Overview
If you live in Lewisville, Idaho, installing solar panels on your home could save you a significant amount of money on your electricity bill. By analyzing weather data and electricity costs specific to Lewisville, we can estimate how long it will take for a solar system to pay for itself. With the average amount of sunlight the area receives and the cost of electricity, investing in solar panels could be a great financial decision for homeowners in Lewisville.
Lewisville Idaho Weather Trends
Lewisville Precipitation
In the last year, Lewisville Idaho received 25.64 inches of precipitation, ranking it in the 9th percentile in the nation and the 36th percentile in Idaho. Compared to the national average of 50.61 inches, Lewisville receives significantly less rainfall. While Idaho’s average of 34.83 inches is higher than Lewisville’s, the opportunity for solar energy generation is still abundant in the area.
Lewisville’s UV Rating
With an average UV rating of 3.38, Lewisville Idaho ranks in the 14th percentile in the nation and the 41st percentile in Idaho. While the national average of 4.29 is higher, and Idaho’s average of 3.63 is slightly lower, Lewisville still receives a substantial amount of sunlight suitable for solar panel installation. Additionally, the average max UV rating of 3.66 indicates ample sunlight for energy production.
Lewisville’s Cloud Cover
Over the last year, Lewisville Idaho had an average of 43% cloud cover, placing it in the 45th percentile in the nation and the 46th percentile in Idaho. While the national average for cloud cover is slightly higher at 44.46%, and Idaho’s average is 44.04%, Lewisville still experiences a significant number of days with clear skies. With 123 days of low cloud cover and ample sunlight, solar panels in Lewisville can be highly efficient.
Lewisville Idaho Electricity Costs
Residents of Lewisville Idaho pay about $0.1/kw for electricity, positioning the area in the 16th percentile in the nation and the 83rd percentile in Idaho. When compared to the national average of $0.13/kw, Lewisville’s electricity costs are relatively lower. With Idaho’s average also at $0.1/kw, investing in solar panels can lead to substantial savings on electricity bills over time.
When could you expect to break even on a solar installation in Lewisville Idaho?
Considering the weather and electricity costs in Lewisville Idaho, 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:
- Lewisville Idaho gets less precipitation than the national average, making it a good location for solar panels.
- The UV ratings are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Lewisville Idaho is slightly below the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lewisville Idaho pay slightly less for electricity compared to the national average, at $0.10/kw.
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 and saving money on electricity bills.
- With the lower electricity costs in Lewisville Idaho, the savings will be slightly less compared to other locations.
After crunching the numbers, it looks like it would take around 10 years to cover the initial cost of the solar panels. This means that after 10 years, the money saved on electricity bills will start to add up and pay off the investment. And since solar panels last for a long time, you will continue to enjoy those savings for many years ahead. It’s a wise investment for saving money and supporting renewable energy!
Investing in solar power in Lewisville Idaho
Installing solar panels in Lewisville, Idaho can be a smart financial decision for homeowners. With lower than average precipitation, sufficient UV ratings, and slightly below average cloud cover, the area is well-suited for solar energy generation. Additionally, with electricity costs at $0.10/kw, residents can save significantly on their electricity bills over time. By investing in solar panels, homeowners in Lewisville can expect to break even on their initial investment in approximately 10 years. This long-term savings, coupled with the benefits of renewable energy, make solar panel installation a wise choice for those looking to save money and reduce their carbon footprint.