Overview
Decide On Solar offers valuable information for Malta Ohio residents looking to save money and reduce their carbon footprint by installing solar panels on their homes. By analyzing weather data and electricity costs specific to Malta Ohio, we break down the financial benefits of investing in a solar system. Learn how quickly you can break even on the cost of installation and start enjoying long-term savings on your energy bills.
Malta Ohio Weather Trends
Malta Precipitation
With 58.11 inches of precipitation in the last year, Malta Ohio ranks in the 66th percentile in the nation and the 91st percentile in Ohio. Compared to the national average of 50.61 inches, Malta sees above-average precipitation levels. This means that solar panels in Malta will have ample opportunity to generate clean energy, potentially offsetting a significant portion of your electricity usage.
Malta’s UV Rating
Having an average UV rating of 3.98, Malta Ohio falls in the 44th percentile nationally and the 83rd percentile in Ohio. While the sun may not shine as intensely in Malta compared to the national average of 4.29, it still offers enough sunlight to make solar panel installation a viable option. With an average max UV rating of 4.34, Malta provides adequate sunlight to power your home sustainably.
Malta’s Cloud Cover
With an average of 50% cloud cover in the last year, Malta ranks in the 74th percentile in the nation and the 39th percentile in Ohio. Despite having slightly more cloud cover than the national average of 44.46%, Malta still offers enough clear days to generate solar energy efficiently. On days with less cloud cover, your solar panels can produce more electricity, contributing to long-term cost savings and environmental benefits.
Malta Ohio Electricity Costs
Residents in Malta pay about $0.13/kw for electricity, placing them in the 67th percentile nationally and the 51st percentile in Ohio. While this may be on par with the national average, Ohio’s average residential electricity costs are slightly lower at $0.12/kw. By investing in solar panels, Malta residents can take control of their energy costs, reduce their reliance on traditional utility providers, and potentially see a decrease in their overall electricity expenses over time.
When could you expect to break even on a solar installation in Malta Ohio?
Considering the weather and electricity costs in Malta, Ohio, 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:
- Malta, Ohio receives slightly more rainfall than the national average, which can impact solar panel efficiency.
- The UV ratings in Malta, Ohio are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in Malta, Ohio is slightly higher than the national average, varying throughout the year.
Now, let’s consider the electricity costs:
- Residents in Malta, Ohio pay the national average for electricity.
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 as much from the grid.
- With average electricity rates, the savings gradually accumulate over time.
After analyzing the data, it appears that it would take approximately 8 years to cover the initial cost of the solar panels. This means that after 8 years, the money saved on electricity bills will start to exceed the investment. Since solar panels have a long lifespan, the savings will continue for many years beyond that initial period. Investing in solar energy is a wise choice for both financial savings and environmental benefits.
Investing in solar power in Malta Ohio
Investing in solar energy in Malta, Ohio is a smart choice for residents looking to save money and reduce their carbon footprint. By analyzing the weather trends specific to Malta and the electricity costs in the area, it is clear that solar panel installation can lead to significant long-term savings on energy bills. With the initial investment in solar panels potentially breaking even in just 8 years and providing savings for many more years beyond that, residents can enjoy the financial benefits and environmental advantages of harnessing solar power for their homes.