Overview
In Fernley, Nevada, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs over the course of a year, we can estimate the cost of a solar system and how long it will take to break even. With the high average UV rating and relatively low cloud cover, Fernley residents can take advantage of ample sunshine to generate their own clean and renewable energy, saving money on their electricity bills in the long run.
Fernley Nevada Weather Trends
Fernley Precipitation
With only 11.02 inches of precipitation in the last year, Fernley falls in the 2nd percentile in the nation and the 41st percentile in Nevada. This means that Fernley receives much less rainfall compared to both the national average of 50.61 inches and Nevada’s average of 17.34 inches. Installing solar panels can take advantage of the sunny days and help offset the lower precipitation levels in Fernley.
Fernley’s UV Rating
Having an average UV rating of 4.26 in the last year, Fernley ranks in the 57th percentile in the nation and the 67th percentile in Nevada. While the national average for UV rating is slightly higher at 4.29, Fernley still receives plenty of sunlight to fuel a solar system. With an average max UV rating of 4.62, Fernley’s ranking in the 48th percentile in the nation and the 59th percentile in Nevada highlights the ideal conditions for solar energy production.
Fernley’s Cloud Cover
At an average of 26% cloud cover in the last year, Fernley is in the 5th percentile in the nation and the 49th percentile in Nevada. This low cloud cover percentage compared to the national average of 44.46% and Nevada’s average of 26.16% provides Fernley residents with more opportunities to harness solar energy. With over 200 days of clear to partly cloudy skies, solar panels in Fernley can operate efficiently throughout the year.
Fernley Nevada Electricity Costs
Residents of Fernley pay about $0.1/kw for electricity, placing them in the 12th percentile in the nation and the 37th percentile in Nevada. While the national average for residential electricity is higher at $0.13/kw, Nevada’s average matches Fernley’s at $0.1/kw. By installing solar panels, Fernley residents can reduce their reliance on utility-provided electricity and take advantage of the abundant sunshine to save money on their electricity bills in the long run.
When could you expect to break even on a solar installation in Fernley Nevada?
Considering the weather and electricity costs in Fernley, 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:
- Fernley, Nevada receives less precipitation compared to the national average, making it an ideal location for solar energy production.
- The UV ratings in Fernley are very close to the national average, providing good conditions for solar panels to generate electricity.
- Cloud cover in Fernley is lower than the national average, with a majority of days having minimal cloud cover, allowing for optimal solar energy generation.
Now, let’s consider the electricity costs:
- Residents in Fernley pay less for electricity compared to the national average, making solar energy a cost-effective option for powering homes.
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 saving money on electricity bills.
- With Fernley’s lower electricity rates, the savings from using solar power are even more 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 offset the investment. Additionally, since solar panels have a lifespan of 25 to 30 years, the savings will continue for many years beyond the breakeven point. Making the switch to solar energy is not only a smart financial decision but also an environmentally-friendly choice for powering your home.
Investing in solar power in Fernley Nevada
With ample sunshine, low cloud cover, and relatively lower electricity costs, installing solar panels in Fernley, Nevada can result in significant financial benefits and ultimately lead to long-term savings on electricity bills. By taking advantage of the ideal weather conditions and lower electricity rates, residents can expect to break even on their initial investment in solar panels in approximately 5 years. Not only does this shift to solar energy make financial sense, but it also promotes the use of clean and renewable energy sources, making it a smart and environmentally-friendly choice for Fernley homeowners.