Overview
Living in Taylor, Michigan, can come with its fair share of electricity costs, especially during the long winter months. However, by considering the installation of solar panels on your home, you could potentially save a significant amount of money in the long run. In this article, we will break down the financial benefits of installing a solar system in Taylor, using weather data and basic electricity costs to estimate your potential savings and the time it would take to break even on your investment.
Taylor Michigan Weather Trends
Taylor Precipitation
With Taylor Michigan receiving 41.55 inches of precipitation in the last year, it is important to note that this places Taylor in the 30th percentile in the nation and the 27th percentile in Michigan. Comparatively, the national average for total precipitation is 50.61 inches, and Michigan’s average is 44.01 inches. By harnessing the power of solar energy, residents in Taylor can take advantage of the sun’s energy even during rainy days, reducing reliance on traditional electricity sources and saving money in the long run.
Taylor’s UV Rating
Considering Taylor Michigan had an average UV rating of 3.67 in the last year, it positions Taylor in the 27th percentile in the nation and the 88th percentile in Michigan. In comparison, the national average for average UV rating is 4.29, and Michigan’s average is 3.43. By installing solar panels, residents in Taylor can make the most of the sunlight available to them, even with varying UV levels, helping them save on electricity costs while reducing their carbon footprint.
Taylor’s Cloud Cover
Even with an average of 52% cloud cover in Taylor Michigan, placing the city in the 79th percentile in the nation and the 32nd percentile in Michigan, there are still numerous opportunities to generate solar energy. While Michigan’s average for cloud coverage is 52.98%, Taylor residents experienced days with varying cloud cover percentages in the past year. By utilizing solar panels, residents can benefit from sunny days and even generate energy on partially cloudy days, ultimately reducing their electricity bills and contributing to a greener environment.
Taylor Michigan Electricity Costs
With Taylor Michigan residents paying about $0.17/kw for electricity, it is evident that Taylor is in the 96th percentile in the nation and the 80th percentile in Michigan in terms of electricity costs. In contrast, the national average for residential electricity stands at $0.13/kw, while Michigan’s average is $0.16/kw. By installing solar panels, Taylor residents can take control of their electricity costs, potentially saving money over time as they rely more on clean, renewable energy sources.
When could you expect to break even on a solar installation in Taylor Michigan?
Considering the weather and electricity costs in Taylor, Michigan, 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:
- Taylor receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Taylor are slightly lower than the national average, but still conducive to generating solar power.
- Cloud cover in Taylor is slightly higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Taylor pay more 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 higher electricity rates in Taylor, the annual savings are significant.
After crunching the numbers, it appears that it would take around 8 years to cover the initial cost of the solar panels. This means that after 8 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Considering the long lifespan of solar panels, the savings will continue for many years beyond that initial period. Investing in solar power is a wise choice for both financial savings and environmental sustainability.
Investing in solar power in Taylor Michigan
In conclusion, installing solar panels in Taylor, Michigan, can be a smart financial decision in the long run. With higher electricity costs in Taylor and the city receiving slightly less precipitation but still having favorable conditions for solar power generation, residents can expect to break even on their investment in around 8 years. Considering the potential savings on electricity bills and the positive impact on the environment, investing in solar energy in Taylor is a beneficial choice for homeowners looking to save money and reduce their carbon footprint.