Overview
Learn how installing solar panels on your home in Newmarket, New Hampshire can save you money on your electricity bills. By analyzing weather data and electricity costs over the course of a year, we will show you how investing in solar energy can help you break even on your initial investment sooner than you might think. Our comprehensive breakdown of the costs involved will demonstrate the financial benefits of switching to solar power, making it a smart decision for your wallet and the environment.
Newmarket New Hampshire Weather Trends
Newmarket Precipitation
In the last year, Newmarket, New Hampshire received 72.11 inches of precipitation, placing it in the 91st percentile in the nation and the 45th percentile in New Hampshire. Compared to the national average of 50.61 inches, Newmarket experiences significantly more rainfall. This abundance of precipitation makes Newmarket an ideal location for harnessing solar energy, as solar panels can still generate electricity even on cloudy days.
Newmarket’s UV Rating
In the last year, Newmarket, New Hampshire had an average UV rating of 3.51, positioning it in the 19th percentile in the nation and the 84th percentile in New Hampshire. While Newmarket may not receive as much sunlight as other areas in the country, it still has a substantial amount of sun exposure. With an average max UV rating of 3.7, Newmarket residents can benefit from solar energy systems that can efficiently convert sunlight into electricity, helping them save money on their electricity bills.
Newmarket’s Cloud Cover
In the last year, Newmarket, New Hampshire had an average of 51% cloud cover, placing it in the 76th percentile in the nation and the 5th percentile in New Hampshire. With 95 days of clear skies and 97 days of partly cloudy skies, Newmarket offers ample opportunities for solar panels to capture sunlight and generate electricity. By taking advantage of these sunny days, residents can reduce their dependence on traditional grid electricity and lower their carbon footprint.
Newmarket New Hampshire Electricity Costs
Newmarket, New Hampshire residents pay about $0.19/kw for electricity, which is higher than the national average of $0.13/kw. By investing in solar panels, homeowners can offset these high electricity costs and potentially even save money in the long run. With the abundance of precipitation and sunlight in Newmarket, solar energy is a financially viable and environmentally-friendly option for reducing energy expenses and promoting sustainability.
When could you expect to break even on a solar installation in Newmarket New Hampshire?
Considering the weather and electricity costs in Newmarket, 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:
- Newmarket receives more precipitation than the national average, but it still gets enough sunlight for solar panels to be effective.
- The UV ratings in Newmarket are slightly lower than the national average, but they are still sufficient for generating solar power.
- Newmarket has slightly higher cloud cover compared to the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Newmarket 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 from the grid.
- Considering Newmarket’s higher electricity rates, the savings are even more significant.
After analyzing the data, it appears that it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, you will continue to enjoy those savings for many years to come. Investing in solar panels is not only a smart financial decision but also beneficial for the environment.
Investing in solar power in Newmarket New Hampshire
Investing in solar panels in Newmarket, New Hampshire is a wise decision that can help you save money on your electricity bills in the long run. With the abundance of precipitation and sunlight in the area, solar energy systems can be highly effective and provide substantial savings over time. By analyzing the weather data and electricity costs, it is clear that homeowners could break even on their initial investment in solar panels in as little as 6 years. This initial investment will continue to pay off for decades to come, making solar power a smart financial choice for residents of Newmarket. Not only will switching to solar energy benefit your wallet, but it will also contribute to a more sustainable future for the environment. Consider the financial benefits and environmental impact when deciding whether to install solar panels on your home in Newmarket, New Hampshire.