Overview
If you’re a Bloomfield Kentucky resident looking to save money on your electricity bill, installing solar panels on your home could be a wise investment. By analyzing weather data specific to Bloomfield, we can show you how much sunshine your home receives on average throughout the year. This information, combined with the current cost of electricity, will help us calculate how long it will take for your solar system to pay for itself. By taking a closer look at the financial benefits of going solar, you may be surprised at how much money you can save in the long run.
Bloomfield Kentucky Weather Trends
Bloomfield Precipitation
With an average of 55.64 inches of precipitation in the last year, Bloomfield sits comfortably above both the national average of 50.61 inches and Kentucky’s average of 54.69 inches. Despite this, Bloomfield falls below the 70th percentile in both the nation and the state. With a significant amount of rainfall, solar panels can still be a beneficial investment, allowing you to generate clean energy even on cloudy days.
Bloomfield’s UV Rating
In the past year, Bloomfield had an average UV rating of 4.42, placing it above the national average of 4.29 but slightly below Kentucky’s average of 4.37. Additionally, Bloomfield experienced an average max UV rating of 4.8, indicating ample sunlight for solar panel efficiency. With such UV ratings, Bloomfield is in a prime position to harness solar power effectively throughout the year, helping you save on electricity costs and reduce your carbon footprint.
Bloomfield’s Cloud Cover
With an average cloud cover of 47%, Bloomfield remains slightly above both the national and Kentucky averages. However, the distribution of cloud cover throughout the year provides a good balance for solar panel performance. With a range of cloud cover percentages experienced in Bloomfield, there are plenty of days where your solar panels can operate optimally, ensuring consistent energy production and savings.
Bloomfield Kentucky Electricity Costs
Residents in Bloomfield pay around $0.1/kw for electricity, which is lower than both the national average of $0.13/kw and Kentucky’s average of $0.11/kw. With such affordable electricity rates, investing in solar panels can help you further reduce your utility bills and insulate yourself from potential future rate hikes. By generating your electricity from the abundant sunshine in Bloomfield, you can take control of your energy costs and contribute to a cleaner environment.
When could you expect to break even on a solar installation in Bloomfield Kentucky?
Considering the weather and electricity costs in Bloomfield 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:
- Bloomfield Kentucky receives slightly more precipitation than the national average, but still has enough sunlight for solar panels to be effective.
- The UV ratings are higher than the national average, making it a good location for generating solar power.
- The cloud cover is about average for the country, with some variability throughout the year.
Now, let’s consider the electricity costs:
- Residents in Bloomfield Kentucky pay less for electricity compared to the national average, which is beneficial for potential savings with solar panels.
With this information in mind, 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 as much from the grid.
- With Bloomfield Kentucky’s lower electricity rates, the savings may accumulate more slowly compared to areas with higher rates.
After analyzing the data, it seems that it could take around 8-10 years to cover the initial cost of the solar panels in Bloomfield Kentucky. This means that after 8-10 years, the money saved on electricity bills will begin to offset the investment. Additionally, considering the long lifespan of solar panels, the subsequent years will bring continued savings, making it a wise financial and environmental decision in the long run.
Investing in solar power in Bloomfield Kentucky
After analyzing the weather trends and electricity costs in Bloomfield, Kentucky, it is clear that investing in solar panels can be a smart choice for residents looking to save money on their electricity bills. Despite higher than average precipitation and cloud cover, Bloomfield receives ample sunlight with higher UV ratings, making it an ideal location for generating solar power. With lower electricity costs compared to the national average, the financial benefits of going solar in Bloomfield are significant. Based on our calculations, it could take around 8-10 years to break even on the initial investment in solar panels, with the following years bringing continued savings. By harnessing solar power, residents can take control of their energy costs, reduce their carbon footprint, and make a positive impact on the environment for years to come.