Overview
If you live in Peterborough, New Hampshire, installing solar panels on your home can be a smart financial decision. By analyzing weather data and electricity costs specific to the area, we can show you how much you could save on your energy bills over time. With the right solar system, you could break even on your investment sooner than you think, allowing you to enjoy long-term savings while reducing your carbon footprint.
Peterborough New Hampshire Weather Trends
Peterborough Precipitation
With 76.58 inches of precipitation in the last year, Peterborough, New Hampshire is in the 95th percentile in the nation and the 73rd percentile in New Hampshire. This high level of precipitation can impact electricity costs, making solar panels a wise investment for long-term savings.
Peterborough’s UV Rating
Despite being in the 7th percentile nationally for average UV rating at 3.19, Peterborough, New Hampshire still has great potential for solar energy production. With an average max UV rating of 3.35, residents can benefit from harnessing this renewable resource for significant energy savings over time.
Peterborough’s Cloud Cover
Even with an average of 52% cloud cover, which is above the national average, Peterborough, New Hampshire residents can still benefit from solar panel installation. With varied cloud cover throughout the year, there are still plenty of sunny days to generate clean energy and reduce electricity costs.
Peterborough New Hampshire Electricity Costs
At $0.19/kw, Peterborough, New Hampshire residents are in the 97th percentile in the nation for electricity costs. By investing in solar panels, homeowners can take control of their energy expenses and see substantial savings compared to the national average of $0.13/kw.
When could you expect to break even on a solar installation in Peterborough New Hampshire?
Considering the weather and electricity costs in Peterborough, 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:
- Peterborough receives more precipitation than the national average, but it still has enough sunlight for solar panels to work effectively.
- The UV ratings in Peterborough are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Peterborough is higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Peterborough 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, which means less reliance on the grid.
- With higher electricity rates in Peterborough, the savings from solar power are even more significant.
After doing the calculations, it appears that it would take approximately 4 to 5 years to cover the initial cost of the solar panels. This means that after 4 to 5 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years ahead. Installing solar panels is a wise decision to save money and contribute to a cleaner environment!
Investing in solar power in Peterborough New Hampshire
Overall, installing solar panels in Peterborough, New Hampshire is a smart financial move due to the area’s weather trends and high electricity costs. Despite above-average precipitation and cloud cover, the town still receives enough sunlight to generate significant energy savings. With residents paying more for electricity compared to the national average, investing in solar panels can lead to breaking even on the initial cost within 4 to 5 years. Not only will this investment pay off financially, but it will also help reduce your carbon footprint and contribute to a cleaner environment for years to come.