Overview
Living in Collinsville Mississippi, you have the opportunity to save money on your electricity bills by installing solar panels on your home. By analyzing weather data and electricity costs specific to Collinsville, we have calculated the potential financial benefits of switching to solar power. In this article, we will break down the costs of a solar system, estimate how long it will take for you to break even, and show you why investing in solar panels is a smart financial decision for residents of Collinsville.
Collinsville Mississippi Weather Trends
Collinsville Precipitation
With 55.6 inches of precipitation in the last year, Collinsville Mississippi is in the 60th percentile in the nation and the 24th percentile in Mississippi. Compared to the national average of 50.61 inches, Collinsville receives slightly more rainfall. However, Mississippi’s average of 60.13 inches is even higher, indicating that Collinsville experiences moderate precipitation levels.
Collinsville’s UV Rating
Collinsville’s average UV rating of 5.3 places it in the 85th percentile nationally and the 44th percentile in Mississippi. This high UV rating suggests that Collinsville receives ample sunlight throughout the year, making it an ideal location for solar panel installation. With an average max UV rating of 5.72, Collinsville continues to outshine both the national and state averages.
Collinsville’s Cloud Cover
On average, Collinsville Mississippi experiences 42% cloud cover, putting it in the 39th percentile nationally and the 70th percentile in Mississippi. This means that the majority of days in Collinsville are sunny, providing optimal conditions for solar energy production. With a varied distribution of cloud cover throughout the year, residents can expect consistent solar energy generation.
Collinsville Mississippi Electricity Costs
Residents of Collinsville pay about $0.12/kw for electricity, positioning the city in the 50th percentile nationally and the 68th percentile in Mississippi. While the national average for residential electricity is slightly higher at $0.13/kw, Mississippi’s average of $0.11/kw falls below Collinsville’s rate. By investing in solar panels, residents can offset rising electricity costs and take control of their energy expenses.
When could you expect to break even on a solar installation in Collinsville Mississippi?
Considering the weather and electricity costs in Collinsville Mississippi, 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:
- Collinsville Mississippi received slightly more rain than the national average, but it still has enough sunny days for solar panels to work effectively.
- The UV ratings in Collinsville Mississippi are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Collinsville Mississippi is lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Collinsville Mississippi 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 less need to buy from the grid.
- With lower electricity rates in Collinsville Mississippi, the savings are still significant.
After analyzing the data, it seems like it would take around 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will begin to offset the investment. Considering solar panels last for decades, the savings will continue for many years beyond that initial period. It’s a wise investment that not only saves money but also helps the environment in the long run.
Investing in solar power in Collinsville Mississippi
Living in Collinsville Mississippi provides a great opportunity to save money on electricity bills by installing solar panels. By analyzing the weather trends and electricity costs specific to Collinsville, we have determined that investing in solar power is a smart financial decision for residents. With ample sunlight, moderate precipitation levels, and lower electricity costs, homeowners can expect to break even on their solar installation in around 6 years. Beyond that, the savings will continue for decades, making solar panels a wise and environmentally friendly investment for the long term.