Overview
Are you a resident of Cornell, Michigan looking to save money on your electricity bills? Installing solar panels on your home could be a smart financial decision. In this article, we will break down the cost of a solar system for your home and estimate how long it will take for you to break even. By analyzing weather data and electricity costs specific to Cornell, we will show you how going solar can help you save money in the long run.
Cornell Michigan Weather Trends
Cornell Precipitation
With 42.17 inches of precipitation in the last year, Cornell Michigan falls in the 32nd percentile in both the nation and Michigan. Compared to the national average of 50.61 inches and Michigan’s average of 44.01 inches, Cornell receives a moderate amount of precipitation. Despite this, solar panels can still be a beneficial investment for saving money on electricity bills.
Cornell’s UV Rating
With an average UV rating of 3.07, Cornell Michigan ranks in the 4th percentile nationally and the 16th percentile in Michigan. When considering the national average UV rating of 4.29 and Michigan’s average of 3.43, Cornell’s UV levels may seem lower. However, the available sunlight is still sufficient to generate significant energy from solar panels.
Cornell’s Cloud Cover
With an average of 54% cloud cover in the last year, Cornell Michigan is in the 86th percentile nationally and the 65th percentile in Michigan. While cloud cover can impact solar panel efficiency, Cornell still has many days with varying cloud cover percentages. This means that there are plenty of opportunities to harness solar energy throughout the year.
Cornell Michigan Electricity Costs
Residents of Cornell, Michigan pay about $0.21/kw for electricity, which is in the 99th percentile nationally and the 98th percentile in Michigan. Comparatively, the national average for residential electricity is $0.13/kw, while Michigan’s average is $0.16/kw. By installing solar panels on your home, you can offset high electricity costs and ultimately save money in the long run.
When could you expect to break even on a solar installation in Cornell Michigan?
Considering the weather and electricity costs in Cornell, 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:
- Cornell, Michigan received less precipitation compared to the national average, making it suitable for solar panel installation.
- The UV ratings in Cornell, Michigan are slightly lower than the national average but still good for generating solar power.
- Cloud cover in Cornell, Michigan is higher than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Cornell, Michigan pay 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 needed from the grid.
- With higher electricity rates in Cornell, Michigan, the savings are significant.
After analyzing the data, it appears that it would take around 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the money saved on electricity bills will begin to offset the investment. Considering the long lifespan of solar panels, you can enjoy those savings for many years to come. Investing in solar panels is not only a financially smart decision but also beneficial for the environment.
Investing in solar power in Cornell Michigan
Installing solar panels on your home in Cornell, Michigan can be a wise financial choice. By analyzing the local weather trends and electricity costs, we have determined that it would take approximately 6-7 years to break even on the initial investment. With the high cost of electricity in Cornell, the long-term savings from solar power can make a significant impact on your finances. Not only will you save money, but you will also be contributing to a cleaner, more sustainable environment. Consider going solar today to start saving in the long run!