Overview
Are you tired of high electricity bills in Fall River, Massachusetts? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data and electricity costs in the area, we will show you how much you can save by going solar. With the potential to break even on your investment in a few years, solar power can help you save money in the long run while also reducing your carbon footprint. Read on to discover the financial benefits of switching to solar energy in Fall River.
Fall River Massachusetts Weather Trends
Fall River Precipitation
With Fall River receiving 68.13 inches of precipitation in the last year, it is evident that the city experiences substantial rainfall. Compared to the rest of the country, Fall River falls in the 86th percentile for total precipitation. In contrast, it ranks in the 49th percentile within Massachusetts. The national average for total precipitation is 50.61 inches, while Massachusetts averages at 68.09 inches. This high amount of rainfall makes Fall River an ideal location for harnessing solar energy.
Fall River’s UV Rating
In terms of UV rating, Fall River had an average of 3.71 in the last year. This places the city in the 30th percentile nationwide but in the 85th percentile within Massachusetts. The national average UV rating is 4.29, while Massachusetts averages at 3.69. Additionally, Fall River’s average max UV rating of 3.86 ranks it in the 27th percentile nationally and the 63rd percentile within Massachusetts. These UV ratings indicate that Fall River receives a good amount of sunlight throughout the year, making it a great location for solar panel installation.
Fall River’s Cloud Cover
On average, Fall River experiences a 49% cloud cover, ranking it in the 69th percentile in the nation but only in the 7th percentile within Massachusetts. The national average for cloud cover is 44.46%, while Massachusetts’s average is higher at 50.86%. With a significant number of days having lower cloud cover percentages, Fall River provides ample sunshine for optimal solar energy generation.
Fall River Massachusetts Electricity Costs
Residents in Fall River pay an average of $0.23/kw for electricity, putting the city in the 99th percentile in the nation and the 93rd percentile in Massachusetts. In comparison, the national average for residential electricity is $0.13/kw, while Massachusetts residents pay around $0.22/kw. With such high electricity costs, investing in solar panels can help Fall River residents save money on their energy bills in the long run, making it a financially wise decision.
When could you expect to break even on a solar installation in Fall River Massachusetts?
Considering the weather and electricity costs in Fall River Massachusetts, 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:
- Fall River Massachusetts gets more rain than the national average, but it still has enough sunshine for solar panels to work effectively.
- The UV ratings in Fall River Massachusetts are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Fall River Massachusetts is about average for the country, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Fall River Massachusetts 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 need to purchase as much from the grid.
- With Fall River Massachusetts’s higher electricity rates, the savings are even more substantial.
After running the numbers, it appears that it would take around 5 years to recoup the initial cost of the solar panels. This means that after 5 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. It’s a wise investment for both your finances and the environment!
Investing in solar power in Fall River Massachusetts
Switching to solar energy in Fall River, Massachusetts can lead to significant financial savings in the long run while also helping reduce your carbon footprint. With above-average rainfall but ample sunlight and lower cloud cover percentages, the city provides an ideal environment for solar panel installation. Coupled with high electricity costs in the area, investing in solar panels can result in breaking even on your initial investment in as little as 5 years. By going solar, not only can you save money on your energy bills, but you can also contribute to a more sustainable future for our planet.