Overview
If you’re a resident of Holly Ridge, North Carolina, you may be wondering if installing solar panels on your home is worth the investment. By analyzing weather data and electricity costs specific to your area, we aim to show you the financial benefits of going solar. With average annual savings on electricity bills and a breakdown of system cost, we’ll help you see how quickly you can start enjoying the advantages of renewable energy and recoup your initial investment.
Holly Ridge North Carolina Weather Trends
Holly Ridge Precipitation
With Holly Ridge receiving 71.49 inches of precipitation in the last year, it stands in the 90th percentile in the nation and the 79th percentile in North Carolina. Compared to the national average of 50.61 inches and North Carolina’s average of 65.54 inches, the ample rainfall in your area could make solar panel installation a lucrative decision.
Holly Ridge’s UV Rating
Having an average UV rating of 5.02, Holly Ridge ranks in the 79th percentile in the nation and the 86th percentile in North Carolina. With the national average at 4.29 and North Carolina’s average at 4.72, the higher UV ratings in your area can significantly enhance the energy production of solar panels, maximizing your potential savings.
Holly Ridge’s Cloud Cover
At an average of 42% cloud cover, Holly Ridge falls in the 40th percentile in the nation and the 67th percentile in North Carolina. With lower cloud cover, especially on the 111 days with 0% to 25% cloud cover, solar panels in Holly Ridge can operate more efficiently, ensuring consistent energy generation throughout the year.
Holly Ridge North Carolina Electricity Costs
Residents of Holly Ridge pay around $0.12/kw for electricity, placing the city in the 55th percentile in the nation and the 53rd percentile in North Carolina. Comparing this to the national average of $0.13/kw and North Carolina’s average of $0.12/kw, going solar could significantly lower your electricity costs over time while contributing to a cleaner environment.
When could you expect to break even on a solar installation in Holly Ridge North Carolina?
Considering the weather and electricity costs in Holly Ridge North Carolina, 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:
- Holly Ridge North Carolina receives more precipitation than the national average, but it still has good sunlight for solar panels to work effectively.
- The UV ratings in Holly Ridge North Carolina are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Holly Ridge North Carolina is slightly below the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Holly Ridge North Carolina 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, which means we don’t need to buy as much from the grid.
- With Holly Ridge North Carolina’s electricity rates, the savings are significant.
After crunching the numbers, it looks like it would take around 6 years to cover the initial cost of the solar panels. That means, after 6 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 Holly Ridge North Carolina
After analyzing the weather trends and electricity costs specific to Holly Ridge, North Carolina, it becomes clear that installing solar panels can be a financially beneficial decision for residents. With ample rainfall, high UV ratings, and lower cloud cover, the potential for solar energy production in Holly Ridge is promising. Additionally, with electricity costs slightly below the national average, the savings from solar power can make a significant impact over time. Based on our calculations, residents can expect to break even on their solar panel investment in approximately 6 years, after which they will continue to enjoy savings for many more years. Ultimately, going solar in Holly Ridge not only saves money but also contributes to a cleaner environment, making it a smart and sustainable choice for homeowners.