Overview
Are you tired of high electricity bills in Beverly, Kentucky? Installing solar panels on your home could be the solution you’ve been looking for. In this article, we will break down the financial benefits of switching to solar energy, using weather data specific to Beverly, Kentucky. By analyzing the cost of a solar system and estimating the time it will take to break even, you can see how investing in solar panels can lead to significant long-term savings on your energy expenses.
Beverly Kentucky Weather Trends
Beverly Precipitation
With Beverly, Kentucky receiving 66.05 inches of precipitation in the last year, it is evident that the area is above both the national and state averages. Compared to the national average of 50.61 inches, Beverly stands in the 82nd percentile, while in Kentucky, it reaches the 95th percentile. Utilizing solar panels in Beverly can help harness this abundant rainfall for energy generation, leading to potential savings on electricity bills in the long run.
Beverly’s UV Rating
Having an average UV rating of 4.28 in the last year, Beverly, Kentucky’s residents can make the most out of their sunny days. Although it falls slightly below the national average of 4.29, Beverly surpasses Kentucky’s average of 4.37. Additionally, with an average max UV rating of 4.66, Beverly stands at the 49th percentile nationally and the 33rd percentile within Kentucky. This means that solar panels in Beverly can efficiently convert sunlight into electricity, aiding in reducing reliance on traditional grid power.
Beverly’s Cloud Cover
With an average of 49% cloud cover, Beverly, Kentucky experiences mostly sunny days suitable for solar energy production. Beverly ranks in the 71st percentile nationally and the 96th percentile within Kentucky, surpassing both national (44.46%) and state (45.75%) averages for cloud cover. By capitalizing on these clear skies, residents of Beverly can maximize the efficiency of solar panels and potentially save significantly on energy costs over time.
Beverly Kentucky Electricity Costs
Residents of Beverly, Kentucky pay around $0.11/kw for electricity, positioning the area in the 30th percentile nationally and the 61st percentile within Kentucky. When compared to the national average of $0.13/kw, Beverly’s electricity costs are relatively lower, aligning with the state average of $0.11/kw. By investing in solar panels, Beverly residents can further reduce their dependence on grid electricity and mitigate the impact of any potential future rate hikes.
When could you expect to break even on a solar installation in Beverly Kentucky?
Considering the weather and electricity costs in Beverly 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:
- Beverly Kentucky receives more precipitation than the national average, which may impact the efficiency of solar panels.
- The UV ratings in Beverly Kentucky are slightly below the national average, but still favorable for generating solar power.
- Cloud cover in Beverly Kentucky is slightly higher than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Beverly Kentucky pay slightly less for electricity compared to the national average, which can affect the savings from 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 system generates electricity, reducing the amount purchased from the grid.
- Considering the lower electricity rates in Beverly Kentucky, the savings may require more time to cover the initial cost.
After analyzing the data, it looks like it may take around 7-8 years to cover the initial cost of the solar panels in Beverly Kentucky. This means, after 7-8 years, the money saved on electricity bills will start to make up for the investment in solar panels. Since solar panels last for a long time, you will continue to enjoy these savings for years to come, making it a wise financial and environmentally friendly choice.
Investing in solar power in Beverly Kentucky
Switching to solar energy in Beverly, Kentucky can lead to significant long-term savings on your energy expenses. By harnessing the abundant rainfall, sunny days, and clear skies in Beverly, solar panels can efficiently generate electricity and reduce reliance on traditional grid power. With lower electricity costs in Beverly, investing in solar panels can result in break-even within 7-8 years, allowing residents to enjoy savings for years to come. Making the switch to solar power is not only a smart financial decision but also an environmentally friendly choice for the future.