Overview
Are you a Biloxi resident looking to save money on your energy bills? Installing solar panels on your home may be the solution for you! In this article, we provide data on Biloxi’s weather patterns and electricity costs, as well as break down the cost of a solar system to help you estimate how long it will take to break even. With the potential for significant savings in the long run, investing in solar panels can be a smart financial decision for your home.
Biloxi Mississippi Weather Trends
Biloxi Precipitation
With Biloxi, Mississippi receiving 63.61 inches of precipitation in the last year, it’s clear that the city has more rainy days compared to the national average of 50.61 inches and even exceeds Mississippi’s average of 60.13 inches. However, this means that Biloxi can benefit from harnessing the power of the sun during the sunny days to offset the higher rainfall and save on energy costs over time.
Biloxi’s UV Rating
Having an average UV rating of 5.74, Biloxi, Mississippi ranks high at the 92nd percentile in the nation and the 99th percentile in the state when it comes to sun exposure. This ample sunshine presents a great opportunity for residents to generate their own renewable energy using solar panels, especially considering that the national average UV rating is 4.29 and Mississippi’s is 5.31. With abundant sunlight available, installing solar panels can prove to be a lucrative investment in Biloxi.
Biloxi’s Cloud Cover
Despite having an average of 42% cloud cover, which is slightly lower than the national average of 44.46%, Biloxi, Mississippi still experiences a mix of clear and cloudy days throughout the year. By strategically placing solar panels to capture sunlight on clearer days, residents can maximize their energy production and savings. With varying levels of cloud cover throughout the year, Biloxi offers a suitable environment for solar panel installation.
Biloxi Mississippi Electricity Costs
Residents in Biloxi, Mississippi pay around $0.12 per kilowatt-hour for electricity, which is slightly below the national average of $0.13/kw but higher than Mississippi’s average of $0.11/kw. By generating their own electricity through solar panels, Biloxi residents can significantly reduce their reliance on traditional grid power and lower their overall energy costs. With competitive electricity rates and the potential for long-term savings, investing in solar energy can be a wise financial decision for Biloxi homeowners.
When could you expect to break even on a solar installation in Biloxi Mississippi?
Considering the weather and electricity costs in Biloxi, 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:
- Biloxi gets slightly more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings in Biloxi are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Biloxi is slightly lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Biloxi pay a bit 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, which means you won’t need to buy as much from the grid.
- With Biloxi’s lower electricity rates, the savings might take a bit longer to offset the initial cost.
After analyzing the data, it appears that it could take around 6-7 years to cover the initial cost of the solar panels. This means that after that time, the money saved on electricity bills will start to accumulate and pay off the investment. Remember, solar panels have a long lifespan, so you’ll continue to see those savings for many years to come. It’s a wise investment for saving money and contributing to a cleaner environment!
Investing in solar power in Biloxi Mississippi
With the potential for significant savings in the long run, investing in solar panels in Biloxi, Mississippi can be a smart financial decision for homeowners. The city’s ample sunshine, slightly lower-than-average cloud cover, and competitive electricity rates create an ideal environment for generating solar power. By installing solar panels, residents can reduce their reliance on traditional grid power, lower their energy costs, and potentially break even on their investment in around 6-7 years. Not only will homeowners save money, but they will also contribute to a cleaner environment by utilizing renewable energy. It’s a win-win situation that can benefit both your wallet and the planet!