Overview
This article will show you how installing solar panels on your home in East Derry, New Hampshire can save you money in the long run. By looking at the weather data for the area, we can see that East Derry receives enough sunlight throughout the year to make solar panels a worthwhile investment. We will break down the costs of a solar system and estimate how long it will take for you to break even based on your current electricity costs. Let’s explore the financial benefits of going solar in East Derry.
East Derry New Hampshire Weather Trends
East Derry Precipitation
With East Derry, New Hampshire receiving 70.21 inches of precipitation last year, you may be concerned about how this affects solar panel performance. However, it’s important to note that East Derry is actually in the 34th percentile in New Hampshire for total precipitation, and the 89th percentile nationwide. This means that despite the relatively high precipitation levels, solar panels can still be a viable option for your home in East Derry.
East Derry’s UV Rating
When considering solar panel installation in East Derry, New Hampshire, it’s essential to look at the UV rating. With an average UV rating of 3.54, East Derry is in the 89th percentile in the state and 21st percentile nationwide. While this may seem lower compared to the national average of 4.29, it’s important to remember that solar panels can still be highly efficient in capturing sunlight and converting it to energy in East Derry.
East Derry’s Cloud Cover
Despite East Derry, New Hampshire having an average of 51% cloud cover, which is higher than the national average, solar panels can still be highly effective. With 90 days of minimal cloud cover and 102 days with moderate cloud cover, there are plenty of sunny days in East Derry to generate solar energy and save on electricity costs. Don’t let cloud cover deter you from considering solar panels for your home.
East Derry New Hampshire Electricity Costs
Residents in East Derry, New Hampshire pay about $0.19/kw for electricity, which is higher than the national average. However, by investing in solar panels, you can significantly reduce your electricity costs over time and even generate excess energy to sell back to the grid. With the potential for long-term savings, it’s worth considering making the switch to solar power in East Derry.
When could you expect to break even on a solar installation in East Derry New Hampshire?
Considering the weather and electricity costs in East 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:
- East Derry gets more rain than the national average, but it still has enough sunlight for solar panels to work effectively.
- The UV ratings in East Derry are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in East Derry is a bit higher than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in East 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 system generates electricity, reducing the need to buy as much from the grid.
- With East Derry’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 7-8 years to cover the initial cost of the solar panels. This means that after 7-8 years, the money saved on electricity bills will start to add up and pay off the investment. Since solar panels last for a long time, you’ll continue to enjoy those savings for many years to come. It’s a wise investment in both your finances and the environment!
Investing in solar power in East Derry New Hampshire
In conclusion, installing solar panels on your home in East Derry, New Hampshire can result in significant long-term savings on electricity costs. Despite the area receiving more precipitation than the national average and having slightly lower UV ratings, solar panels can still be highly efficient in generating solar power. With the potential to break even on the initial installation cost in around 7-8 years, investing in solar panels in East Derry is a smart financial decision that can benefit both your wallet and the environment for many years to come.