Overview
If you are an Edgerton Ohio resident considering whether or not to install solar panels on your home, you may be interested in learning about the financial benefits of making this investment. By analyzing local weather data and electricity costs, we will demonstrate how installing a solar system can save you money in the long run. We will break down the costs involved in setting up a solar system and estimate how many years it will take for you to break even, making it a financially smart decision for your household.
Edgerton Ohio Weather Trends
Edgerton Precipitation
With Edgerton Ohio receiving 47.03 inches of precipitation in the last year, it is important to note that this puts the area in the 42nd percentile in the nation and the 29th percentile in Ohio. Comparatively, the national average for total precipitation is 50.61 inches, while Ohio’s average stands at 51.17 inches. Despite slightly lower precipitation levels, installing solar panels can still prove to be a wise financial decision for Edgerton residents.
Edgerton’s UV Rating
Considering Edgerton Ohio’s average UV rating of 3.67 in the last year, it falls within the 28th percentile in the nation and the 25th percentile in Ohio. In comparison, the national average for average UV rating is 4.29, with Ohio’s average UV rating reaching 3.84. Despite these numbers, Edgerton still enjoys a decent amount of sunlight that can be harnessed through solar panels to generate clean energy for your home.
Edgerton’s Cloud Cover
Edgerton Ohio had an average cloud cover of 50% in the last year, placing it in the 73rd percentile in the nation and the 36th percentile in Ohio. This means that there are plenty of sunny days available for solar energy production. Although the national average for average cloud cover is lower at 44.46%, and Ohio’s average is slightly higher at 51.13%, Edgerton still has favorable conditions for solar panel installation and energy generation.
Edgerton Ohio Electricity Costs
Residents of Edgerton Ohio pay about $0.12/kw for electricity, positioning the area in the 59th percentile in the nation and the 34th percentile in Ohio. While the national average for residential electricity is slightly higher at $0.13/kw, Ohio’s average matches Edgerton at $0.12/kw. By harnessing solar power to supplement your electricity needs, you can reduce your reliance on traditional power sources and potentially save money on your utility bills in the long run.
When could you expect to break even on a solar installation in Edgerton Ohio?
Considering the weather and electricity costs in Edgerton Ohio, 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:
- Edgerton Ohio receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Edgerton Ohio are slightly lower than the national average but still suitable for generating solar power effectively.
- The cloud cover in Edgerton Ohio is slightly above the national average, with fluctuations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Edgerton Ohio pay slightly less for electricity compared to the national average, which can impact the savings from using solar power.
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:
- The system generates electricity, reducing the need to purchase electricity from the grid.
- With Edgerton Ohio’s lower electricity rates, the savings may take longer to offset the initial cost.
After analyzing the data, it appears that it may take around 8-10 years to cover the initial cost of the solar panels in Edgerton Ohio. This means that after this period, the money saved on electricity bills will begin to surpass the investment. Additionally, as solar panels have a lifespan of 25-30 years, the savings will continue for many years after the break-even point. Investing in solar panels is a wise decision that not only helps save money but also contributes to environmental conservation.
Investing in solar power in Edgerton Ohio
Installing solar panels in Edgerton Ohio can be a financially beneficial decision for residents. With slightly lower precipitation levels but decent sunlight exposure, along with affordable electricity costs, solar panels can help you save money in the long run. By analyzing the data, it is estimated that it may take around 8-10 years to break even on the initial investment, after which you will start saving money on your utility bills. This investment not only benefits your finances but also contributes to environmental conservation, making it a smart choice for Edgerton households.