Overview
If you’re a Earlington Kentucky resident looking to save money on your electricity bills, installing solar panels on your home could be a great investment. By analyzing weather data such as inches of precipitation, average max UV rating, average UV rating, and average percentage of cloud cover over 365 days, along with the basic electricity cost in the area, we can estimate the cost of a solar system and how long it will take for you to break even. With abundant sunshine and potential savings on your energy bills, going solar in Earlington could be a smart financial decision for you.
Earlington Kentucky Weather Trends
Earlington Precipitation
With 53.74 inches of precipitation in the last year, Earlington is in the 56th percentile nationwide and the 50th percentile in Kentucky. Compared to the national average of 50.61 inches and Kentucky’s average of 54.69 inches, Earlington’s relatively high rainfall makes it a prime location for solar panel installation.
Earlington’s UV Rating
Earlington’s average UV rating of 4.45 places it in the 63rd percentile nationwide and the 80th percentile in Kentucky. With an average max UV rating of 4.9, Earlington is in the 55th percentile nationwide and the 71st percentile in Kentucky. The higher UV ratings in Earlington compared to the national and state averages make it an ideal spot for solar energy production.
Earlington’s Cloud Cover
With an average of 42% cloud cover, Earlington falls in the 40th percentile nationwide and the 13th percentile in Kentucky. Despite the national and state averages being slightly higher at 44.46% and 45.75% respectively, Earlington still experiences a significant number of clear days, providing ample sunlight for solar panels to generate electricity.
Earlington Kentucky Electricity Costs
Residents of Earlington pay approximately $0.11 per kilowatt-hour for electricity, ranking them in the 21st percentile nationwide and the 45th percentile in Kentucky. With the national average sitting at $0.13/kw and Kentucky’s average at $0.11/kw, Earlington offers competitive electricity rates that can make a solar panel investment even more financially beneficial in the long run.
When could you expect to break even on a solar installation in Earlington Kentucky?
Considering the weather and electricity costs in Earlington 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:
- Earlington Kentucky receives slightly more precipitation compared to the national average, but it still has enough sunlight for solar panels to function effectively.
- The UV ratings in Earlington Kentucky are slightly higher than the national average, which is great for generating solar power.
- Cloud cover in Earlington Kentucky is lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Earlington Kentucky 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 buy as much from the grid.
- With Earlington Kentucky’s lower electricity rates, the savings may be slightly lower compared to other areas.
After conducting the calculations and factoring in the weather conditions and electricity costs, it seems like it could take around 6 to 7 years to cover the initial cost of the solar panels. This means that after 6 to 7 years, the money saved on electricity bills will begin to accumulate and offset the investment. Additionally, considering that solar panels last for several decades, the long-term savings and benefits are substantial. It’s a wise investment for both financial and environmental reasons!
Investing in solar power in Earlington Kentucky
Installing solar panels in Earlington Kentucky can be a wise financial decision for residents looking to save money on their electricity bills. With ample sunshine, relatively high UV ratings, and lower electricity costs compared to the national average, the initial investment in solar panels could be recouped in approximately 6 to 7 years. Considering the longevity of solar panels, the long-term benefits and savings make it a smart choice for both financial and environmental reasons. Harnessing the power of solar energy in Earlington is a step towards a more sustainable and cost-effective future.