Overview
If you live in Compton, Maryland, you may be missing out on a great opportunity to save money on your electricity bills. By harnessing the power of the sun with solar panels, you can significantly reduce your energy costs over time. In this article, we will break down the financial benefits of installing a solar system on your home in Compton, based on local weather data and electricity rates. So, sit back, relax, and let us show you how going solar can put money back in your pocket.
Compton Maryland Weather Trends
Compton Precipitation
Living in Compton, Maryland, you experience an average of 51.78 inches of precipitation a year. Compared to the rest of the country, Compton falls within the 52nd percentile, showing that it receives a moderate amount of rainfall. However, in Maryland, Compton is in the 19th percentile for total precipitation, meaning it receives less rain than many other parts of the state.
Compton’s UV Rating
Compton boasts an average UV rating of 4.39, ranking it in the 61st percentile nationwide. This indicates that Compton receives a healthy amount of sunlight each year, making it a great location for harnessing solar energy. While Compton’s UV rating is higher than the national average of 4.29, it also outshines the Maryland state average of 4.26, presenting even more opportunity for solar power generation. Moreover, Compton’s average max UV rating of 4.74 sets it in a favorable position for optimal solar energy production.
Compton’s Cloud Cover
With an average cloud cover of 42% annually, Compton residents enjoy clearer skies compared to much of the nation. In terms of cloud cover percentile, Compton is in the 40th percentile nationally and the 11th percentile within Maryland. The lower cloud cover percentage means more sunlight reaches your solar panels, enhancing their efficiency. Compton experiences a good balance of cloud cover throughout the year, with varying levels providing ample opportunity for solar energy absorption.
Compton Maryland Electricity Costs
Compton residents pay an average of $0.11/kw for electricity, placing them in the 42nd percentile nationally and the 22nd percentile within Maryland. This cost is below the national average of $0.13/kw, making it a financially advantageous location for installing solar panels. By generating your own renewable energy through solar power, you can significantly reduce your electricity bills, effectively saving money in the long run.
When could you expect to break even on a solar installation in Compton Maryland?
Considering the weather and electricity costs in Compton Maryland, 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:
- Compton Maryland receives slightly more precipitation than the national average, which can affect solar panel performance.
- The UV ratings in Compton Maryland are slightly higher than the national average, making it a good location for solar power generation.
- Cloud cover in Compton Maryland is slightly lower than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Compton Maryland pay slightly less for electricity compared to the national average, which can impact the savings from using solar power.
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 Compton Maryland’s slightly lower electricity rates, the savings may be slightly lower compared to other locations.
After analyzing the data, it is estimated that it would take around 7-8 years to cover the initial cost of the solar panels in Compton Maryland. This means that after 7-8 years, the money saved on electricity bills will begin to offset the investment. Since solar panels last for 25-30 years, there will be significant savings over the long term. Investing in solar panels can be a smart financial decision that also benefits the environment.
Investing in solar power in Compton Maryland
In conclusion, residents of Compton, Maryland have a great opportunity to save money on their electricity bills by harnessing the power of the sun with solar panels. The favorable weather conditions, including higher than average UV ratings and lower cloud cover, create an ideal environment for solar power generation. With electricity costs below the national average, it is estimated that it would take around 7-8 years to break even on the initial cost of installing solar panels. Investing in solar energy not only puts money back in your pocket but also helps reduce your carbon footprint, making it a smart financial decision for the long term.