Overview
In Coalfield, Tennessee, installing solar panels on your home can save you money in the long run. By analyzing weather data and electricity costs, we can estimate how quickly you will break even on the cost of a solar system. With the financial benefits of going solar, let’s explore why making the switch is a smart investment for your home.
Coalfield Tennessee Weather Trends
Coalfield Precipitation
With Coalfield, Tennessee receiving 69.61 inches of precipitation in the last year, it’s clear that the area experiences a significant amount of rain. Compared to the national average of 50.61 inches, Coalfield is in the 88th percentile in the nation and the 96th percentile in Tennessee. Utilizing this rainfall to power a solar system can help offset electricity costs and increase energy savings.
Coalfield’s UV Rating
Coalfield, Tennessee had an average UV rating of 4.55 in the last year, placing it in the 66th percentile in the nation and the 30th percentile in Tennessee. With an average max UV rating of 4.84, Coalfield is in the 53rd percentile nationally and the 31st percentile in Tennessee. This high UV exposure makes Coalfield an ideal location for solar panel installation, maximizing energy production and potential savings.
Coalfield’s Cloud Cover
Coalfield Tennessee had an average of 44% cloud cover in the last year, falling in the 51st percentile in the nation and the 61st percentile in Tennessee. This moderate cloud cover allows for ample sunlight to reach solar panels, ensuring efficient energy generation. With a range of cloud cover throughout the year, Coalfield offers consistent solar energy production for long-term savings.
Coalfield Tennessee Electricity Costs
Residents in Coalfield, Tennessee pay about $0.11/kw for electricity, positioning the area in the 40th percentile nationally and the 79th percentile in Tennessee. Compared to the national average of $0.13/kw, Coalfield’s electricity costs are lower, making solar panels a cost-effective solution for reducing monthly bills and decreasing reliance on traditional power sources.
When could you expect to break even on a solar installation in Coalfield Tennessee?
Considering the weather and electricity costs in Coalfield Tennessee, 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:
- Coalfield Tennessee receives more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Coalfield Tennessee are slightly higher than the national average, making it a good location for generating solar power.
- Cloud cover in Coalfield Tennessee is close to the national average, although it varies throughout the year.
Now, let’s consider the electricity costs:
- Residents in Coalfield Tennessee pay slightly less for electricity compared to the national average, at $0.11/kw.
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 and saving money on electricity bills.
- With lower electricity rates in Coalfield Tennessee, the savings may take longer to cover the initial cost compared to locations with higher rates.
After analyzing the data, it is estimated that it would take approximately 8-10 years to cover the initial cost of the solar panels in Coalfield Tennessee. This means that after this period, the savings from using solar power will begin to accumulate and make the investment worthwhile. Additionally, considering the long lifespan of solar panels, residents can continue to benefit from these savings for many years to come. Investing in solar energy is not only a financially smart choice but also a sustainable option for the environment.
Investing in solar power in Coalfield Tennessee
With the data analyzed, it is clear that switching to solar power in Coalfield, Tennessee can bring significant financial benefits. With an estimated 8-10 years to break even on the initial investment, residents can start saving money in the long run. The high UV exposure and moderate cloud cover in the area make it an ideal location for solar panel installation, ensuring efficient energy production. Lower electricity costs further enhance the financial appeal of going solar. Ultimately, investing in solar energy proves to be a smart and sustainable choice for both homeowners and the environment.