Overview
Are you a Canton, Minnesota resident looking to save money on your electricity bill? Installing solar panels on your home could be a cost-effective solution. By analyzing weather data specific to Canton, including average max UV rating, inches of precipitation, average UV rating, and percentage cloud cover, we can estimate the potential savings you could see with a solar system. In this article, we break down the costs of a solar system and provide an estimate of how long it would take for you to break even, allowing you to make an informed decision about going solar.
Canton Minnesota Weather Trends
Canton Precipitation
With 38.16 inches of precipitation in the last year, Canton Minnesota ranks in the 65th percentile in the state and the 24th percentile nationwide. Comparing this to the national average of 50.61 inches and Minnesota’s average of 37.31 inches, Canton’s lower precipitation levels make it an ideal location for harnessing solar energy.
Canton’s UV Rating
With an average UV rating of 3.58, Canton Minnesota falls in the 48th percentile in the state and the 22nd percentile nationwide. The national average UV rating is 4.29, while Minnesota’s average is 3.6. These UV ratings indicate that Canton receives adequate sunlight to make solar panels a viable and efficient option for powering your home.
Canton’s Cloud Cover
Despite having an average cloud cover of 50%, Canton Minnesota is still in a favorable position with a 64th percentile ranking in the state and a 74th percentile ranking nationwide. Compared to the national average of 44.46% and Minnesota’s average of 48.96%, Canton’s cloud cover levels are conducive to maximizing the benefits of solar energy.
Canton Minnesota Electricity Costs
With residents paying $0.15/kw for electricity, Canton Minnesota is in the 100th percentile in the state and the 93rd percentile nationwide. In comparison, the national average for residential electricity is $0.13/kw, aligning with Minnesota’s average of $0.13/kw. By investing in solar panels, Canton residents can not only reduce their environmental impact but also save significantly on their electricity bills in the long run.
When could you expect to break even on a solar installation in Canton Minnesota?
Considering the weather and electricity costs in Canton Minnesota, 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:
- Canton Minnesota receives less precipitation compared to the national average, which is good for solar panel efficiency.
- The UV ratings in Canton Minnesota are slightly lower than the national average, but still sufficient for generating solar power.
- The cloud cover in Canton Minnesota is slightly higher than the national average, which may affect the efficiency of solar panels.
Now, let’s consider the electricity costs:
- Residents in Canton Minnesota pay more 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 solar system will generate electricity, reducing the amount needed from the grid and resulting in savings on the electricity bill.
- With Canton Minnesota’s higher electricity rates, the savings from solar power are significant.
After doing the calculations, it appears that it would take around 5-7 years to cover the initial cost of the solar panels. This means that after 5-7 years, the money saved on electricity bills will start to add up and pay off the investment. Considering that solar panels last for 25-30 years, you’ll enjoy those savings for a long time after the initial payback period. Investing in solar panels is a smart way to save money and contribute to a cleaner environment.
Investing in solar power in Canton Minnesota
After analyzing the weather trends specific to Canton, Minnesota, and considering the electricity costs in the area, it is clear that investing in solar panels can lead to significant savings on electricity bills over time. With the initial cost of the solar system expected to be recouped within 5-7 years, residents can enjoy long-term financial benefits and contribute to a cleaner environment. By harnessing the ample sunlight and favorable weather conditions in Canton, installing solar panels is a cost-effective solution for those looking to save money on their electricity bill.