Overview
Are you a Summit Point West Virginia resident looking to save money on your electricity bill? Installing solar panels on your home could be a cost-effective solution for you. In this article, we will break down the financial benefits of investing in a solar system based on weather data specific to Summit Point, as well as estimate the time it will take for you to break even on your investment. With average annual savings and incentives available, going solar could be a smart choice for your wallet in the long run.
Summit Point West Virginia Weather Trends
Summit Point Precipitation
With 51.39 inches of precipitation in the last year, Summit Point ranks in the 51st percentile nationwide and the 19th percentile in West Virginia. The national average stands at 50.61 inches, while West Virginia averages 57.58 inches annually. Despite being slightly below the state average, Summit Point’s precipitation levels are on par with the rest of the country.
Summit Point’s UV Rating
Summit Point’s average UV rating of 4.13 places it in the 51st percentile nationally and the 69th percentile within West Virginia. The national average UV rating is slightly higher at 4.29, while West Virginia averages 4.01. Additionally, Summit Point’s average max UV rating of 4.51 falls within the 45th percentile for the nation and the 71st percentile in West Virginia. Overall, these ratings indicate ample sunlight exposure for solar panels.
Summit Point’s Cloud Cover
With an average of 44% cloud cover in the last year, Summit Point sits in the 50th percentile among US cities and the 5th percentile in West Virginia. Nationally, the average cloud cover is 44.46%, while West Virginia experiences slightly higher cloud cover at 51.1%. The distribution of cloud cover days in Summit Point allows for plenty of sunny days ideal for harnessing solar energy.
Summit Point West Virginia Electricity Costs
Residents of Summit Point pay around $0.11/kw for electricity, placing them in the 35th percentile nationally and the 33rd percentile in West Virginia. Comparatively, the national average for residential electricity rates is $0.13/kw, while West Virginia averages $0.12/kw. By investing in solar panels, Summit Point residents can significantly reduce their electricity costs over time.
When could you expect to break even on a solar installation in Summit Point West Virginia?
Considering the weather and electricity costs in Summit Point, West Virginia, 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:
- Summit Point, West Virginia, receives slightly more precipitation than the national average, but the sunny days are still suitable for solar panels.
- The UV ratings in Summit Point are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Summit Point is close to the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Summit Point, West Virginia, pay slightly less 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 from the grid.
- With slightly lower electricity costs in Summit Point, the savings are still significant.
After analyzing 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 start to offset the investment. Furthermore, since solar panels have a long lifespan, these savings will continue for many more years. Investing in solar power is not just a smart financial choice, but also an environmentally friendly one.
Investing in solar power in Summit Point West Virginia
Based on the weather data specific to Summit Point, West Virginia, and the electricity costs in the area, investing in solar panels can lead to significant long-term financial benefits. With the potential to break even on the initial cost of installation in around 5 years and continued savings over the system’s lifespan, going solar is a smart choice for Summit Point residents looking to save money on their electricity bills. Additionally, harnessing solar power is not only financially advantageous but also environmentally friendly. Consider investing in solar energy to see a positive impact on your wallet and the planet.