in solar power in Union New Hampshire
Ultimately, installing solar panels in Union, New Hampshire can be a beneficial long-term financial decision. With the area receiving ample rainfall and sunlight, along with electricity costs higher than the national average, the investment in solar panels could be recouped in approximately 7-9 years. Not only will you save money on electricity bills, but you will also contribute to a more sustainable environment. Consider the data and make an informed decision to potentially save money and harness the power of the sun for your home.