Overview
This article will show you how installing solar panels on your home in Newry Maine can save you money in the long run. We will break down the cost of a solar system and estimate how long it will take to break even based on the weather data for the area and your current electricity costs. With the financial benefits of solar energy, you can make a smart investment that will not only save you money but also help the environment.
Newry Maine Weather Trends
Newry Precipitation
With Newry Maine receiving 82.23 inches of precipitation in the last year, it is in the 98th percentile in the nation and the 92nd percentile in Maine. Comparing this to the national average of 50.61 inches and Maine’s average of 73.85 inches, it is evident that Newry experiences a high amount of precipitation.
Newry’s UV Rating
Having an average UV rating of 3.06 in the last year places Newry in the 4th percentile in the nation and the 19th percentile in Maine. When looking at the national average of 4.29 and Maine’s average of 3.29, it is clear that Newry gets less exposure to UV rays. However, with an average max UV rating of 3.22, Newry still receives a decent amount of sunlight.
Newry’s Cloud Cover
Newry Maine had an average cloud cover of 57% in the last year, ranking it in the 92nd percentile in the nation and the 71st percentile in Maine. Compared to the national average of 44.46% and Maine’s average of 55.62%, Newry has slightly more cloudy days. With different percentages of cloud cover experienced throughout the year, there is still a good amount of sunlight available for solar energy.
Newry Maine Electricity Costs
Residents in Newry Maine pay around $0.16/kw for electricity, which places them in the 95th percentile in the nation and the 50th percentile in Maine. In comparison, the national average for residential electricity is $0.13/kw, and Maine’s average is $0.16/kw. By installing solar panels, Newry residents can reduce their reliance on expensive grid electricity and save money over time.
When could you expect to break even on a solar installation in Newry Maine?
Considering the weather and electricity costs in Newry Maine, 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:
- Newry Maine receives more rain than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Newry Maine are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Newry Maine is higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Newry Maine 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 bought from the grid.
- Given the higher electricity rates in Newry Maine, the savings are even more significant.
After analyzing the numbers, 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 start to accumulate and cover the investment. Keep in mind that solar panels have a long lifespan, so beyond that initial period, you’ll continue to enjoy these savings for many years. It’s a wise investment that not only saves money but also benefits the environment at the same time!
Investing in solar power in Newry Maine
Installing solar panels in Newry, Maine can be a smart financial decision in the long run. With higher than average precipitation and cloud cover, the area still receives enough sunlight for solar panels to be effective. Despite paying more for electricity compared to the national average, residents can save money by generating their own power. Based on the analysis, it is estimated that it would take around 6 years to break even on the initial cost of solar panels. This investment not only provides financial benefits but also contributes to environmental sustainability. It’s a win-win situation for both your wallet and the planet!