Overview
If you’re looking to save money on your electricity bills in Goodspring, Tennessee, installing solar panels on your home could be a smart investment. By analyzing weather data and electricity costs specific to your area, we can show you how much you can potentially save each year by harnessing the power of the sun. In this article, we will break down the cost of installing a solar system and estimate how long it will take for you to break even on your investment. Let’s explore the financial benefits of going solar in Goodspring!
Goodspring Tennessee Weather Trends
Goodspring Precipitation
With Goodspring Tennessee receiving 62.17 inches of precipitation in the last year, it’s clear that the area is no stranger to rain. However, this level of precipitation actually puts Goodspring in the 75th percentile nationally, meaning that the town gets more rain than most places in the country. Comparatively, Tennessee’s average for total precipitation is 58.16 inches, placing Goodspring in the 76th percentile in the state. By harnessing the power of the sun, you can capitalize on all that rainwater to generate clean energy for your home.
Goodspring’s UV Rating
When it comes to UV ratings, Goodspring Tennessee has an average rating of 4.65, which is above the national average of 4.29. This means that Goodspring residents receive a good amount of sunlight throughout the year, making it an ideal location for solar panels. The town ranks in the 69th percentile for UV rating nationally, showing that it gets more sunlight compared to most areas in the country. With an average max UV rating of 5.01, Goodspring is in a favorable position to benefit from solar energy.
Goodspring’s Cloud Cover
Despite having an average of 44% cloud cover in the last year, Goodspring Tennessee is still a great candidate for solar panel installation. The town’s cloud cover puts it in the 48th percentile nationally, indicating that there are plenty of clear days suitable for solar energy production. With a mix of days ranging from 0% to 100% cloud cover, Goodspring offers a balanced environment for solar power generation.
Goodspring Tennessee Electricity Costs
Residents of Goodspring Tennessee enjoy relatively low electricity costs, paying about $0.11/kw. This puts the town in the 37th percentile nationally for residential electricity prices, making it an affordable option for investing in solar panels. Compared to the national average of $0.13/kw, Goodspring’s electricity rates are competitive, giving you the opportunity to save even more by switching to solar energy.
When could you expect to break even on a solar installation in Goodspring Tennessee?
Considering the weather and electricity costs in Goodspring Tennessee, 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:
- Goodspring Tennessee receives more precipitation than the national average, but it still has sufficient sunlight for solar panels to be effective.
- The UV ratings in Goodspring Tennessee are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Goodspring Tennessee is around the national average, with some variability throughout the year.
Now, let’s consider the electricity costs:
- Residents in Goodspring Tennessee 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 need to purchase electricity from the grid.
- With lower electricity rates in Goodspring Tennessee, the savings might take longer to cover the initial cost.
After crunching the numbers, it looks like it might take around 8-10 years to cover the initial cost of the solar panels in Goodspring Tennessee. This means, after 8-10 years, the money saved on electricity bills will begin to make up for the investment. Additionally, since solar panels last for a long time, the savings will continue for many years beyond that initial period. It’s a wise investment choice that not only saves money but also benefits the environment!
Investing in solar power in Goodspring Tennessee
Installing solar panels in Goodspring, Tennessee is a smart investment choice for saving money on electricity bills. By harnessing the town’s ample sunlight and manageable precipitation, residents can expect to break even on their solar panel investment in approximately 8-10 years. With lower electricity costs compared to the national average, the financial benefits of solar energy in Goodspring are clear. Not only will switching to solar save residents money in the long run, but it also provides a sustainable and environmentally-friendly energy alternative. Consider going solar in Goodspring to enjoy the financial and ecological advantages it offers!