Overview
Are you tired of high electricity bills in Engelhard, North Carolina? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data and electricity costs over the course of a year, we can show you how much money you could save by going solar. With the right solar system, you could break even on your investment sooner than you might think, making it a smart financial decision for your household.
Engelhard North Carolina Weather Trends
Engelhard Precipitation
With Engelhard receiving 72.86 inches of precipitation in the last year, it is clear that the area sees a significant amount of rainfall. This amount puts Engelhard in the 92nd percentile across the country and the 84th percentile in North Carolina. Compared to the national average of 50.61 inches and North Carolina’s average of 65.54 inches, Engelhard definitely stands out for its ample rainfall.
Engelhard’s UV Rating
Engelhard’s average UV rating of 4.8 in the last year places it in the 73rd percentile nationwide and the 58th percentile in North Carolina. Comparing this to the national average of 4.29 and North Carolina’s average of 4.72, Engelhard experiences a decent amount of sunlight. Additionally, with an average max UV rating of 4.77, Engelhard is still above the national average of 4.61, although it falls slightly below North Carolina’s average of 5.06.
Engelhard’s Cloud Cover
With an average of 44% cloud cover in the last year, Engelhard sits in the 52nd percentile in the nation and the 83rd percentile in North Carolina. While the national average hovers around 44.46%, North Carolina’s average is slightly lower at 42.57%. Engelhard experienced a variety of cloud cover throughout the year, with 92 days having between 0% and 25% cloud cover, 125 days with 25-50% cover, 98 days with 50-75% cover, and 49 days with 75-100% cover.
Engelhard North Carolina Electricity Costs
Engelhard residents pay approximately $0.15/kw for electricity, placing them in the 93rd percentile nationally and the 99th percentile in North Carolina. Comparatively, the national average for residential electricity is $0.13/kw, while the North Carolina average is $0.12/kw. With Engelhard’s higher electricity costs, switching to solar panels could provide significant financial benefits in the long run.
When could you expect to break even on a solar installation in Engelhard North Carolina?
Considering the weather and electricity costs in Engelhard 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:
- Engelhard North Carolina receives more precipitation than the national average, which can impact solar panel efficiency.
- The UV ratings in Engelhard North Carolina are higher than the national average, which is great for generating solar power.
- The cloud cover in Engelhard North Carolina is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Engelhard North Carolina pay slightly 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 from the grid.
- With Engelhard North Carolina’s higher electricity rates, the savings from solar power 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 last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a wise way to save money and contribute to a greener environment!
Investing in solar power in Engelhard North Carolina
By analyzing the weather trends and electricity costs in Engelhard, North Carolina, it is clear that installing solar panels on your home could lead to substantial financial benefits. With higher than average precipitation, decent UV ratings, and slightly lower cloud cover, Engelhard is an ideal location for solar power generation. Additionally, with electricity costs higher than the national average, switching to solar could result in significant savings over time. Based on our calculations, it is estimated that you could break even on your investment in solar panels within 6-7 years, after which you will continue to reap the financial rewards for many more years to come. Making the switch to solar panels in Engelhard is not only a smart financial decision but also a step towards a more sustainable future. Don’t wait any longer to start saving on your electricity bills!