Overview
The benefits of installing solar panels in Derry, New Hampshire are clear when looking at the financial savings over time. With the average electricity cost and weather data in mind, this article will break down the costs of a solar system and estimate how long it will take to break even on the investment. By harnessing the power of the sun, residents can significantly reduce their monthly electricity bills and potentially even make money in the long run.
Derry New Hampshire Weather Trends
Derry Precipitation
With 70.35 inches of precipitation in the last year, Derry, New Hampshire is in the 89th percentile nationwide and the 35th percentile in the state. Compared to the national average of 50.61 inches, Derry receives more rainfall. However, when looking at New Hampshire’s average of 73.01 inches, Derry falls slightly below. Despite this, the ample rainfall can help keep solar panels clean and functioning efficiently.
Derry’s UV Rating
Derry New Hampshire had an average UV rating of 3.54 in the last year, placing it in the 20th percentile in the country and the 88th percentile in the state. While Derry’s UV rating is lower than the national average of 4.29, it is higher than New Hampshire’s average of 3.25. With an average max UV rating of 3.76, Derry can still benefit from sunlight to power solar panels, even though it’s lower than the national and state averages.
Derry’s Cloud Cover
On average, Derry New Hampshire experiences 51% cloud cover, ranking it in the 78th percentile nationally and the 15th percentile within the state. While Derry’s cloud cover exceeds the national average of 44.46%, it is below New Hampshire’s average of 55.38%. With a balance of clear and cloudy days, Derry offers enough sunlight to make solar energy a viable option for residents.
Derry New Hampshire Electricity Costs
Derry residents pay about $0.19/kw for electricity, placing them in the 97th percentile in the nation and the 88th percentile in the state. While this cost is higher than the national average of $0.13/kw, it aligns with New Hampshire’s average of $0.19/kw. By installing solar panels, residents can reduce reliance on traditional electricity sources and potentially save money in the long run.
When could you expect to break even on a solar installation in Derry New Hampshire?
Considering the weather and electricity costs in Derry, 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:
- Derry receives more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Derry are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Derry is slightly higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Derry 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 solar system generates electricity, reducing the amount of electricity needed from the grid.
- Given Derry’s higher electricity rates, the savings from using solar power are significant.
After analyzing the numbers, it seems that it would take around 6 to 7 years to cover the initial cost of the solar panels in Derry, New Hampshire. This means that after this period, the money saved on electricity bills will start to accumulate and offset the investment. Remember, solar panels have a long lifespan, so you will continue to benefit from these savings for many years. It’s a wise choice for saving money and contributing to environmental conservation!
Investing in solar power in Derry New Hampshire
After analyzing the data on weather trends and electricity costs in Derry, New Hampshire, it is evident that investing in solar panels can lead to significant financial savings over time. With the potential to break even on the initial cost in around 6 to 7 years, residents can enjoy reduced electricity bills and even make money in the long run. By harnessing the power of the sun, Derry residents can not only save money but also contribute to environmental conservation. Installing solar panels is a smart choice for those looking to save money and reduce their carbon footprint in Derry, New Hampshire.