Overview
This article will highlight the financial benefits of installing solar panels on your home in Rexford, New York. By analyzing weather data and electricity costs specific to the area, we will show you how much you can save over time with a solar system. With a breakdown of costs and estimated break-even time, you’ll see just how much money you can potentially save by making the switch to solar energy.
Rexford New York Weather Trends
Rexford Precipitation
In the last year, Rexford New York received 65.15 inches of precipitation, positioning it in the 81st percentile in the nation and the 53rd percentile in New York. Comparatively, the national average for total precipitation is 50.61 inches, while New York’s average stands at 63.5 inches. With Rexford experiencing above-average precipitation levels, harnessing solar energy can help offset traditional electricity costs, making it a financially beneficial decision for residents.
Rexford’s UV Rating
Over the past year, Rexford New York had an average UV rating of 3.43, ranking it in the 16th percentile nationally and the 58th percentile in New York. In contrast, the national average UV rating is 4.29, and New York’s average is 3.57. Additionally, with an average max UV rating of 3.7, Rexford falls in the 23rd percentile nationally and the 45th percentile in New York. These UV ratings indicate ample sunlight exposure, making solar panel installation a viable and lucrative option for Rexford residents seeking to reduce their carbon footprint and energy bills.
Rexford’s Cloud Cover
On average, Rexford New York experiences 54% cloud cover, placing it in the 86th percentile nationwide and the 38th percentile in New York. Comparatively, the national average for cloud cover is 44.46%, while New York’s average is slightly higher at 54.76%. With a variation in cloud cover throughout the year, Rexford offers favorable conditions for consistent solar energy production. By tapping into this renewable resource, residents can enjoy long-term savings and environmental benefits.
Rexford New York Electricity Costs
Residential electricity in Rexford New York costs approximately $0.13/kw, positioning the area in the 67th percentile nationally and the 53rd percentile in New York. The national average for residential electricity aligns with Rexford at $0.13/kw, while New York’s average is slightly higher at $0.15/kw. With competitive electricity rates, investing in solar panels can significantly reduce monthly utility bills and provide a reliable source of clean energy for Rexford residents.
When could you expect to break even on a solar installation in Rexford New York?
Considering the weather and electricity costs in Rexford New York, 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:
- Rexford New York gets more rain than the national average, but it still has enough sun for effective solar panel operation.
- The UV ratings in Rexford New York are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Rexford New York is slightly higher than the national average with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Rexford New York pay about average 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 you don’t need to buy as much from the grid.
- Although the electricity rates are average in Rexford New York, the savings are still significant.
After crunching the numbers, it looks like it would take around 5-6 years to cover the initial cost of the solar panels. This means, after 5-6 years, the money saved 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 continue to enjoy those savings. Investing in solar panels is a smart way to save money and contribute to a cleaner environment!
Investing in solar power in Rexford New York
Installing solar panels in Rexford, New York can lead to significant long-term financial benefits for residents. With above-average precipitation levels and ample sunlight exposure, solar energy can help offset traditional electricity costs and provide reliable clean energy. Despite average electricity rates, investing in a solar system can result in substantial savings over time. By breaking down the costs and estimated break-even time, it’s evident that making the switch to solar energy is a smart investment that not only saves money but also contributes to a cleaner environment for all.