Overview
Are you a Lacey Washington resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been searching for. In this article, we will break down the financial benefits of investing in a solar system based on weather data specific to Lacey, including inches of precipitation, average max UV rating, average UV rating, and average percentage cloud cover over 365 days. By analyzing the cost of a solar system and estimating the time it will take to break even, we will show you how going solar can be a smart financial choice for your household.
Lacey Washington Weather Trends
Lacey Precipitation
With 55.16 inches of precipitation in the last year, Lacey Washington is above the national average of 50.61 inches. However, compared to the state, Lacey falls below Washington’s average of 45.64 inches. By harnessing the power of solar energy, residents can save money on electricity bills regardless of the above-average precipitation in Lacey.
Lacey’s UV Rating
With an average UV rating of 3.51, Lacey is below the national average of 4.29 but slightly above Washington’s average of 3.64. Similarly, the max UV rating of 3.91 places Lacey below the national average of 4.61 but above Washington’s average of 3.97. Despite these rankings, solar panels can still efficiently generate electricity in Lacey’s sunlight, making it a sound investment for residents.
Lacey’s Cloud Cover
With an average of 57% cloud cover, Lacey ranks higher than both the national average of 44.46% and Washington’s average of 49.1%. Despite this, Lacey experiences a significant number of days with varying cloud cover percentages. By installing solar panels, residents can capitalize on sunny days to generate electricity and offset the impact of cloudy days on solar power production.
Lacey Washington Electricity Costs
At $0.11/kw, Lacey residents enjoy below-average electricity costs compared to the national average of $0.13/kw. However, the state’s average of $0.1/kw is lower than Lacey’s rates. By switching to solar energy, residents can further reduce their electricity expenses, taking advantage of the abundant sunlight in Lacey despite the slightly higher electricity costs in the area.
When could you expect to break even on a solar installation in Lacey Washington?
Considering the weather and electricity costs in Lacey 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:
- Lacey Washington gets slightly more rain than the national average, but it still has enough sun for solar panels to be effective.
- The UV ratings in Lacey Washington are a bit lower than the national average, but still suitable for generating solar power.
- Cloud cover in Lacey Washington is higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lacey Washington pay slightly less 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 as much from the grid.
- With lower electricity rates in Lacey Washington, the savings may not be as high compared to other areas.
After analyzing the numbers, it appears that it could take around 7-9 years to cover the initial cost of the solar panels in Lacey Washington. This means that after this time, the savings on electricity bills will begin to accumulate and repay the investment. Plus, considering the longevity of solar panels, you’ll continue to benefit from these savings for many years after the initial investment is recouped. It’s a financially wise decision that also benefits the environment in the long run!
Investing in solar power in Lacey Washington
Investing in solar panels in Lacey, Washington can be a smart financial choice for residents looking to save money on their electricity bills. Despite slightly higher precipitation, lower UV ratings, and higher cloud cover percentages compared to national averages, solar panels can still effectively generate electricity in Lacey. With electricity costs below the national average and the potential to break even on the initial investment in 7-9 years, switching to solar power not only saves money in the long run but also benefits the environment. It’s a win-win situation for your wallet and the planet!