Overview
Living in Ely, Nevada offers plenty of sunshine throughout the year, making it an ideal location to benefit from solar energy. By installing solar panels on your home, you can take advantage of the abundant sunlight to generate electricity and reduce your monthly utility bills. In this article, we will break down the cost of a solar system, estimate how long it will take to break even, and show you how investing in solar power can save you money in the long run.
Ely Nevada Weather Trends
Ely Precipitation
Living in Ely, Nevada means experiencing lower levels of precipitation compared to the national average. With 18.24 inches of precipitation in the last year, Ely falls in the 67th percentile in Nevada and the 5th percentile in the nation. In comparison, the national average for total precipitation is 50.61 inches, while Nevada’s average is 17.34 inches. With less rainfall, Ely’s sunny days are perfect for harnessing solar energy.
Ely’s UV Rating
When it comes to sun exposure, Ely, Nevada, offers ample opportunity for solar energy generation. With an average UV rating of 3.55, Ely ranks in the 18th percentile in Nevada and the 21st percentile in the nation. Although slightly lower than the national average of 4.29, and Nevada’s average of 4.29, Ely still boasts a favorable environment for solar panel efficiency. With an average max UV rating of 3.71 in the last year, Ely continues to provide optimal conditions for solar power production.
Ely’s Cloud Cover
Ely, Nevada, experiences lower cloud cover compared to the national average. With an average of 31% cloud cover, Ely falls in the 72nd percentile in Nevada and the 8th percentile in the nation. In contrast, the national average for cloud cover is 44.46%, while Nevada’s average is 26.16%. With fewer cloudy days, Ely offers a sun-drenched environment for solar panel installations, ensuring consistent energy production throughout the year.
Ely Nevada Electricity Costs
Residents in Ely, Nevada, are fortunate to enjoy low electricity costs, with rates around $0.08/kw. This places Ely in the 5th percentile in Nevada and the 1st percentile in the nation for residential electricity rates. In comparison, the national average for electricity is $0.13/kw, while Nevada’s average is $0.1/kw. By investing in solar panels, Ely residents can take advantage of the abundant sunshine to offset their electricity expenses and save money in the long run.
When could you expect to break even on a solar installation in Ely Nevada?
Considering the weather and electricity costs in Ely Nevada, 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:
- Ely Nevada receives less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings are slightly lower than the national average, but still sufficient for generating solar power effectively.
- Cloud cover in Ely Nevada is lower than the national average, with fewer cloudy days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Ely Nevada pay less for electricity compared to the national average, making solar power a cost-effective option.
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 purchased from the grid and resulting in cost savings.
- With lower electricity rates in Ely Nevada, the savings accumulate over time.
After analyzing the data, it appears that it would take approximately 6 years to recover the initial cost of the solar panels. Following this period, the savings on electricity bills will continue to accumulate, offering long-term financial benefits. Additionally, since solar panels have a lifespan of 25-30 years, the investment proves to be a reliable and sustainable choice. By choosing solar power, residents in Ely Nevada can save money and contribute to a greener future simultaneously!
Investing in solar power in Ely Nevada
With the abundant sunshine, low precipitation, favorable UV ratings, and minimal cloud cover in Ely, Nevada, investing in solar panels proves to be a wise decision. Not only do residents benefit from lower electricity costs compared to the national average, but the estimated payback period for a 10kW solar system is approximately 6 years. Beyond this point, the savings on electricity bills continue to grow, offering long-term financial advantages. By embracing solar power, residents in Ely, Nevada, can enjoy both economical benefits and contribute to a cleaner, more sustainable future.