Overview
Decide On Solar is here to show Goldsboro, North Carolina residents the financial benefits of installing solar panels on their home. By analyzing weather data and electricity costs specific to the area, we will break down the cost of a solar system and estimate how long it will take for you to break even. With the potential for significant savings on your electricity bill, investing in solar power could be a smart financial decision for Goldsboro residents.
Goldsboro North Carolina Weather Trends
Goldsboro Precipitation
With Goldsboro receiving 68.56 inches of precipitation in the last year, it is clear that the city sees a substantial amount of rain. Compared to the rest of the nation, Goldsboro falls in the 86th percentile for total precipitation, and in North Carolina, it is in the 70th percentile. The national average for total precipitation is 50.61 inches, while North Carolina’s average is 65.54 inches. This means that Goldsboro residents have the advantage of ample rainfall, making solar energy a viable option for their homes.
Goldsboro’s UV Rating
Goldboro’s average UV rating of 4.92 in the last year puts it in the 76th percentile nationwide and the 75th percentile in North Carolina. With an average max UV rating of 5.32, Goldsboro is still in the top half of UV ratings in both the nation and the state. Compared to the national average of 4.29 for average UV rating and 4.61 for average max UV rating, Goldsboro enjoys a higher level of solar exposure. The consistently high UV ratings indicate that residents can harness solar energy effectively throughout the year.
Goldsboro’s Cloud Cover
Having an average cloud cover of 40% in the last year, Goldsboro falls in the 28th percentile nationwide and the 16th percentile in North Carolina. Compared to the national average of 44.46% and North Carolina’s average of 42.57%, Goldsboro experiences relatively clear skies. With a significant number of days having low cloud cover, residents have ample opportunities to utilize solar panels efficiently. The lower cloud cover percentage enhances the solar energy potential for Goldsboro homeowners.
Goldsboro North Carolina Electricity Costs
Residential electricity in Goldsboro costs about $0.12/kw, placing it in the 44th percentile nationally and the 22nd percentile in North Carolina. With the national average at $0.13/kw and North Carolina’s average at $0.12/kw, Goldsboro residents benefit from lower electricity costs. By investing in solar panels, homeowners can further reduce their electricity expenses and take advantage of the city’s favorable electricity rates. Switching to solar power can lead to substantial long-term savings for Goldsboro residents.
When could you expect to break even on a solar installation in Goldsboro North Carolina?
Considering the weather and electricity costs in Goldsboro, North Carolina, 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:
- Goldsboro gets more precipitation than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings are higher than the national average, which is great for generating solar power.
- Cloud cover in Goldsboro is slightly below the national average, providing ample opportunity for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Goldsboro pay slightly less for electricity compared to the national average, at $0.12/kw.
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, which means less reliance on the grid and savings on electricity bills.
- With Goldsboro’s lower electricity rates, the savings may take a bit longer to recoup the initial cost, but the long-term benefits are worth it.
After crunching the numbers, it looks like it would take around 8-10 years to cover the initial cost of the solar panels. That means, after 8-10 years, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in Goldsboro North Carolina
By analyzing the weather data and electricity costs specific to Goldsboro, North Carolina, it is clear that investing in solar panels can lead to significant long-term savings for residents. With above-average UV ratings, ample sunlight, and lower electricity costs, the city is an ideal location for harnessing solar energy. Based on the calculations, it could take approximately 8-10 years to break even on the initial cost of a solar system. This means that after this period, homeowners can enjoy savings on their electricity bills for many years to come. Switching to solar power in Goldsboro is not only a wise financial decision but also a sustainable choice for the environment.