Overview
In Westmoreland, New Hampshire, installing solar panels on your home can be a wise financial decision. By analyzing weather data and electricity costs specific to the area, we have determined that residents can save money in the long run by making the switch to solar energy. In this article, we will break down the cost of a solar system, estimate the time it will take to break even, and highlight the financial benefits of going solar in Westmoreland.
Westmoreland New Hampshire Weather Trends
Westmoreland Precipitation
In the last year, Westmoreland, New Hampshire received 72.14 inches of precipitation, placing it in the 91st percentile in the nation. While this may seem high compared to the national average of 50.61 inches, it is actually lower than New Hampshire’s average of 73.01 inches. By harnessing solar energy, residents can offset some of their electricity usage, reducing their environmental impact and saving money in the long run.
Westmoreland’s UV Rating
In the last year, Westmoreland, New Hampshire had an average UV rating of 3.32, which is lower compared to both the national average of 4.29 and New Hampshire’s average of 3.25. With solar panels, residents can take advantage of the sunlight and convert it into clean, renewable energy. By tapping into this valuable resource, homeowners can decrease their reliance on traditional energy sources and lower their electricity bills.
Westmoreland’s Cloud Cover
Westmoreland, New Hampshire experienced an average cloud cover of 55% in the last year, higher than the national average of 44.46%. While this may seem like a challenge for solar energy production, modern solar panel technology is efficient enough to generate electricity even on cloudy days. By investing in solar panels, residents can still benefit from solar energy, reducing their carbon footprint and saving money on their electric bills.
Westmoreland New Hampshire Electricity Costs
Residents of Westmoreland, New Hampshire pay around $0.19/kw for electricity, which is higher than the national average of $0.13/kw. However, by switching to solar power, homeowners can lock in their electricity costs and protect themselves from future rate hikes. With the potential for significant savings over time, investing in solar panels can provide both financial stability and environmental benefits for residents of Westmoreland.
When could you expect to break even on a solar installation in Westmoreland New Hampshire?
Considering the weather and electricity costs in Westmoreland 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:
- Westmoreland New Hampshire receives more precipitation than the national average, but it still has enough sun for solar panels to be effective.
- The UV ratings in Westmoreland New Hampshire are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Westmoreland New Hampshire is higher than the national average, ranging from low to high cloud cover throughout the year.
Now, let’s consider the electricity costs:
- Residents in Westmoreland 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 to be purchased from the grid.
- Due to the higher electricity rates in Westmoreland New Hampshire, the savings are significant.
After analyzing the numbers, 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 start to offset the investment. Since solar panels have a long lifespan, you will continue to benefit from these savings for many years beyond the initial payback period. Investing in solar energy is a wise financial decision that also contributes to environmental protection and sustainability.
Investing in solar power in Westmoreland New Hampshire
Based on the analysis of weather data and electricity costs specific to Westmoreland, New Hampshire, it is evident that installing solar panels can be a smart financial move for residents. Despite higher levels of precipitation and cloud cover in the area, solar panels can still effectively generate clean energy and provide significant savings on electricity bills. With an estimated break-even period of around 6 years, investing in solar energy not only offers financial stability but also supports environmental protection and sustainability. Residents of Westmoreland can benefit in the long run by making the switch to solar power.