Overview
Are you an East Providence resident looking to save money on your electricity bills? Installing solar panels on your home could be a smart financial move for you. In this article, we will look at the cost of a solar system for an East Providence home, and estimate how long it will take for you to break even on your investment. By analyzing weather data and electricity costs specific to East Providence, we will show you the potential financial benefits of going solar.
East Providence Rhode Island Weather Trends
East Providence Precipitation
With East Providence receiving 65.34 inches of precipitation in the last year, it falls in the 81st percentile in the nation and the 10th percentile in Rhode Island. Compared to the national average of 50.61 inches and Rhode Island’s average of 70.49 inches, it is clear that East Providence experiences more precipitation than most places in the country, making it an ideal location for solar panel installation.
East Providence’s UV Rating
East Providence had an average UV rating of 3.77 in the last year, which places it in the 34th percentile in the nation and the 84th percentile in Rhode Island. While the national average for UV rating is 4.29, Rhode Island’s average is slightly lower at 3.7. With an average max UV rating of 4.02, East Providence receives a good amount of sunlight, making it conducive to solar energy production.
East Providence’s Cloud Cover
East Providence had an average of 49% cloud cover in the last year, ranking it in the 69th percentile in the nation and the 30th percentile in Rhode Island. With varying levels of cloud cover throughout the year, East Providence still receives a considerable amount of sunlight suitable for solar energy generation. The national average for cloud cover is 44.46%, while Rhode Island’s average is slightly higher at 49.35%.
East Providence Rhode Island Electricity Costs
Residents in East Providence pay about $0.22/kw for electricity, putting them in the 99th percentile in the nation and the 67th percentile in Rhode Island. Compared to the national average of $0.13/kw, East Providence’s electricity costs are significantly higher. By installing solar panels, residents can significantly reduce their electricity bills and take advantage of the abundant sunlight the city receives for sustainable energy production.
When could you expect to break even on a solar installation in East Providence Rhode Island?
Considering the weather and electricity costs in East Providence Rhode Island, 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:
- East Providence Rhode Island gets more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings are slightly lower than the national average, but they’re still good for generating solar power.
- Cloud cover is slightly higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in East Providence Rhode Island 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 you don’t need to buy as much from the grid.
- With higher electricity rates in East Providence Rhode Island, the savings are even greater.
After crunching the numbers, it looks like it would take around 7 years to cover the initial cost of the solar panels. That means, after 7 years, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in East Providence Rhode Island
After analyzing the weather trends and electricity costs in East Providence, Rhode Island, it is clear that installing solar panels can be a financially beneficial decision for residents. Despite receiving more precipitation than the national average, East Providence still enjoys ample sunlight suitable for solar energy production. With higher electricity costs in the area, the potential savings from using solar power are significant. Based on our calculations, it would take approximately 7 years to break even on the initial investment in solar panels. This means that residents can start enjoying savings on their electricity bills and contribute to sustainable energy production. Investing in solar panels in East Providence is not only a smart financial move but also a step towards a greener future.