Overview
Are you a Prestonsburg, Kentucky resident looking to save money on your electricity bills? Installing solar panels on your home can help you do just that! By analyzing weather data and electricity costs in the area, we have estimated the cost of a solar system and calculated how long it will take for you to break even on your investment. With abundant sunshine and potential savings, now is the perfect time to consider going solar in Prestonsburg.
Prestonsburg Kentucky Weather Trends
Prestonsburg Precipitation
With an annual precipitation of 49.12 inches, Prestonsburg is in a favorable position, ranking higher than the national average of 50.61 inches. Although it falls slightly below Kentucky’s average of 54.69 inches, the city still enjoys a decent amount of rainfall to support solar panel efficiency. By harnessing this resource, you can generate clean energy while reducing your electricity costs.
Prestonsburg’s UV Rating
Prestonsburg’s average UV rating of 4.39 places it above the national average of 4.29 and slightly higher than Kentucky’s average of 4.37. With a maximum UV rating of 4.8, the city offers ample sunlight to power your solar panels efficiently. Taking advantage of these UV rays can help you save money on your energy bills while contributing to a cleaner environment for future generations to come.
Prestonsburg’s Cloud Cover
Despite an average cloud cover of 46%, Prestonsburg is still positioned well for solar panel installation. The city’s cloud cover falls within the national and state averages, providing a consistent amount of sunlight for energy production. With over 103 days of clear skies, you have plenty of opportunities to maximize your solar investment and decrease your reliance on traditional electricity sources.
Prestonsburg Kentucky Electricity Costs
At $0.12 per kilowatt-hour, Prestonsburg’s electricity costs are competitive, placing the city just below the national average of $0.13/kw. Although it exceeds Kentucky’s average of $0.11/kw, transitioning to solar energy can help offset these costs in the long run. By investing in solar panels, you can secure low electricity rates and enjoy savings on your utility bills for years to come.
When could you expect to break even on a solar installation in Prestonsburg Kentucky?
Considering the weather and electricity costs in Prestonsburg, Kentucky, 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:
- Prestonsburg gets slightly less precipitation than the national average, and has good sunlight for solar panels.
- The UV ratings in Prestonsburg are above the national average, making it a great location for generating solar power.
- Cloud cover in Prestonsburg is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Prestonsburg 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 amount needed from the grid.
- With Prestonsburg’s lower electricity rates, the savings are significant.
After analyzing the data, it appears that it would take around 5 years to cover the initial cost of the solar panels. This means that after 5 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Additionally, with solar panels lasting for 25-30 years, you will continue to enjoy these savings for years to come. Investing in solar power is not only a smart financial decision, but also beneficial for the environment.
Investing in solar power in Prestonsburg Kentucky
With abundant sunshine, competitive electricity costs, and the potential to save money in the long run, installing solar panels in Prestonsburg, Kentucky is a smart decision for residents looking to reduce their electricity bills. By analyzing weather data and electricity costs, it is estimated that it would take around 5 years to break even on the initial investment of solar panels. This means that after 5 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Additionally, with solar panels lasting for 25-30 years, you will continue to enjoy these savings for years to come. Transitioning to solar energy is not only a smart financial move, but also a beneficial choice for the environment. Now is the perfect time to consider going solar in Prestonsburg!