Overview
In Earl, North Carolina, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs over the course of a year, we can show you how much you can save by switching to solar power. We will break down the cost of a solar system, estimate the time it will take to break even, and demonstrate how you can start saving money on your energy bills.
Earl North Carolina Weather Trends
Earl Precipitation
In the last year Earl North Carolina received 61.38 inches of precipitation. That puts Earl in the 73rd percentile in the nation and the 29th percentile in North Carolina. The national average for total precipitation is 50.61 inches. North Carolina’s average for total precipitation is 65.54 inches. With more rain than most places in the country and slightly below the state average, Earl’s climate provides ample opportunity to generate electricity through solar panels.
Earl’s UV Rating
In the last year Earl North Carolina had an average UV rating of 4.79. That puts Earl in the 73rd percentile in the nation and the 55th percentile in North Carolina. The national average for average UV rating is 4.29. North Carolina’s average for average UV rating is 4.72. In the last year Earl North Carolina had an average max UV rating of 5.22. That puts Earl in the 61st percentile in the nation and the 64th percentile in North Carolina. With higher UV ratings than most areas, Earl is a prime location for harnessing solar energy to power your home.
Earl’s Cloud Cover
In the last year Earl North Carolina had an average of 40% cloud cover. That puts Earl in the 27th percentile in the nation and the 8th percentile in North Carolina. The national average for average cloud cover is 44.46%. North Carolina’s average for average cloud cover is 42.57%. With lower cloud cover compared to both the national average and the state average, Earl offers more clear days for optimal solar panel efficiency.
Earl North Carolina Electricity Costs
Earl North Carolina residents pay about $0.1/kw for electricity. That puts Earl in the 15th percentile in the nation and the 1st percentile in North Carolina. The national average for residential electricity is $0.13/kw. North Carolina’s average for residential electricity is $0.12/kw. With electricity costs lower than most places in the country and well below the state average, investing in solar panels can lead to significant long-term savings on your energy bills.
When could you expect to break even on a solar installation in Earl North Carolina?
Considering the weather and electricity costs in Earl, North Carolina, 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:
- Earl gets more rain than the national average, but it still has enough sunny days for solar panels to be effective.
- The UV ratings in Earl are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Earl is slightly less than the national average, which is beneficial for solar panel efficiency.
Now, let’s consider the electricity costs:
- Residents in Earl pay less for electricity compared to the national average, at $0.1/kw.
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 as much from the grid.
- With Earl’s lower electricity rates, the savings may take longer to cover the initial cost of the solar panels.
After doing the calculations, it looks like it could take around 8 years to cover the initial cost of the solar panels in Earl, North Carolina. This means that after 8 years, the money saved on electricity bills will start to accumulate and pay off the investment. Remember, solar panels have a long lifespan, so you will continue to enjoy these savings for many years beyond the break-even point. It’s a wise choice for saving money and contributing to a cleaner environment!
Investing in solar power in Earl North Carolina
After analyzing the weather data and electricity costs in Earl, North Carolina, it is clear that investing in solar panels can lead to significant financial benefits. With more sunny days, higher UV ratings, and lower cloud cover than national averages, Earl is an ideal location for generating solar power. Additionally, residents pay less for electricity compared to the national average, making solar energy a cost-effective choice. Based on the calculations, it is estimated that it could take around 8 years to break even on the initial cost of a solar system. This means that homeowners in Earl can start saving money on their energy bills and enjoy long-term financial savings. By switching to solar power, not only will you benefit financially, but you will also contribute to a cleaner environment for future generations.