Overview
Are you tired of high electricity bills in Ardmore, Tennessee? Installing solar panels on your home can help you save money in the long run. By analyzing weather data and electricity costs in Ardmore, we will show you how a solar system can save you money and estimate how long it will take for you to break even on your investment. Let us help you make an informed decision on how to lower your energy costs and reduce your environmental impact.
Ardmore Tennessee Weather Trends
Ardmore Precipitation
With Ardmore, Tennessee receiving 71.72 inches of precipitation in the last year, it is evident that the town experiences a significant amount of rain. Compared to the national average of 50.61 inches, Ardmore is in the 91st percentile nationwide and the 97th percentile in Tennessee. By installing solar panels, you can utilize this abundant source of water to generate clean and renewable energy for your home.
Ardmore’s UV Rating
Having an average UV rating of 4.29 in the last year, Ardmore sees a decent amount of sunlight that can be harnessed for solar energy. While this puts Ardmore in the 58th percentile nationwide and the 10th percentile in Tennessee, there is still great potential for solar panel efficiency. By taking advantage of this natural resource, you can reduce your reliance on traditional electricity sources and save money in the long run.
Ardmore’s Cloud Cover
With an average of 57% cloud cover in Ardmore, Tennessee, the town experiences varying levels of sunlight throughout the year. Despite being in the 92nd percentile nationwide and the 98th percentile in Tennessee, there are still plenty of sunny days perfect for solar energy production. By installing solar panels, you can capitalize on these sunny days and offset your electricity costs.
Ardmore Tennessee Electricity Costs
Residents of Ardmore, Tennessee pay about $0.1/kw for electricity, which is below the national average of $0.13/kw. Even though Ardmore is in the 10th percentile nationwide and the 3rd percentile in Tennessee, investing in solar panels can further lower your electricity bills and protect you from future rate increases. By switching to solar energy, you can make a positive impact on the environment while saving money in the process.
When could you expect to break even on a solar installation in Ardmore Tennessee?
Considering the weather and electricity costs in Ardmore Tennessee, 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:
- Ardmore Tennessee receives more precipitation than the national average, but it still has decent sunlight for solar panels to be effective.
- The UV ratings in Ardmore Tennessee are on par with the national average, which is good for generating solar power.
- Cloud cover in Ardmore Tennessee is slightly higher than the national average, so there may be some variation in solar panel performance throughout the year.
Now, let’s consider the electricity costs:
- Residents in Ardmore Tennessee pay slightly less for electricity compared to the national average, which can affect the savings from using solar power.
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 solar system generates electricity, reducing the amount needed from the grid and saving money on electricity bills.
- With Ardmore Tennessee’s relatively lower electricity rates, the savings may take longer to cover the initial cost of the solar panels.
After analyzing the data, it appears that it could take around 8-10 years to recoup the initial investment in solar panels in Ardmore Tennessee. This means that after this period, the savings on electricity bills will start to accumulate and pay off the cost of the solar system. Since solar panels have a lifespan of 25-30 years, residents can enjoy significant savings for many years beyond the break-even point. It’s a wise financial decision that also benefits the environment!
Investing in solar power in Ardmore Tennessee
Installing solar panels in Ardmore, Tennessee can be a smart financial decision that benefits both your wallet and the environment. By taking advantage of the town’s abundance of rain and sunlight, you can generate clean and renewable energy for your home. Despite higher cloud cover and slightly lower electricity costs compared to the national average, investing in solar panels can still lead to significant savings in the long run. Based on the analysis of weather data and electricity costs, it is estimated that it could take around 8-10 years to break even on the initial investment. After this period, residents can enjoy continued savings on their electricity bills for many years to come. Make the switch to solar energy today and start saving!