Overview
In Cannon Kentucky, installing solar panels on your home can lead to significant savings on your electricity bill. By analyzing weather data and electricity costs over the course of a year, we can estimate how long it will take for a solar system to pay for itself. With the average sunshine and low amount of precipitation in Cannon Kentucky, solar panels can generate substantial electricity savings for residents. Discover how investing in solar energy can benefit your wallet in the long run.
Cannon Kentucky Weather Trends
Cannon Precipitation
In the last year, Cannon Kentucky received 61.52 inches of precipitation, ranking it in the 73rd percentile nationally and the 88th percentile within Kentucky. Comparatively, the national average for total precipitation is 50.61 inches, while Kentucky’s average is 54.69 inches. With slightly higher precipitation levels than the state and country averages, Cannon residents can take advantage of solar panels to offset their electricity costs.
Cannon’s UV Rating
Over the last year, Cannon Kentucky had an average UV rating of 4.34, placing it in the 60th percentile nationally and the 57th percentile within Kentucky. The national average for UV rating is 4.29, slightly lower than Cannon’s average. With the potential for higher UV exposure, Cannon residents can benefit from harnessing solar energy to generate electricity and reduce their reliance on traditional power sources.
Cannon’s Cloud Cover
With an average of 48% cloud cover in the last year, Cannon Kentucky ranks in the 67th percentile nationally and the 88th percentile within Kentucky. In comparison, the national average for cloud cover is 44.46%, with Kentucky’s average slightly higher at 45.75%. Cannon’s favorable cloud cover conditions make it an ideal location for solar panel installation, maximizing energy generation potential throughout the year.
Cannon Kentucky Electricity Costs
Cannon residents pay about $0.1/kw for electricity, placing them in the 12th percentile nationally and the 15th percentile within Kentucky. In contrast, the national average for residential electricity is $0.13/kw, with Kentucky’s average slightly lower at $0.11/kw. With relatively lower electricity costs, investing in solar panels can offer substantial long-term savings for Cannon Kentucky homeowners.
When could you expect to break even on a solar installation in Cannon Kentucky?
Considering the weather and electricity costs in Cannon 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:
- Cannon Kentucky received more precipitation than the national average, which can impact solar panel efficiency.
- The UV ratings in Cannon Kentucky are slightly higher than the national average, which is good for generating solar power.
- Cloud cover in Cannon Kentucky is slightly above the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Cannon Kentucky pay slightly less for electricity compared to the national average.
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, resulting in savings on electricity bills.
- With lower electricity rates in Cannon Kentucky, the savings may not be as significant as in areas with higher rates.
After analyzing the data, it looks like it would take around 8-10 years to cover the initial cost of the solar panels. This means that after 8-10 years, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels have a long lifespan, you will continue to benefit from these savings for many years after the initial cost is covered. It’s a wise investment that not only helps you save money but also contributes to a sustainable and eco-friendly lifestyle.
Investing in solar power in Cannon Kentucky
Installing solar panels in Cannon Kentucky can lead to significant savings on electricity bills, taking approximately 8-10 years to pay for themselves. With higher than average UV ratings, favorable cloud cover conditions, and slightly lower electricity costs, residents can benefit from harnessing solar energy in the long run. Investing in solar panels not only helps save money but also promotes a sustainable and eco-friendly lifestyle for the future.