Overview
Are you a North Lakewood Washington resident looking to save money on your electricity bills? Installing solar panels on your home could be the answer! By analyzing weather data specific to North Lakewood, such as precipitation, UV ratings, and cloud cover, we can show you how much you can save by harnessing the power of the sun. We will break down the cost of a solar system and estimate how long it will take for you to break even, making the financial benefits of going solar clear and compelling.
North Lakewood Washington Weather Trends
North Lakewood Precipitation
With North Lakewood receiving 29.2 inches of precipitation in the last year, it is clear that the area experiences less rainfall compared to both the national and state averages. This lower level of precipitation can benefit homeowners looking to install solar panels, as it means fewer cloudy days that could obstruct sunlight. By taking advantage of the ample sunshine in North Lakewood, residents can maximize their solar energy production and save money on electricity bills in the long run.
North Lakewood’s UV Rating
North Lakewood’s average UV rating of 5.56 in the last year highlights the area’s high potential for solar energy generation. Ranking in the 90th percentile nationally and the 98th percentile in Washington, North Lakewood residents can capitalize on the abundant sunlight to power their homes with clean, renewable energy. With higher UV ratings than both the national and state averages, installing solar panels in North Lakewood is a smart investment for homeowners looking to reduce their electricity costs and environmental impact.
North Lakewood’s Cloud Cover
North Lakewood’s average cloud cover of 35% in the last year indicates a relatively clear sky compared to the national and state averages. With fewer cloudy days, residents have more opportunities to harness solar energy efficiently and effectively. The distribution of cloud cover throughout the year also allows for consistent solar power generation, making solar panels a reliable source of electricity for North Lakewood homeowners seeking to save money and reduce their carbon footprint.
North Lakewood Washington Electricity Costs
At just $0.1/kw for electricity, North Lakewood residents enjoy below-average electricity costs compared to both the national and state averages. By installing solar panels on their homes, residents can further decrease their reliance on traditional energy sources and mitigate the impact of potential future rate increases. With abundant sunlight, favorable weather conditions, and competitive electricity prices, going solar in North Lakewood is a cost-effective and environmentally friendly choice for homeowners.
When could you expect to break even on a solar installation in North Lakewood Washington?
Considering the weather and electricity costs in North Lakewood, Washington, 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:
- North Lakewood receives less precipitation compared to the national average, making it suitable for solar panel installation.
- The UV ratings in North Lakewood are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in North Lakewood is lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in North Lakewood pay less for electricity compared to the national average, which is beneficial for the cost-effectiveness of solar panels.
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 as much from the grid.
- With North Lakewood’s lower electricity rates, the savings may accumulate at a slower rate compared to areas with higher rates.
After crunching the numbers, considering the lower electricity rates, it may take around 7-8 years to cover the initial cost of the solar panels. This means that after 7-8 years, the money saved on electricity bills will start to offset the investment. Since solar panels have a lifespan of 25-30 years, you will continue to benefit from these savings for many years to come. It’s a wise investment that not only saves money but also contributes to a greener environment.
Investing in solar power in North Lakewood Washington
With favorable weather conditions, low precipitation, high UV ratings, and minimal cloud cover, North Lakewood, Washington offers an ideal environment for harnessing solar energy. Additionally, with below-average electricity costs, residents can expect to break even on their solar panel investment within 7-8 years. This means that for the majority of the system’s lifespan, homeowners will enjoy significant savings on their electricity bills while reducing their environmental impact. Going solar in North Lakewood is a sound financial and ecological choice for those looking to take control of their energy costs and contribute to a sustainable future.