Overview
In Beaver Dam, Kentucky, installing solar panels on your home can lead to significant financial savings by taking advantage of the area’s sunny weather and high levels of sunlight. By analyzing weather data and electricity costs, we can estimate the cost of a solar system and predict how quickly you can break even on your investment. Let’s explore the benefits of going solar in Beaver Dam and how it can positively impact your wallet in the long run.
Beaver Dam Kentucky Weather Trends
Beaver Dam Precipitation
With Beaver Dam receiving 54.96 inches of precipitation in the last year, it’s clear that the area has a decent amount of rainfall. Compared to the rest of the country, Beaver Dam falls above the national average of 50.61 inches, ranking in the 59th percentile. In Kentucky, the city also surpasses the state average of 54.69 inches, positioning itself in the 57th percentile. Despite the rain, solar panels can still thrive in Beaver Dam.
Beaver Dam’s UV Rating
Beaver Dam’s average UV rating of 4.48 in the last year signifies a decent amount of sunlight reaching the area. Ranking in the 64th percentile nationally, Beaver Dam exceeds the country’s average UV rating of 4.29. In Kentucky, the city is positioned in the 84th percentile, well above the state average of 4.37. With a high max UV rating as well, solar panels in Beaver Dam can harness plenty of sunshine for energy production.
Beaver Dam’s Cloud Cover
Despite having an average of 45% cloud cover in the last year, Beaver Dam still ranks favorably compared to the rest of the country. The city falls slightly above the national average of 44.46% for cloud cover, being in the 54th percentile. In Kentucky, Beaver Dam is in the 31st percentile, outperforming the state average of 45.75%. With a good number of days with low cloud cover, solar panels in Beaver Dam can still generate significant energy.
Beaver Dam Kentucky Electricity Costs
Residents in Beaver Dam pay about $0.11/kw for electricity, a rate that is below the national average of $0.13/kw. In Kentucky, this rate is right on par with the state average, positioning Beaver Dam in the 71st percentile. By investing in solar panels, residents can reduce their reliance on traditional electricity sources and lower their energy costs in the long run.
When could you expect to break even on a solar installation in Beaver Dam Kentucky?
Considering the weather and electricity costs in Beaver Dam, 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:
- Beaver Dam gets slightly more rain than the national average, but it still receives enough sunlight for solar panels to be effective.
- The UV ratings in Beaver Dam are above the national average, making it a good location for generating solar power.
- Cloud cover in Beaver Dam is around the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Beaver Dam pay slightly less for electricity compared to the national average, at $0.11/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 amount needed from the grid.
- With Beaver Dam’s low electricity rates, the savings are still significant.
After calculating, it seems that it would take approximately 10 years to cover the initial cost of the solar panels in Beaver Dam, Kentucky. This means that after 10 years, the money saved on electricity bills will begin to offset the investment. Remember, solar panels have a long lifespan, so beyond that point, the savings will continue to accumulate. It’s a wise investment for both your wallet and the environment!
Investing in solar power in Beaver Dam Kentucky
Installing solar panels in Beaver Dam, Kentucky can prove to be a smart financial decision in the long run. With the area’s above-average UV ratings and slightly higher than national average precipitation, solar panels can generate significant energy despite some cloud cover. Residents paying a competitive rate of $0.11/kw for electricity can benefit from reduced energy costs and expect to break even on their solar panel investment in approximately 10 years. Beyond that point, the continued savings make solar panels not only a wise financial investment but also a sustainable choice for the environment. Consider going solar in Beaver Dam to save money and reduce your carbon footprint!