Overview
If you’re a resident of East Wareham, Massachusetts, you’ll want to pay attention to the potential savings that come with installing solar panels on your home. By analyzing weather data and electricity costs specific to your area, we can show you just how much money you could save in the long run. With a breakdown of the cost of a solar system and an estimate of the time it will take to break even, you’ll see the financial benefits of making the switch to solar energy.
East Wareham Massachusetts Weather Trends
East Wareham Precipitation
In the last year, East Wareham Massachusetts received 69.26 inches of precipitation, ranking it higher than the national average but slightly below the state average. With more rain than most places in the country, installing solar panels can help you take advantage of this natural resource to generate energy for your home.
East Wareham’s UV Rating
With an average UV rating of 3.68, East Wareham Massachusetts falls in the lower percentile compared to the rest of the nation but ranks relatively high in the state. While you may not have the strongest sun exposure, solar panels can still be a valuable investment to harness the sunlight and save on your electricity bills.
East Wareham’s Cloud Cover
East Wareham Massachusetts had an average of 49% cloud cover in the last year, ranking higher than the national average but lower than the state average. Despite some cloudiness, there are still plenty of clear days to generate solar energy for your home. With the right system, you can benefit from the sunshine even on partially cloudy days.
East Wareham Massachusetts Electricity Costs
East Wareham residents pay about $0.22/kw for electricity, which is higher than both the national and state averages. By installing solar panels, you can significantly reduce or even eliminate your electricity bills over time, providing long-term savings and helping you contribute to a cleaner environment.
When could you expect to break even on a solar installation in East Wareham Massachusetts?
Considering the weather and electricity costs in East Wareham, 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 Wareham receives more precipitation than the national average, but it still has sufficient sunlight for solar panels to be effective.
- The UV ratings in East Wareham are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in East Wareham is about average for the country, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in East Wareham pay a higher rate 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 Wareham’s higher electricity rates, the savings are even more significant.
After crunching the numbers, it looks like 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 start to accumulate and pay off the investment. Remember, solar panels have a long lifespan, so after that initial period, you will continue to enjoy those savings for many years. It’s a smart way to save money and help the environment simultaneously!
Investing in solar power in East Wareham Massachusetts
Installing solar panels in East Wareham, Massachusetts can be a financially beneficial decision for residents. With higher than average precipitation, decent sunlight exposure, and slightly higher electricity costs, solar energy can provide significant savings over time. By investing in a solar system, residents can expect to break even on their initial investment in around 6-7 years and continue to enjoy long-term savings for many more years to come. Making the switch to solar power is not only a smart financial choice but also a step towards a cleaner environment.