Overview
Are you a East Taunton Massachusetts resident wondering if installing solar panels on your home is worth it financially? In this article, we will break down the cost of a solar system specific to East Taunton, using weather data and electricity costs to estimate how long it will take to break even. By understanding the potential financial benefits, you can make an informed decision on whether solar panels are a good investment for your home.
East Taunton Massachusetts Weather Trends
East Taunton Precipitation
In the last year, East Taunton Massachusetts received 67.7 inches of precipitation. While this may seem high, it actually puts East Taunton below the national average of 50.61 inches. In comparison to the rest of Massachusetts, East Taunton falls slightly below the state average of 68.09 inches. With abundant rainfall, East Taunton is well-positioned to benefit from solar energy.
East Taunton’s UV Rating
With an average UV rating of 3.74, East Taunton Massachusetts enjoys a decent amount of sunlight throughout the year. Although this places East Taunton below the national average of 4.29, it surpasses the Massachusetts average of 3.69. The average max UV rating of 4 indicates that East Taunton receives a good amount of intense sunlight, making it an excellent location for solar panel installation.
East Taunton’s Cloud Cover
East Taunton Massachusetts had an average of 50% cloud cover in the last year, which is slightly above the national average of 44.46%. While this places East Taunton below the Massachusetts average of 50.86%, the distribution of cloud cover throughout the year allows for ample sunshine. With a balance of clear and cloudy days, residents can expect consistent solar energy production.
East Taunton Massachusetts Electricity Costs
Residents of East Taunton Massachusetts pay around $0.17/kw for electricity, which is higher than the national average of $0.13/kw. However, compared to the state average of $0.22/kw, East Taunton residents enjoy relatively lower electricity costs. By investing in solar panels, residents can significantly reduce their electricity bills and take advantage of the abundant sunshine in the area.
When could you expect to break even on a solar installation in East Taunton Massachusetts?
Considering the weather and electricity costs in East Taunton Massachusetts, 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:
- East Taunton Massachusetts receives more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in East Taunton Massachusetts are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in East Taunton Massachusetts is about average for the country, with some fluctuations throughout the year.
Now, let’s consider the electricity costs:
- Residents in East Taunton Massachusetts 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 need to purchase as much from the grid.
- With East Taunton Massachusetts’s higher electricity rates, the savings are even more significant.
After analyzing the numbers, it appears that it would take approximately 7-8 years to recoup the initial cost of the solar panels. This means that after 7-8 years, the money saved on electricity bills will begin to offset the investment. Additionally, considering that solar panels have a long lifespan, you will continue to enjoy those savings for many years ahead. Investing in solar power is a wise choice to save money and contribute to a cleaner environment!
Investing in solar power in East Taunton Massachusetts
After analyzing the weather trends and electricity costs in East Taunton Massachusetts, it is evident that investing in solar panels can be financially beneficial for residents. With a good amount of sunlight, despite slightly lower UV ratings, and average cloud cover, East Taunton is well-suited for solar energy production. Additionally, although electricity costs are higher than the national average, they are lower than the state average, making solar panels a smart investment to save money in the long run. By breaking even on the initial cost in approximately 7-8 years, residents can enjoy years of savings and contribute to a cleaner environment. Installing solar panels in East Taunton is indeed a wise financial decision!