Overview
Thinking about installing solar panels on your home in Georgetown, Colorado? Consider this: with an average electricity cost of 13 cents per kilowatt-hour and abundant sunshine year-round, investing in solar power could save you thousands of dollars in the long run. By analyzing weather data and breaking down the cost of a solar system, we will show you how quickly you can recoup your initial investment and start enjoying the financial benefits of harnessing clean, renewable energy.
Georgetown Colorado Weather Trends
Georgetown Precipitation
With 50.52 inches of precipitation in the last year, Georgetown Colorado falls in the 90th percentile in the state and the 49th percentile nationally. Compared to the rest of Colorado, which averages 35.53 inches, Georgetown sees more rain, making it a prime location for harnessing solar power.
Georgetown’s UV Rating
Georgetown Colorado boasts an average UV rating of 4.23, placing it in the 73rd percentile in Colorado and the 55th percentile in the nation. With an average max UV rating of 4.19, Georgetown enjoys ample sunlight throughout the year, making it an ideal place for solar panel installation compared to the state average of 4.02 and the national average of 4.29.
Georgetown’s Cloud Cover
Georgetown Colorado has an average cloud cover of 49%, positioning it in the 91st percentile in Colorado and the 69th percentile nationally. With varying degrees of cloud cover throughout the year, including a significant number of days with minimal cloud cover, Georgetown offers optimal conditions for generating solar energy.
Georgetown Colorado Electricity Costs
Georgetown residents pay approximately $0.11/kw for electricity, ranking in the 3rd percentile in Colorado and the 43rd percentile in the nation. Compared to the national average of $0.13/kw and the state average of $0.14/kw, Georgetown’s lower electricity costs make it a cost-effective choice for investing in solar panels.
When could you expect to break even on a solar installation in Georgetown Colorado?
Considering the weather and electricity costs in Georgetown Colorado, 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:
- Georgetown Colorado receives slightly less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Georgetown Colorado are slightly below the national average, but still sufficient for generating solar power.
- Cloud cover in Georgetown Colorado is slightly higher than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Georgetown Colorado pay lower electricity costs 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, especially with the lower electricity costs in Georgetown Colorado.
After analyzing the data, it looks like it would take around 7 years to cover the initial cost of the solar panels. This means that after 7 years, the savings on electricity bills will begin to accumulate and compensate for the investment. Also, considering that solar panels last for at least 25 years, you will continue to save money for many years after breaking even. It’s a wise investment not only financially but also environmentally!
Investing in solar power in Georgetown Colorado
After analyzing the weather trends and electricity costs in Georgetown, Colorado, it is clear that investing in solar panels can be a smart financial decision. With higher than average sunshine, lower electricity costs, and the potential to break even in around 7 years, installing solar panels on your home could save you thousands of dollars in the long run. Not only will you enjoy the financial benefits, but you’ll also be contributing to a cleaner, more sustainable environment. Consider harnessing the power of the sun and start saving today!