Overview
Learn how installing solar panels on your home in Kihei, Hawaii can save you money in the long run. By analyzing weather data and electricity costs specific to your area, we will show you how a solar system can help you break even on your investment sooner than you might think. With the abundant sunshine and high electricity rates, switching to solar power is a smart financial decision for any Kihei resident looking to save on their energy bills.
Kihei Hawaii Weather Trends
Kihei Precipitation
With only 15.4 inches of precipitation in the last year, Kihei is in the 3rd percentile in the nation and the 9th percentile in Hawaii. In comparison, the national average for total precipitation is 50.61 inches, while Hawaii’s average is 38.66 inches. The low amount of rainfall in Kihei makes it an ideal location for installing solar panels.
Kihei’s UV Rating
Kihei had an average UV rating of 5.89 in the last year, ranking it in the 95th percentile in the nation and the 89th percentile in Hawaii. Comparatively, the national average for average UV rating is 4.29, while Hawaii’s average is 5.44. With the high UV ratings in Kihei, residents can benefit greatly from harnessing solar power for their homes.
Kihei’s Cloud Cover
With an average of 43% cloud cover in the last year, Kihei is in the 45th percentile in the nation and the 12th percentile in Hawaii. In contrast, the national average for cloud cover is 44.46%, and Hawaii’s average is 53.18%. Kihei’s relatively low cloud cover allows for ample sunlight, perfect for generating solar energy throughout the year.
Kihei Hawaii Electricity Costs
Residents in Kihei pay about $0.33/kw for electricity, ranking it in the 100th percentile in the nation and the 50th percentile in Hawaii. In comparison, the national average for residential electricity is $0.13/kw, while Hawaii’s average is also $0.33/kw. With high electricity costs in Kihei, investing in solar panels can lead to significant savings on energy bills over time.
When could you expect to break even on a solar installation in Kihei Hawaii?
Considering the weather and electricity costs in Kihei Hawaii, 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:
- Kihei Hawaii receives less precipitation than the national average, ideal for solar panels.
- The UV ratings in Kihei Hawaii are higher than the national average, making it a great location for generating solar power.
- Cloud cover in Kihei Hawaii is slightly below the national average, providing more sunlight for solar panels.
Now, let’s consider the electricity costs:
- Residents in Kihei Hawaii pay a higher rate 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 purchase from the grid.
- Due to Kihei Hawaii’s higher electricity rates, the savings from solar power are more significant.
After analyzing the data, it appears that it would take around 6 years to cover the initial cost of the solar panels in Kihei Hawaii. This means that after 6 years, the money saved on electricity bills will begin to offset the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years beyond that initial period. Investing in solar power is a smart choice both financially and environmentally!
Investing in solar power in Kihei Hawaii
Installing solar panels in Kihei, Hawaii is a practical and financially beneficial decision for residents due to the region’s weather patterns and high electricity costs. With ample sunlight and low cloud cover, solar systems can generate significant energy savings for homeowners in the long run. By breaking down the costs and analyzing the data, it is clear that investing in solar power can lead to a return on investment in as little as 6 years. Not only will this help save money on electricity bills, but it also contributes to a more sustainable and environmentally friendly way of living. Consider going solar in Kihei to enjoy the benefits of renewable energy and financial savings!