Overview
If you’re a Beverly Massachusetts resident looking to save money on your electricity bills, installing solar panels on your home could be a smart financial move. By analyzing local weather data and electricity costs, we can show you how much you can potentially save by making the switch to solar power. With a breakdown of the costs involved and an estimate of how long it will take to break even, this article will help you make an informed decision about whether solar panels are the right choice for your home.
Beverly Massachusetts Weather Trends
Beverly Precipitation
With Beverly, Massachusetts receiving 63.28 inches of precipitation in the last year, it’s clear that the area experiences a fair amount of rainfall. While Beverly falls in the 18th percentile in Massachusetts, it’s important to note that this is still above the national average of 50.61 inches. By harnessing this rainfall through solar panels, you can capitalize on a renewable energy source that is abundant in the area.
Beverly’s UV Rating
Considering Beverly, Massachusetts had an average UV rating of 3.55, it may seem like the area doesn’t get as much sunlight as other regions. However, with an average max UV rating of 3.72, there is still ample sunlight to generate solar energy. While Beverly may be in the 21st percentile nationally for UV rating, installing solar panels can help you take advantage of the sunlight that is available to save money on your energy bills.
Beverly’s Cloud Cover
In the last year, Beverly, Massachusetts had an average of 51% cloud cover, which is slightly above the national average of 44.46%. Despite this, Beverly still had numerous days with significant sunlight exposure. By installing solar panels, you can make use of the sunny days to generate electricity and reduce your dependence on traditional energy sources. With a combination of sunny and cloudy days, you can still benefit from solar power in Beverly.
Beverly Massachusetts Electricity Costs
Residents in Beverly, Massachusetts pay about $0.19/kw for electricity, which is higher than the national average of $0.13/kw. While the cost may be higher than some parts of the country, investing in solar panels can help you save money in the long run. With the potential for significant savings on your electricity bills, transitioning to solar power in Beverly is a financially wise decision.
When could you expect to break even on a solar installation in Beverly Massachusetts?
Considering the weather and electricity costs in Beverly Massachusetts, 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:
- Beverly Massachusetts gets more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings are slightly lower than the national average, but they’re still good for generating solar power.
- Cloud cover is slightly higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Beverly Massachusetts 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, which means we don’t need to buy as much from the grid.
- With Beverly Massachusetts’ higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 6 years to cover the initial cost of the solar panels. That means, after 6 years, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in Beverly Massachusetts
Installing solar panels in Beverly, Massachusetts can be a smart financial decision for residents looking to save money on their electricity bills. By analyzing the local weather trends and electricity costs in the area, we can see that there is ample sunlight to generate solar power and significant potential for savings over time. With an estimated break-even period of around 6 years, transitioning to solar energy not only helps homeowners save money but also contributes to a more sustainable future. Considering the long-lasting benefits of solar panels, making the switch to renewable energy in Beverly is a wise choice for both your wallet and the environment.