Overview
Are you a resident of Exeter, Nebraska looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been looking for. In this article, we will break down the financial benefits of going solar in Exeter, using weather data and electricity costs specific to the area. By analyzing the cost of a solar system and estimating the time it will take to break even, you can see just how much money you could save in the long run.
Exeter Nebraska Weather Trends
Exeter Precipitation
With 65.06 inches of precipitation in the last year, Exeter, Nebraska, is well above the national average of 50.61 inches. Compared to the rest of Nebraska, Exeter is in the 93rd percentile. This means that Exeter receives more rainfall than most areas in the state and country, making it a great location for solar panel installation.
Exeter’s UV Rating
Exeter, Nebraska, has an average UV rating of 3.53, placing it in the 20th percentile nationally. However, when compared to the rest of Nebraska, Exeter is in the 5th percentile. This lower UV rating may seem disadvantageous, but it is still sufficient for generating solar power. With an average max UV rating of 3.73, Exeter is in a good position for solar energy production.
Exeter’s Cloud Cover
Exeter, Nebraska, has an average cloud cover of 51%, which is higher than the national average of 44.46%. In comparison to the rest of Nebraska, Exeter is in the 93rd percentile for cloud cover. Despite this, Exeter still has plenty of clear days for effective solar panel operation, with 93 days at low cloud cover levels and only 100 days at high cloud cover levels.
Exeter Nebraska Electricity Costs
Residents of Exeter, Nebraska, pay about $0.1/kw for electricity, which is on par with the state average. However, when compared to the national average of $0.13/kw, Exeter residents are saving money on their electricity bills. By installing solar panels, Exeter residents can further reduce their electricity costs and take advantage of the abundant sunlight available in the area.
When could you expect to break even on a solar installation in Exeter Nebraska?
Considering the weather and electricity costs in Exeter, Nebraska, 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:
- Exeter, Nebraska received more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Exeter, Nebraska are slightly lower than the national average but are still suitable for generating solar power.
- Cloud cover in Exeter is slightly higher than the national average, varying throughout the year.
Now, let’s consider the electricity costs:
- Residents in Exeter, Nebraska pay less for electricity compared to the national average, which is beneficial for the cost savings of 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. Here’s how:
- The system generates electricity, reducing the need to purchase electricity from the grid.
- With lower electricity rates in Exeter, Nebraska, the savings from using solar power would be significant.
After analyzing the data, it appears that it would take approximately 5 years to recoup the initial cost of the solar panels. Following this period, the money saved on electricity bills will begin to accumulate and contribute to the return on investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years beyond the break-even point. Investing in solar panels is a wise choice for both saving money and supporting environmental sustainability in Exeter, Nebraska!
Investing in solar power in Exeter Nebraska
After analyzing the data on weather trends and electricity costs in Exeter, Nebraska, it is clear that investing in solar panels can lead to significant financial benefits in the long run. With an average break-even time of 5 years and the potential for continued savings over the 25 to 30 year lifespan of the system, residents of Exeter have a great opportunity to save money on their electricity bills. By taking advantage of the abundant sunlight in the area, not only can residents save money, but they can also contribute to environmental sustainability. Installing solar panels in Exeter, Nebraska is a wise choice for both financial and ecological reasons.