Overview
Are you tired of high electricity bills in Exeter, New Hampshire? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data and electricity costs over the course of a year, we have determined that investing in a solar system could lead to significant savings in the long run. In this article, we will break down the cost of a solar system and estimate how long it will take for you to break even, allowing you to make an informed decision about whether solar is the right choice for your home.
Exeter New Hampshire Weather Trends
Exeter Precipitation
With Exeter receiving 65.06 inches of precipitation in the last year, it falls in the 11th percentile in New Hampshire and the 81st percentile in the nation. This means that despite being lower than the state average, Exeter still sees a significant amount of rainfall compared to the rest of the country. Installing solar panels can help you take advantage of this natural resource to reduce your electricity bills and contribute to a greener environment.
Exeter’s UV Rating
Exeter’s average UV rating of 3.53 places it in the 88th percentile in New Hampshire and the 20th percentile in the nation. Although Exeter may not have the highest UV rating, it is still sufficient for effective solar energy generation. By harnessing the power of the sun, you can tap into a reliable source of renewable energy that will not only save you money but also reduce your carbon footprint.
Exeter’s Cloud Cover
With an average cloud cover of 51%, Exeter is in the 7th percentile in New Hampshire and the 77th percentile in the nation. This means that Exeter has relatively clear skies, providing ample opportunities for solar energy production. By installing solar panels, you can capitalize on these sunny days and offset your reliance on traditional grid electricity, leading to long-term savings and environmental benefits.
Exeter New Hampshire Electricity Costs
Exeter residents pay about $0.18/kw for electricity, putting them in the 50th percentile in New Hampshire and the 97th percentile in the nation. While electricity costs in Exeter may be higher than the state average, investing in solar panels can significantly lower your monthly bills and protect you from future rate hikes. By making the switch to solar energy, you can take control of your energy expenses and enjoy a more sustainable lifestyle.
When could you expect to break even on a solar installation in Exeter New Hampshire?
Considering the weather and electricity costs in Exeter, 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:
- Exeter receives more precipitation than the national average, but it still gets enough sun for solar panels to be effective.
- The UV ratings in Exeter are slightly lower than the national average but are still sufficient for generating solar power.
- Cloud cover in Exeter is slightly higher than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Exeter 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 Exeter’s higher electricity rates, the savings from solar power are even more significant.
After analyzing the numbers, it appears that it would take approximately 5-6 years to cover the initial cost of the solar panels. This means that after this time, the money saved on electricity bills will start to exceed the investment. Additionally, with solar panels lasting for 25-30 years, you can enjoy these savings for many years to come. Investing in solar power is a wise way to save money and contribute to a cleaner environment simultaneously!
Investing in solar power in Exeter New Hampshire
Installing solar panels in Exeter, New Hampshire could be a smart financial decision for homeowners looking to save money on electricity bills. With favorable weather conditions and higher-than-average electricity costs, investing in solar energy can lead to significant long-term savings. By taking advantage of Exeter’s ample sunlight and clear skies, residents can harness the power of the sun to generate renewable energy and reduce their carbon footprint. Based on our analysis, it would take approximately 5-6 years to break even on the initial cost of a solar system, with the savings outweighing the investment in the long run. Not only will solar panels help you save money, but they will also allow you to enjoy a more sustainable lifestyle while contributing to a cleaner environment for years to come.