Overview
If you’re a Georgetown Delaware resident looking to save money on your electricity bills, installing solar panels on your home could be a smart investment. By analyzing weather data and electricity costs specific to Georgetown, we can show you how much you can potentially save over time. With clear breakdowns of the costs of a solar system and estimating the break-even point, you’ll see how quickly you can start reaping the financial benefits of going solar.
Georgetown Delaware Weather Trends
Georgetown Precipitation
With 98.08 inches of precipitation in the last year, Georgetown is in the 99th percentile nationwide and the 100th percentile in Delaware. Compared to the national average of 50.61 inches and Delaware’s average of 62.92 inches, Georgetown’s high precipitation levels make it an ideal location for harnessing solar energy.
Georgetown’s UV Rating
Georgetown’s average UV rating of 6.54 in the last year positions it in the 99th percentile in the nation and the 98th percentile in Delaware. With an average max UV rating of 6.92, Georgetown is also in high percentiles. These ratings highlight the strong potential for solar energy production in Georgetown compared to the national and state averages, which are 4.29 and 4.34 respectively for average UV rating, and 4.61 and 4.63 for average max UV rating.
Georgetown’s Cloud Cover
Georgetown’s average of 61% cloud cover in the last year places it in the 97th percentile in the nation and the 100th percentile in Delaware. With most days falling into the category of 50-75% cloud cover, there’s ample sunlight available for solar energy production. In comparison, the national average for cloud cover is 44.46% and Delaware’s average is 44.66%, making Georgetown an optimal location for solar panel installation.
Georgetown Delaware Electricity Costs
Georgetown residents pay $0.12/kw for electricity, which is relatively lower than the national average of $0.13/kw. While it may seem like a small difference, over time, this lower electricity cost can lead to significant savings for homeowners who switch to solar energy. Compared to the rest of Delaware, Georgetown’s electricity costs are also quite competitive, making it financially advantageous to invest in solar panels for long-term savings.
When could you expect to break even on a solar installation in Georgetown Delaware?
Considering the weather and electricity costs in Georgetown Delaware, 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 Delaware receives more rain than the national average, but still has sufficient sunlight for solar panels to work effectively.
- The UV ratings in Georgetown Delaware are higher than the national average, making it a good location for generating solar power.
- The cloud cover in Georgetown Delaware is higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Georgetown Delaware 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 to be purchased from the grid.
- Even with slightly lower electricity costs in Georgetown Delaware, the savings are still significant.
After analyzing the numbers, it appears that it would take around 6 years to cover the initial cost of the solar panels in Georgetown Delaware. This means that after 6 years, the savings on electricity bills will start to accumulate and offset the investment. Furthermore, considering the longevity of solar panels, these savings can be enjoyed for many years thereafter. It’s a wise investment that not only saves money but also contributes to a greener environment!
Investing in solar power in Georgetown Delaware
Installing solar panels in Georgetown, Delaware can be a smart investment for residents looking to save money on electricity bills. By analyzing the weather trends and electricity costs specific to Georgetown, we have shown that there is a strong potential for savings over time. With lower electricity costs than the national average and a break-even point estimated to be around 6 years, homeowners in Georgetown can start reaping the financial benefits of going solar relatively quickly. The data suggests that investing in solar panels not only saves money but also contributes to a greener environment, making it a wise choice for those looking to reduce their carbon footprint and lower their utility expenses.