Overview
Are you tired of constantly rising electricity bills in Exeter, Rhode Island? Installing solar panels on your home may be the solution you’ve been looking for. By analyzing weather data and average energy costs in your area, we can show you how investing in solar power can save you money in the long run. We’ll break down the cost of a solar system and estimate how quickly you can start seeing a return on your investment.
Exeter Rhode Island Weather Trends
Exeter Precipitation
With Exeter, Rhode Island receiving 69.09 inches of precipitation in the last year, it stands in the 87th percentile nationwide and the 38th percentile within Rhode Island. Comparatively, the national average for total precipitation is 50.61 inches, while Rhode Island’s average is 70.49 inches. By harnessing this abundant natural resource, you can reduce your reliance on traditional electricity sources.
Exeter’s UV Rating
Exeter, Rhode Island boasts an average UV rating of 3.75, ranking it in the 33rd percentile nationally and the 80th percentile statewide. In comparison, the national average UV rating is 4.29, and Rhode Island’s average is 3.7. This ample sunlight makes Exeter an ideal location for solar panel installation, allowing you to generate your own clean energy efficiently.
Exeter’s Cloud Cover
With an average cloud cover of 48%, Exeter falls in the 67th percentile nationally and the 17th percentile in Rhode Island. The national average for cloud cover is 44.46%, while Rhode Island’s average is 49.35%. The significant number of clear days in Exeter provides ample sunlight for your solar panels to produce energy consistently throughout the year.
Exeter Rhode Island Electricity Costs
Exeter residents currently pay about $0.22 per kilowatt-hour for electricity, placing them in the 99th percentile nationally and the 67th percentile within Rhode Island. In contrast, the national average for residential electricity cost is $0.13/kw. By investing in solar panels, you can significantly lower your energy bills and protect yourself against future price hikes in traditional energy sources.
When could you expect to break even on a solar installation in Exeter Rhode Island?
Considering the weather and electricity costs in Exeter Rhode Island, 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 Rhode Island receives more precipitation than the national average, but it still has enough sunlight for solar panels to work effectively.
- The UV ratings in Exeter Rhode Island are slightly lower than the national average, but they are still sufficient for generating solar power.
- Cloud cover in Exeter Rhode Island is around average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Exeter Rhode Island pay 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 amount needed from the grid.
- Due to higher electricity rates in Exeter Rhode Island, the savings are significant.
After analyzing the numbers, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Remember, solar panels have a long lifespan, so after the initial period, you will continue to reap those savings for many years. It’s a wise way to save money and contribute to environmental sustainability at the same time!
Investing in solar power in Exeter Rhode Island
Investing in solar panels in Exeter, Rhode Island can be a cost-effective solution to combat rising electricity bills. With the ample sunlight available and higher-than-average electricity costs in the area, installing solar panels can lead to significant savings in the long run. By harnessing the power of the sun and reducing reliance on traditional energy sources, homeowners in Exeter can not only save money but also contribute to a more sustainable environment. After approximately 5 years, the initial cost of the solar panels can be recouped, leading to years of continued savings. It’s a smart investment that benefits both your wallet and the planet!