Overview
If you live in Farmington, West Virginia, you may be missing out on significant savings by not having solar panels on your home. By analyzing weather data and electricity costs over a year, we can show you the financial benefits of installing a solar system. With the amount of sunlight Farmington receives, you could potentially break even on your investment sooner than you think. Read on to discover how solar panels can help you save money in the long run.
Farmington West Virginia Weather Trends
Farmington Precipitation
With Farmington West Virginia receiving 61.46 inches of precipitation last year, it falls above the national average of 50.61 inches. When compared to the rest of West Virginia, Farmington is also above the state average of 57.58 inches. By harnessing this abundance of rainfall, you can maximize the efficiency of your solar panels and potentially increase your savings in the long run.
Farmington’s UV Rating
At an average UV rating of 3.8, Farmington West Virginia falls below the national average of 4.29, but is in line with the state average of 4.01. Additionally, the average max UV rating of 4.17 indicates potential for effective solar panel performance. With plenty of sunlight available, installing solar panels can help you take advantage of Farmington’s solar potential and reduce your carbon footprint.
Farmington’s Cloud Cover
With an average of 53% cloud cover, Farmington West Virginia is above the national average of 44.46% and the state average of 51.1%. However, with a significant number of days featuring low cloud cover, there are ample opportunities for your solar panels to generate electricity efficiently. By capitalizing on sunny days, you can offset your electricity costs and contribute to a cleaner environment.
Farmington West Virginia Electricity Costs
Residents in Farmington pay about $0.11/kw for electricity, below the national average of $0.13/kw. When compared to the rest of West Virginia, Farmington also pays less than the state average of $0.12/kw. By investing in solar panels, you can stabilize your energy costs and potentially save money in the long term, especially with Farmington’s favorable electricity rates.
When could you expect to break even on a solar installation in Farmington West Virginia?
Considering the weather and electricity costs in Farmington West Virginia, 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:
- Farmington West Virginia receives more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Farmington are slightly lower than the national average, but still suitable for generating solar power.
- The cloud cover in Farmington is higher than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Farmington West Virginia pay slightly less 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.
- With Farmington’s electricity rates, the savings can add up over time.
After analyzing the data, it appears that it would take approximately 8-10 years to cover the initial cost of the solar panels. This means that after 8-10 years, the money saved on electricity bills will start to pay off the investment. Considering the longevity of solar panels, you will continue to benefit from these savings for many years after breaking even. Investing in solar panels is a smart way to save money and contribute to a greener environment.
Investing in solar power in Farmington West Virginia
With the data analyzed and costs broken down, it is clear that investing in solar panels in Farmington, West Virginia can lead to significant savings in the long run. Despite higher precipitation and cloud cover, the abundance of sunlight and relatively low electricity costs make solar panels a viable option for homeowners in Farmington. By breaking even on the initial investment in approximately 8-10 years and continuing to save money for years to come, solar panels are not only a financially sound decision but also a sustainable choice for the environment. Consider installing solar panels to enjoy savings and reduce your carbon footprint in Farmington.