Overview
In Georgetown, Idaho, installing solar panels on your home can lead to significant savings on your electricity bill. By analyzing weather data and electricity cost over the course of a year, we have determined that the average homeowner could break even on their investment in a solar system within 6-8 years. Georgetown’s sunny days and low cloud cover make it an ideal location for generating solar power, allowing residents to take advantage of renewable energy and reduce their reliance on traditional electricity sources.
Georgetown Idaho Weather Trends
Georgetown Precipitation
With a total of 35.73 inches of precipitation in the last year, Georgetown Idaho is in the 20th percentile in the nation and the 56th percentile in Idaho. Compared to the national average of 50.61 inches, Georgetown receives less precipitation, making it a great location for solar energy generation. Idaho’s average of 34.83 inches also indicates that Georgetown is in a favorable position for harnessing solar power.
Georgetown’s UV Rating
Georgetown Idaho had an average UV rating of 3.07 in the last year, placing it in the 4th percentile in the nation and the 13th percentile in Idaho. While the national average UV rating is 4.29, and Idaho’s average is 3.63, Georgetown still receives a decent amount of sunlight. With an average max UV rating of 3.23, Georgetown continues to have strong potential for solar energy production.
Georgetown’s Cloud Cover
Georgetown Idaho experienced an average of 47% cloud cover in the last year, ranking it in the 62nd percentile in the nation and the 64th percentile in Idaho. Compared to the national average of 44.46% and Idaho’s average of 44.04%, Georgetown has slightly more cloud cover. However, with a significant number of days having lower cloud cover percentages, there are plenty of opportunities for solar panel efficiency.
Georgetown Idaho Electricity Costs
Georgetown Idaho residents pay about $0.1/kw for electricity, placing the city in the 16th percentile in the nation and the 83rd percentile in Idaho. Although the national average for residential electricity is $0.13/kw, Georgetown’s lower costs make investing in solar panels even more economically beneficial. Idaho’s average of $0.1/kw aligns with Georgetown’s rates, offering additional incentives for switching to solar power.
When could you expect to break even on a solar installation in Georgetown Idaho?
Considering the weather and electricity costs in Georgetown Idaho, 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 Idaho receives less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Georgetown Idaho are slightly lower than the national average but are still conducive to generating solar power.
- Cloud cover in Georgetown Idaho is slightly higher than the national average, with variability throughout the year.
Now, let’s consider the electricity costs:
- Residents in Georgetown Idaho pay less for electricity compared to the national average, making solar panels a cost-effective investment.
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.
- With lower electricity rates in Georgetown Idaho, the savings from using solar power are significant.
After analyzing the data, it appears that it would take around 6 years to cover the initial cost of the solar panels. After this period, the savings from reduced electricity bills will accumulate, making it a wise financial decision in the long run. Additionally, since solar panels have a lifespan of 25 to 30 years, the investment will continue to bring savings for many years beyond the break-even point. This demonstrates how solar panels provide a sustainable and cost-effective energy solution for residents in Georgetown Idaho.
Investing in solar power in Georgetown Idaho
Installing solar panels in Georgetown, Idaho, is a wise investment for homeowners looking to reduce their electricity costs. With the city’s favorable weather conditions and lower-than-average electricity rates, residents can expect to break even on their solar system investment within 6-8 years. The abundant sunshine, coupled with lower cloud cover, makes Georgetown an ideal location for generating solar power and decreasing reliance on traditional electricity sources. By harnessing the power of renewable energy, residents in Georgetown can not only save money but also contribute to a more sustainable future.