Overview
North Canton residents, have you ever considered the financial benefits of installing solar panels on your home? By analyzing weather data specific to North Canton, Ohio and electricity costs, we can estimate how long it will take to break even on the initial investment of a solar system. With the average amount of precipitation, high UV ratings, and low cloud cover in North Canton, solar panels can generate significant energy savings over time. Let’s dive into the numbers and see how going solar can be a smart financial decision for your home.
North Canton Ohio Weather Trends
North Canton Precipitation
With North Canton receiving 53.6 inches of precipitation in the last year, it is in the 56th percentile in the nation and the 67th in Ohio. Compared to the national average of 50.61 inches, North Canton sees slightly more precipitation. However, when compared to Ohio’s average of 51.17 inches, North Canton is right on par with the state’s precipitation levels.
North Canton’s UV Rating
North Canton had an average UV rating of 3.66 in the last year, placing it in the 27th percentile in the nation and the 22nd percentile in Ohio. While North Canton’s UV rating is lower than the national average of 4.29 and Ohio’s average of 3.84, the city still receives a decent amount of sunlight throughout the year, making it suitable for solar energy production.
North Canton’s Cloud Cover
With an average of 52% cloud cover in the last year, North Canton ranks in the 81st percentile nationwide and the 67th percentile in Ohio. Although North Canton sees slightly more cloud cover than both the national average of 44.46% and Ohio’s average of 51.13%, the city still has plenty of days with clear skies, making it a viable location for solar panel installation.
North Canton Ohio Electricity Costs
Residents of North Canton pay roughly $0.12/kw for electricity, putting the city in the 55th percentile in the country and the 28th percentile in Ohio. With the national average for residential electricity at $0.13/kw and Ohio’s average at $0.12/kw, North Canton residents enjoy relatively lower electricity costs, making solar panel installation an even more attractive financial choice.
When could you expect to break even on a solar installation in North Canton Ohio?
Considering the weather and electricity costs in North Canton 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:
- North Canton Ohio gets slightly more precipitation than the national average, but still has enough sunlight for solar panels to be effective.
- The UV ratings in North Canton Ohio are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in North Canton Ohio is slightly higher than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in North Canton Ohio 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 from the grid.
- With North Canton Ohio’s electricity rates, the savings from using solar power will add up over time.
After analyzing the data, it seems like it would take around 4-5 years to cover the initial cost of the solar panels. This means that, after 4-5 years, the money saved on electricity bills will start to compensate for the investment. Considering that solar panels last for a long time, the savings accumulated after the initial period will be beneficial for many years to come. Investing in solar panels is a smart way to save money and contribute to environmental conservation!
Investing in solar power in North Canton Ohio
After analyzing the weather trends and electricity costs in North Canton Ohio, it is clear that investing in solar panels can result in significant financial benefits. With slightly above-average precipitation, decent UV ratings, and some cloud cover, North Canton provides adequate conditions for solar energy generation. Additionally, residents in North Canton enjoy relatively lower electricity costs compared to the national average. By considering these factors, it is estimated that it would take around 4-5 years to break even on the initial investment in solar panels. This means that after this period, the money saved on electricity bills will compensate for the cost of installation. With solar panels lasting for many years, the long-term savings and positive impact on the environment make solar panel installation a wise financial decision for North Canton residents.