Overview
If you live in Cheswold, Delaware, you may be wondering if investing in solar panels for your home is worth it. This article will show you how the financial benefits far outweigh the initial cost. By analyzing weather data and electricity costs specific to Cheswold, we can estimate how long it will take for a solar system to pay for itself. With abundant sunshine and potential savings on electricity bills, going solar is a smart choice for residents looking to save money in the long run.
Cheswold Delaware Weather Trends
Cheswold Precipitation
With Cheswold receiving 61.27 inches of precipitation in the last year, it is clear that the area has an abundance of rain. This puts Cheswold above the national average of 50.61 inches, making it a great location for harnessing solar energy. Although Delaware’s average precipitation is slightly higher at 62.92 inches, Cheswold still ranks favorably in comparison to the rest of the state.
Cheswold’s UV Rating
Cheswold’s average UV rating of 4.23 in the last year indicates a significant amount of sunlight, perfect for solar panels. While the national average UV rating is 4.29, Cheswold’s slightly lower rating still places it above average. Delaware’s average UV rating of 4.34 is only slightly higher than Cheswold’s, showing that the town is in a prime location for solar energy production.
Cheswold’s Cloud Cover
With an average of 43% cloud cover in Cheswold over the last year, residents can expect ample sunlight for their solar panels. Although the national average for cloud cover is slightly higher at 44.46%, Cheswold’s lower percentage indicates more clear days for solar energy production. Additionally, with a distribution of cloud cover days ranging from minimal to overcast, there are plenty of opportunities for solar energy generation throughout the year.
Cheswold Delaware Electricity Costs
Cheswold residents pay about $0.12/kw for electricity, which is lower than the national average of $0.13/kw. With Delaware’s average electricity cost also at $0.12/kw, Cheswold residents have the advantage of already paying a competitive rate. By installing solar panels and generating their own renewable energy, homeowners can further reduce their electricity bills and enjoy cost savings in the long run.
When could you expect to break even on a solar installation in Cheswold Delaware?
Considering the weather and electricity costs in Cheswold Delaware, 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:
- Cheswold Delaware receives more precipitation compared to the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Cheswold Delaware are slightly lower than the national average, but they are still suitable for generating solar power.
- The cloud cover in Cheswold Delaware is around the national average, with fluctuations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Cheswold Delaware pay about $0.12/kw for electricity, which is slightly lower than the national average of $0.13/kw.
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 solar system reduces the amount of electricity needed from the grid, resulting in savings on electricity bills.
- Given Cheswold Delaware’s electricity costs, the savings from using solar power are significant.
After calculating the numbers, it appears that it would take around 5 years to cover the initial cost of the solar panels. This means that after 5 years, the money saved on electricity bills will begin to recoup the investment. Furthermore, considering the long lifespan of solar panels, the savings will accumulate over many years, making it a wise financial and environmentally-friendly choice.
Investing in solar power in Cheswold Delaware
Based on the analysis of weather data and electricity costs specific to Cheswold, Delaware, it is clear that investing in solar panels for your home is a financially beneficial choice. With abundant sunshine, lower-than-average electricity costs, and the potential to break even on the initial cost in around 5 years, going solar is a smart decision for Cheswold residents. Not only will you save money in the long run, but you will also be contributing to a more sustainable future by relying on renewable energy. Make the switch to solar today and start enjoying the benefits!