Overview
In Woods Hole, Massachusetts, installing solar panels on your home can lead to significant financial savings over time. By analyzing weather data and electricity costs specific to the area, we can show you how a solar system can help you break even on your investment sooner than you might think. Our article will break down the costs involved and estimate the timeline for achieving financial benefits from going solar in Woods Hole.
Woods Hole Massachusetts Weather Trends
Woods Hole Precipitation
With Woods Hole receiving 66.69 inches of precipitation in the last year, it is important to consider how this affects the feasibility of solar panels in your area. Ranking in the 83rd percentile nationally and the 38th percentile statewide, Woods Hole’s precipitation levels are higher than the national average of 50.61 inches and lower than Massachusetts’s average of 68.09 inches. However, the benefits of solar panels can still be reaped in Woods Hole despite the higher precipitation levels.
Woods Hole’s UV Rating
Woods Hole’s average UV rating of 3.62 in the last year places it in the 24th percentile nationally and the 50th percentile in Massachusetts. While this might indicate less sun exposure compared to other areas, solar panels can still be a viable option. Even with an average max UV rating of 3.6, ranking in the 21st percentile nationally and the 24th percentile statewide, solar energy production can still be efficient in Woods Hole.
Woods Hole’s Cloud Cover
With an average of 50% cloud cover in Woods Hole in the last year, the area ranks in the 73rd percentile nationally and the 27th percentile in Massachusetts. Although there are variations in cloud cover throughout the year, Woods Hole still has ample sunlight for solar energy production. The distribution of cloud cover days also allow for enough clear days to generate significant solar energy.
Woods Hole Massachusetts Electricity Costs
Residents of Woods Hole pay about $0.22/kw for electricity, placing them in the 99th percentile nationally and the 91st percentile in Massachusetts. While this may seem high compared to the national average of $0.13/kw, it is important to remember that solar panels offer a cost-effective alternative to traditional electricity. By investing in solar panels, residents of Woods Hole can reduce their reliance on expensive grid electricity and save money in the long run.
When could you expect to break even on a solar installation in Woods Hole Massachusetts?
Considering the weather and electricity costs in Woods Hole Massachusetts, 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:
- Woods Hole Massachusetts receives more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Woods Hole are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Woods Hole is slightly higher than the national average, with some days having more cloud cover than others.
Now, let’s consider the electricity costs:
- Residents in Woods Hole Massachusetts pay more 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 less electricity needs to be purchased from the grid.
- Since Woods Hole has higher electricity rates, the savings from using solar power would be significant.
After analyzing the numbers, it appears that it would take approximately 4-6 years to cover the initial cost of the solar panels. This means that after 4-6 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Additionally, considering that solar panels have a long lifespan, the savings will continue for many years beyond the initial payback period. Investing in solar panels is a wise decision to save money and contribute to environmental sustainability simultaneously!
Investing in solar power in Woods Hole Massachusetts
After analyzing the weather trends and electricity costs in Woods Hole, Massachusetts, it is clear that investing in solar panels can lead to significant financial savings over time. Despite the higher precipitation levels and slightly lower UV ratings in Woods Hole, solar energy production can still be efficient in the area. With electricity costs higher than the national average, residents of Woods Hole can benefit from reduced reliance on grid electricity by switching to solar power. By calculating the costs involved and estimating the timeline to break even on the investment, we have determined that it would take approximately 4-6 years to cover the initial cost of a solar installation. This makes investing in solar panels a smart choice for saving money in the long run and promoting environmental sustainability at the same time.