Overview
In Covington, Tennessee, installing solar panels on your home can lead to significant long-term financial benefits. By analyzing weather data and electricity costs specific to the area, we can estimate the cost of a solar system, how long it will take to break even, and ultimately how much money you can save over time. With high average UV ratings and low percentages of cloud cover, Covington residents can maximize their savings through solar energy.
Covington Tennessee Weather Trends
Covington Precipitation
In the last year, Covington, Tennessee received 53.58 inches of precipitation. This places Covington in the 56th percentile in the nation and the 23rd percentile in Tennessee. Compared to the national average of 50.61 inches and Tennessee’s average of 58.16 inches, Covington experiences a moderate amount of precipitation.
Covington’s UV Rating
In the last year, Covington, Tennessee had an average UV rating of 4.91, ranking in the 76th percentile in the nation and the 91st percentile in Tennessee. With an average max UV rating of 5.33, Covington sits in the 64th percentile in the nation and the 90th percentile in Tennessee. These high ratings indicate that Covington receives ample sunlight, making it an ideal location for harnessing solar energy.
Covington’s Cloud Cover
In the last year, Covington, Tennessee had an average of 38% cloud cover, placing it in the 21st percentile in the nation and the 2nd percentile in Tennessee. With 142 days of minimal cloud cover and only 49 days of heavy cloud cover, Covington enjoys plenty of sunny days, perfect for solar panel efficiency. Compared to the national average of 44.46% and Tennessee’s average of 43.78%, Covington stands out for its clear skies.
Covington Tennessee Electricity Costs
Covington, Tennessee residents pay about $0.11/kw for electricity, positioning the city in the 21st percentile both nationally and within the state. With lower electricity costs compared to the national average of $0.13/kw, investing in solar panels can lead to considerable savings over time. By taking advantage of the abundant sunlight in Covington, residents can reduce their reliance on traditional electricity sources and cut down on monthly expenses.
When could you expect to break even on a solar installation in Covington Tennessee?
Considering the weather and electricity costs in Covington 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:
- Covington Tennessee receives slightly more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Covington Tennessee are higher than the national average, making it suitable for generating solar power.
- The cloud cover in Covington Tennessee is lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Covington Tennessee pay slightly less 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 lower electricity rates in Covington Tennessee, the savings might not be as high as in other areas.
After calculating the numbers, it appears that it might take around 8-10 years to cover the initial cost of the solar panels. This means that after 8-10 years, the money saved on electricity bills will start to pay off the investment. And remember, solar panels have a long lifespan, so you will continue to enjoy those savings for many years. It’s a wise financial decision that also benefits the environment!
Investing in solar power in Covington Tennessee
After analyzing the weather data and electricity costs specific to Covington, Tennessee, it is evident that installing solar panels on your home can result in significant long-term financial benefits. With high UV ratings, low cloud cover, and electricity costs below the national average, residents of Covington can expect to break even on their solar system investment in around 8-10 years. This means that over time, the money saved on electricity bills will outweigh the initial cost of the panels, leading to considerable savings in the future. By harnessing solar energy, residents in Covington can not only save money but also contribute to a cleaner environment for years to come.