Overview
Learn how installing solar panels on your home in Allen, Kentucky can save you money in the long run. By analyzing weather data and electricity costs specific to your area, we will break down the cost of a solar system and estimate how quickly you can break even on your investment. Discover the financial benefits of going solar and how it can help you save on your energy bills.
Allen Kentucky Weather Trends
Allen Precipitation
In the last year, Allen Kentucky received 51.27 inches of precipitation. Compared to the rest of the country, Allen falls in the 51st percentile, while in Kentucky, it is in the 31st percentile. The national average for total precipitation is 50.61 inches, slightly lower than Allen’s amount. Despite this, Kentucky’s average for total precipitation is higher at 54.69 inches.
Allen’s UV Rating
The average UV rating in Allen Kentucky over the last year was 4.35. This places Allen in the 60th percentile nationally and the 59th percentile within Kentucky. The national average UV rating is slightly lower at 4.29, but Kentucky’s average is similar at 4.37. Additionally, Allen’s average max UV rating of 4.74 puts it in the 51st percentile nationally and the 48th percentile within the state.
Allen’s Cloud Cover
On average, Allen Kentucky experienced 48% cloud cover in the last year. This puts Allen in the 65th percentile nationally and the 78th percentile in Kentucky. While the national average for cloud cover is 44.46%, Kentucky’s average is slightly higher at 45.75%. Allen had a varied number of days with different cloud cover percentages, showing a range of conditions suitable for solar panel efficiency.
Allen Kentucky Electricity Costs
Residents of Allen, Kentucky pay about $0.12/kw for electricity, placing them in the 44th percentile nationally and the 81st percentile within the state. While the national average for residential electricity is slightly higher at $0.13/kw, Kentucky’s average is lower at $0.11/kw. By taking advantage of the sunnier climate and moderate electricity costs in Allen, installing solar panels can greatly benefit residents financially in the long run.
When could you expect to break even on a solar installation in Allen Kentucky?
Considering the weather and electricity costs in Allen Kentucky, 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:
- Allen Kentucky receives slightly more precipitation than the national average, but it still has enough sunlight for solar panels to work effectively.
- The UV ratings in Allen Kentucky are slightly higher than the national average, which is great for generating solar power.
- Cloud cover in Allen Kentucky is slightly above the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Allen Kentucky pay slightly less for electricity compared to the national average, at $0.12/kw.
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.
- With Allen Kentucky’s relatively low electricity rates, the savings are still significant.
After analyzing the data, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the savings on electricity bills will start to offset the investment. Additionally, since solar panels last for 25 to 30 years, you will continue to enjoy those savings for many years after breaking even. Investing in solar panels is a smart way to save money and contribute to a greener environment.
Investing in solar power in Allen Kentucky
By analyzing the weather trends and electricity costs specific to Allen, Kentucky, it is clear that investing in solar panels can be a smart financial decision. With slightly higher precipitation levels but ample sunlight, along with moderate electricity costs, residents can expect to break even on their investment in solar panels in approximately 5 years. Not only will this result in long-term savings on energy bills, but it also offers the benefit of contributing to a greener environment. Installing solar panels in Allen, Kentucky can be a financially sound and environmentally friendly choice for homeowners.