Overview
If you’re a Coleman Michigan resident looking to save money on your electricity bills, installing solar panels on your home may be a smart investment. By analyzing weather data specific to Coleman, including inches of precipitation, average max UV rating, average UV rating, and average percentage cloud cover over the course of a year, we can estimate the financial benefits of switching to solar power. With the cost of electricity and the breakdown of a solar system included in the analysis, we will show you how long it could take for you to break-even on your investment.
Coleman Michigan Weather Trends
Coleman Precipitation
With Coleman Michigan receiving 43.93 inches of precipitation in the last year, it sits in the 36th percentile nationwide and the 51st percentile in Michigan. Compared to the national average of 50.61 inches, Coleman sees slightly less rainfall. While Michigan’s average is slightly higher at 44.01 inches, Coleman still falls below it.
Coleman’s UV Rating
In the last year, Coleman Michigan had an average UV rating of 3.42, placing it in the 15th percentile across the country and the 44th percentile in Michigan. The national average for UV rating is 4.29, slightly higher than Coleman’s. Michigan averages 3.43 for UV rating, just a bit above Coleman’s average. Additionally, Coleman had an average max UV rating of 3.69, lower than the national and Michigan averages of 4.61 and 3.63 respectively.
Coleman’s Cloud Cover
Coleman Michigan experienced an average of 53% cloud cover in the last year, ranking it in the 83rd percentile nationally and the 54th percentile in Michigan. While the national average for cloud cover is 44.46%, Michigan’s average is slightly higher at 52.98%. Coleman saw a varied distribution of cloud cover throughout the year, with 77 days of clear skies, 96 days with some clouds, 87 days with moderate cloud cover, and 104 days with heavy cloud cover.
Coleman Michigan Electricity Costs
Residents in Coleman pay around $0.16 per kilowatt-hour for electricity, placing them in the 94th percentile in the nation and the 59th percentile in Michigan. This cost is higher than the national average of $0.13/kw, matching Michigan’s average. By installing solar panels, Coleman residents can greatly reduce their dependence on expensive grid electricity and save money in the long run.
When could you expect to break even on a solar installation in Coleman Michigan?
Considering the weather and electricity costs in Coleman Michigan, 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:
- Coleman Michigan receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Coleman Michigan are lower than the national average, but still sufficient for generating solar power.
- The cloud cover in Coleman Michigan is slightly higher than the national average, with different levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Coleman Michigan pay slightly 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 system generates electricity, reducing the amount purchased from the grid.
- With Coleman Michigan’s electricity rates, the savings are noticeable.
After analyzing the numbers, it appears that it would take around 6 years to cover the initial cost of the solar panels. This means, after 6 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, solar panels have a long lifespan, so beyond this point, you’ll continue to enjoy those savings for many years. This is a wise choice for saving money and contributing to a greener environment!
Investing in solar power in Coleman Michigan
Installing solar panels in Coleman Michigan can be a wise investment for residents looking to save money on their electricity bills. By analyzing the specific weather data for Coleman and considering the cost of electricity in the area, we have determined that it could take approximately 6 years to break even on the initial investment. Beyond this point, residents can continue to enjoy the savings generated by solar power for many years to come. Switching to solar energy is not only a smart financial decision but also a positive step towards a greener environment.