Overview
In Midway, Alabama, where the sun shines bright for a good portion of the year, installing solar panels on your home can save you a significant amount of money on your electricity bill. By analyzing weather data and electricity costs specific to Midway, we will show you how investing in a solar system can lead to long-term financial benefits. With detailed breakdowns of costs and estimates on when you can expect to break even, this article will demonstrate why going solar is a smart choice for residents of Midway.
Midway Alabama Weather Trends
Midway Precipitation
In the last year, Midway Alabama received 77 inches of precipitation, placing it in the 95th percentile in the nation and the 85th percentile in Alabama. Compared to the national average of 50.61 inches and Alabama’s average of 66.86 inches, Midway experiences a significant amount of rainfall, providing ample opportunity for solar panels to generate electricity even on cloudy days.
Midway’s UV Rating
In the last year, Midway Alabama had an average UV rating of 5.28, ranking it in the 85th percentile in the nation and the 60th percentile in Alabama. With an average max UV rating of 5.68, Midway continues to be well-positioned for solar energy production. This exceeds the national average of 4.29 and Alabama’s average of 5.16, allowing for efficient solar panel operation throughout the year.
Midway’s Cloud Cover
Last year, Midway Alabama had an average of 42% cloud cover, placing it in the 41st percentile in the nation and the 43rd percentile in Alabama. With varying cloud cover throughout the year, there are still plenty of sunny days for solar panels to harness energy. Additionally, with a significant number of clear days, residents can maximize electricity production from their solar systems.
Midway Alabama Electricity Costs
Midway Alabama residents pay about $0.12/kw for electricity, positioning the town in the 62nd percentile in the nation and the 53rd percentile in Alabama. With national and state averages at $0.13/kw, Midway offers residents slightly lower electricity costs, making the investment in solar panels even more financially appealing in the long run.
When could you expect to break even on a solar installation in Midway Alabama?
Considering the weather and electricity costs in Midway Alabama, 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:
- Midway Alabama gets more precipitation than the national average, but it still has good UV ratings for generating solar power.
- The UV ratings in Midway Alabama are higher than the national average, making it a great location for solar panels.
- Cloud cover in Midway Alabama is slightly lower than the national average, with varying degrees of cloudiness throughout the year.
Now, let’s consider the electricity costs:
- Residents in Midway Alabama pay slightly less for electricity compared to the national average, at $0.12/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 system generates electricity, reducing the amount purchased from the grid, resulting in savings on electricity bills.
- Considering Midway Alabama’s lower electricity rates, the savings could accumulate more gradually compared to areas with higher rates.
After analyzing the data, it appears that it would take approximately 7-8 years to cover the initial cost of the solar panels in Midway Alabama. This means that after 7-8 years, the reduced electricity bills will start to offset the investment. Plus, with solar panels lasting for 25-30 years, the savings will continue for many years. Investing in solar power is not only economically beneficial but also environmentally friendly, making it a wise choice for residents of Midway Alabama.
Investing in solar power in Midway Alabama
Investing in solar panels in Midway, Alabama is a smart choice for residents looking to save money on their electricity bills. By analyzing the weather trends and electricity costs specific to Midway, it is evident that solar energy production in this town is efficient and financially rewarding. With lower electricity costs and ample sunshine, residents can expect to break even on their investment in solar panels within 7-8 years. Additionally, with solar panels lasting for 25-30 years, the long-term savings make solar power a wise and environmentally friendly choice for the residents of Midway, Alabama.