Overview
Are you a New Durham New Hampshire resident looking to save money on your electricity bill? Installing solar panels on your home could be the solution you’ve been searching for. 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. By analyzing weather data and electricity costs specific to New Durham, we will show you how making the switch to solar energy can lead to significant long-term financial benefits for you and your family.
New Durham New Hampshire Weather Trends
New Durham Precipitation
New Durham New Hampshire received 78.87 inches of precipitation in the last year, ranking it in the 96th percentile in the nation and the 83rd percentile in New Hampshire. Compared to the national average of 50.61 inches and New Hampshire’s average of 73.01 inches, New Durham experiences a significant amount of precipitation. By harnessing this natural resource with solar panels, you can take advantage of the sun’s energy even on rainy days.
New Durham’s UV Rating
In the last year, New Durham New Hampshire had an average UV rating of 3.39, placing it in the 14th percentile in the nation and the 73rd percentile in New Hampshire. Although New Durham may not have the highest UV rating compared to the national average of 4.29 and New Hampshire’s average of 3.25, there is still plenty of sunlight to power your home with solar energy. With the right solar panel system, you can generate electricity even on days with lower UV ratings.
New Durham’s Cloud Cover
New Durham New Hampshire had an average of 53% cloud cover in the last year, ranking it in the 82nd percentile in the nation and the 30th percentile in New Hampshire. While New Durham may have more cloud cover compared to the national average of 44.46% and New Hampshire’s average of 55.38%, there are still plenty of days with clear skies. By installing solar panels, you can capture sunlight during those clear days and reduce your dependency on traditional electricity sources.
New Durham New Hampshire Electricity Costs
New Durham residents pay about $0.19/kw for electricity, placing them in the 97th percentile in the nation and the 88th percentile in New Hampshire. Although New Durham’s electricity costs are on par with the state average of $0.19/kw, they are higher than the national average of $0.13/kw. By switching to solar energy, you can reduce your reliance on expensive traditional electricity and save money in the long run.
When could you expect to break even on a solar installation in New Durham New Hampshire?
Considering the weather and electricity costs in New Durham, 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:
- New Durham gets more precipitation than the national average, which may affect the efficiency of solar panels.
- The UV ratings in New Durham are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in New Durham is higher than the national average, which could impact the amount of sunlight reaching the solar panels.
Now, let’s consider the electricity costs:
- Residents in New Durham pay more for electricity compared to the national average, which increases the potential savings from using solar power.
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 purchased from the grid.
- Given the higher electricity rates in New Durham, the savings are potentially significant.
After analyzing the numbers, it appears that it would take approximately 8 years to cover the initial cost of the solar panels. This means that after 8 years, the money saved on electricity bills will begin to accumulate and offset the investment. Additionally, considering the long lifespan of solar panels, the savings will continue for many years beyond that initial payback period. It’s a wise financial decision and an environmentally responsible choice.
Investing in solar power in New Durham New Hampshire
Considering the weather trends and electricity costs in New Durham, New Hampshire, it is clear that investing in solar panels can result in significant long-term financial benefits. Despite the higher precipitation and cloud cover in the area, the lower UV ratings, and the above-average electricity costs, the break-even point for a standard 10kW solar system is estimated to be around 8 years. This means that after 8 years, the savings on electricity bills will start to outweigh the initial investment, leading to continued savings for many more years. Switching to solar energy not only makes financial sense but also contributes to a more sustainable and eco-friendly future for you and your family.