Overview
In Cohasset, Minnesota, installing solar panels on your home can be a smart financial decision. By analyzing a year’s worth of weather data and electricity costs, we can show you how much money you can save over time. With the average cost of a solar system in Cohasset and the estimated payback period, you can see how investing in solar energy can benefit your wallet in the long run.
Cohasset Minnesota Weather Trends
Cohasset Precipitation
In the last year, Cohasset Minnesota received 39.49 inches of precipitation, ranking it in the 26th percentile in the nation and the 79th percentile in Minnesota. Compared to the national average of 50.61 inches, Cohasset experiences slightly drier conditions. However, Minnesota’s average precipitation of 37.31 inches is lower than Cohasset’s. By harnessing solar energy, you can make use of the abundant sunlight in Cohasset to offset any potential energy savings lost due to lower precipitation levels.
Cohasset’s UV Rating
With an average UV rating of 3.11 in the last year, Cohasset falls into the 5th percentile nationally and the 9th percentile in Minnesota. Cohasset’s average UV rating is lower than the national average of 4.29 but close to Minnesota’s average of 3.6. Additionally, with an average max UV rating of 3.26, Cohasset ranks in the 13th percentile nationally and the 14th percentile in Minnesota. Investing in solar panels can help you take advantage of the available sunlight in Cohasset, even with lower UV ratings compared to the rest of the country.
Cohasset’s Cloud Cover
Over the last year, Cohasset experienced an average cloud cover of 58%, placing it in the 94th percentile nationally and the 92nd percentile in Minnesota. The national average for cloud cover is lower at 44.46%, while Minnesota’s average is slightly higher at 48.96%. Despite the higher cloud cover in Cohasset, solar panels can still generate electricity during some cloudier days, helping you offset energy costs and reduce your carbon footprint.
Cohasset Minnesota Electricity Costs
Residents of Cohasset, Minnesota pay around $0.13/kw for electricity, positioning the city in the 74th percentile nationally and the 56th percentile in Minnesota. While the national average for residential electricity is also $0.13/kw, Minnesota’s average matches Cohasset’s. By investing in solar panels, you can generate your own renewable energy and reduce your reliance on grid electricity, ultimately saving money on your utility bills in the long run.
When could you expect to break even on a solar installation in Cohasset Minnesota?
Considering the weather and electricity costs in Cohasset, 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:
- Cohasset, Minnesota receives less precipitation compared to the national average, making it a suitable location for solar panel installation.
- The UV ratings in Cohasset, Minnesota are slightly lower than the national average, but still good enough for solar power generation.
- Cloud cover in Cohasset, Minnesota is slightly higher than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Cohasset, Minnesota pay the national average for electricity, making it a good location for investing in solar panels.
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 need to purchase electricity from the grid.
- With the average electricity costs in Cohasset, Minnesota, the savings will contribute to covering the initial investment.
After analyzing the data, it appears that it would take approximately 5-6 years to recuperate the initial cost of the solar panels. This means that after this period, the electricity bill savings will start accumulating and paying off the investment. It’s a financially wise decision that will lead to long-term savings and environmental benefits, as solar panels have a lifespan of 25 to 30 years. Investing in solar power is a sustainable and cost-effective choice for Cohasset, Minnesota residents.
Investing in solar power in Cohasset Minnesota
Investing in solar panels in Cohasset, Minnesota can be a smart financial decision for residents. By taking advantage of the abundant sunlight in the area and offsetting energy costs, individuals can see a return on their initial investment within approximately 5-6 years. With lower precipitation levels and slightly lower UV ratings compared to national averages, solar power can still be a viable option to save money and reduce reliance on grid electricity. Overall, installing solar panels in Cohasset is a sustainable and cost-effective choice that can benefit both your wallet and the environment for years to come.