Overview
Solar panels are a smart financial investment for residents of Blackey, Kentucky. By harnessing the abundant sunshine in the area, homeowners can significantly reduce their electricity bills each month. This article will break down the cost of installing a solar system on your home and estimate the time it will take to break even on your investment. With favorable weather conditions and electricity costs, going solar in Blackey can help you save money in the long run.
Blackey Kentucky Weather Trends
Blackey Precipitation
With Blackey receiving 61.3 inches of precipitation in the last year, it is clear that the area sees a fair amount of rainfall. However, compared to the rest of the country, Blackey falls into the 73rd percentile, indicating that it is not overly wet. When compared to the state of Kentucky, Blackey ranks even lower at the 88th percentile. This means that installing solar panels in Blackey can still be very beneficial, as there is plenty of sunshine to harness for energy.
Blackey’s UV Rating
Blackey Kentucky had an average UV rating of 4.29 in the past year, placing it in the 58th percentile nationally. While this may not seem extremely high, it is important to note that Blackey still receives a decent amount of sun exposure. Compared to the rest of Kentucky, Blackey is in the 36th percentile for UV rating. The average max UV rating of 4.66 further implies that there is a significant amount of sunlight available to power solar panels in the area.
Blackey’s Cloud Cover
Blackey Kentucky had an average of 49% cloud cover in the last year, indicating that there are ample sunny days in the area. While this percentage may seem high, it is important to note that Blackey still ranks well compared to the rest of the nation at the 70th percentile. In Kentucky, Blackey is in the 94th percentile for cloud cover, meaning there are plenty of clear days to maximize solar energy production. With a variety of cloud cover percentages throughout the year, Blackey offers a favorable environment for solar panel installation.
Blackey Kentucky Electricity Costs
Residents of Blackey Kentucky pay about $0.12/kw for electricity, which is lower than the national average of $0.13/kw. When compared to the rest of Kentucky, Blackey falls into the 90th percentile for electricity costs, indicating that residents here are already benefitting from relatively low rates. By harnessing solar energy, Blackey residents can further reduce their electricity bills and save money in the long run, making solar panels a smart investment for the community.
When could you expect to break even on a solar installation in Blackey Kentucky?
Considering the weather and electricity costs in Blackey, 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:
- Blackey receives more rain than the national average, but there is still enough sunlight for solar panels to be effective.
- The UV ratings in Blackey are on par with the national average, making it a good location for generating solar power.
- Cloud cover in Blackey is slightly higher than the national average, which may impact the efficiency of solar panels at times.
Now, let’s consider the electricity costs:
- Residents in Blackey pay slightly less for electricity compared to the national average, which can affect the savings generated by solar panels.
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 and leading to savings on electricity bills.
- With the lower electricity rates in Blackey, the savings over time may be slightly lower compared to other locations.
After analyzing the data, it looks like it would take around 7 years to cover the initial cost of the solar panels in Blackey, Kentucky. This means that after 7 years, the money saved on electricity bills will start to exceed the initial investment. Since solar panels have a long lifespan, you can continue to enjoy these savings for many years to come. It’s a practical way to save money and contribute to a sustainable future.
Investing in solar power in Blackey Kentucky
Installing solar panels in Blackey, Kentucky is a wise decision for residents looking to save money on their electricity bills. With the ample sunshine in the area and relatively low electricity costs, homeowners can expect to break even on their investment in approximately 7 years. Despite slightly higher cloud cover than the national average, Blackey still offers a favorable environment for solar energy production. By harnessing solar power, residents can not only save money in the long run but also contribute to a sustainable and eco-friendly future.