Overview
In Lyme Center, New Hampshire, installing solar panels on your home can lead to significant savings on your electricity bill. By analyzing weather data and electricity costs in the area, we estimate the cost of a solar system and how long it will take to break even. With plentiful sunshine and favorable weather conditions, investing in solar energy can not only benefit the environment but also your wallet in the long run.
Lyme Center New Hampshire Weather Trends
Lyme Center Precipitation
With Lyme Center New Hampshire receiving 66.29 inches of precipitation in the last year, it is in the 83rd percentile in the nation and the 14th percentile in New Hampshire. This is higher than the national average of 50.61 inches but lower than the state average of 73.01 inches. Installing solar panels can help offset the electricity costs associated with running devices during inclement weather conditions.
Lyme Center’s UV Rating
Having an average UV rating of 3.09 in the last year, Lyme Center ranks in the 4th percentile nationwide and the 23rd percentile in New Hampshire. While this is lower than the national average of 4.29, it is slightly below the state average of 3.25. Solar panels can still produce energy even on days with lower UV ratings, making them a reliable investment for your home.
Lyme Center’s Cloud Cover
With an average of 60% cloud cover in the last year, Lyme Center is in the 96th percentile in the nation and the 88th percentile in New Hampshire. This is higher than the national average of 44.46% but slightly lower than the state average of 55.38%. By harnessing solar energy on clear days and storing it for use on cloudier days, you can maximize your solar power generation and reduce reliance on traditional electricity sources.
Lyme Center New Hampshire Electricity Costs
Residents in Lyme Center pay about $0.2/kw for electricity, placing them in the 98th percentile nationally and the highest percentile in New Hampshire. This is significantly higher than the national average of $0.13/kw and slightly above the state average of $0.19/kw. By investing in solar panels, you can lower your electricity bills and potentially even generate excess energy to sell back to the grid, further offsetting costs.
When could you expect to break even on a solar installation in Lyme Center New Hampshire?
Considering the weather and electricity costs in Lyme Center 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:
- Lyme Center New Hampshire receives more precipitation than the national average, but still has enough sunny days for solar panels to be effective.
- The UV ratings in Lyme Center New Hampshire are lower than the national average, but still decent for generating solar power.
- Cloud cover in Lyme Center New Hampshire is higher than the national average, with a significant number of days having high cloud cover.
Now, let’s consider the electricity costs:
- Residents in Lyme Center 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.
- Given the higher electricity rates in Lyme Center New Hampshire, the savings will be significant.
After crunching the numbers, it looks like it would take around 6-7 years to cover the initial cost of the solar panels. That means, after 6-7 years, the money saved on electricity bills will begin to offset the investment. Since solar panels last for many years, the savings accumulated over time will far exceed the initial cost. It’s a wise investment for both your wallet and the environment!
Investing in solar power in Lyme Center New Hampshire
Installing solar panels in Lyme Center, New Hampshire, can be a smart investment that benefits both your finances and the environment. With the high electricity costs in the area and favorable weather conditions for solar power generation, you can expect to break even on the initial cost of the solar system in about 6-7 years. As solar panels have a long lifespan, the savings on electricity bills over time will far exceed the installation cost, making it a wise choice for homeowners looking to save money and reduce their carbon footprint.