Overview
Are you a Canton Ohio resident looking to save money on your electricity bills? Installing solar panels on your home could be the answer. In this article, we will explore the financial benefits of switching to solar energy in Canton, using weather data and electricity costs specific to the area. By breaking down the cost of a solar system and estimating the time it will take to break even, we will show you how much you could potentially save by making the switch to solar power.
Canton Ohio Weather Trends
Canton Precipitation
With Canton Ohio receiving 53.8 inches of precipitation in the last year, it falls slightly above the national average of 50.61 inches. Compared to the rest of Ohio, Canton is also higher than the state average of 51.17 inches. Despite being above average in precipitation, this means that Canton has great potential for solar energy production with ample rainfall to keep panels clean and efficient.
Canton’s UV Rating
Having an average UV rating of 3.67 in the last year, Canton Ohio is below the national average of 4.29. However, compared to the rest of Ohio, Canton is slightly above the state average of 3.84. With an average max UV rating of 4.01, Canton is also above the national average of 4.61. This means that while Canton may not have the highest UV ratings, there is still significant sunlight available for solar panels to generate electricity efficiently.
Canton’s Cloud Cover
Although Canton Ohio had an average of 54% cloud cover in the last year, ranking higher than the national average of 44.46%, this should not discourage residents from considering solar panels. With varying degrees of cloud cover throughout the year, Canton residents can still benefit from solar energy, especially on clearer days when the sun is shining bright. The number of days with different levels of cloud cover provides opportunities for solar panel output optimization.
Canton Ohio Electricity Costs
Residents of Canton Ohio pay about $0.13/kw for electricity, which is in line with the national average. Compared to the rest of Ohio, Canton’s electricity costs are slightly higher than the state average of $0.12/kw. By installing solar panels, Canton residents can take advantage of the abundant sunlight in the area to offset and potentially reduce their electricity bills, leading to long-term savings and a more environmentally friendly energy source.
When could you expect to break even on a solar installation in Canton Ohio?
Considering the weather and electricity costs in Canton Ohio, 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 Ohio receives slightly more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Canton Ohio are slightly lower than the national average, but they are sufficient for generating solar power.
- The cloud cover in Canton Ohio is slightly higher than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Canton Ohio pay the national average price for electricity.
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.
- With average electricity rates, the savings could be significant over time.
After running the numbers, it appears that it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the savings on electricity bills will start to accumulate and offset the investment. Additionally, since solar panels have a lifespan of 25-30 years, you can enjoy these savings for many more years. It’s a wise investment for saving money and promoting sustainability!
Investing in solar power in Canton Ohio
Switching to solar energy in Canton, Ohio can provide significant financial benefits for residents. Despite slightly higher precipitation and cloud cover, Canton still receives sufficient sunlight for solar panels to generate electricity efficiently. With electricity costs in line with the national average, installing solar panels can lead to long-term savings on electricity bills. By investing in a standard 10kW solar system, residents could break even on their initial cost in just 5-6 years, enjoying continued savings and promoting sustainability for many more years to come. Making the switch to solar power is not only a smart financial decision but also a step towards a cleaner and more energy-efficient future for Canton, Ohio.