Overview
In Greenback, Tennessee, installing solar panels on your home can lead to significant long-term savings on your electricity bills. By analyzing weather data and electricity costs, we can see that the sunny climate in Greenback makes it an ideal location for solar power. By breaking down the cost of a solar system and estimating the time it will take to break even, it becomes clear that investing in solar energy is a smart financial decision for residents in Greenback.
Greenback Tennessee Weather Trends
Greenback Precipitation
In the last year, Greenback, Tennessee received 59.81 inches of precipitation, putting it in the 70th percentile in the nation and the 65th percentile in Tennessee. Comparatively, the national average for total precipitation is 50.61 inches, while Tennessee’s average is 58.16 inches. With higher than average rainfall, Greenback residents can capitalize on this abundance of water to generate clean and efficient solar power for their homes.
Greenback’s UV Rating
Over the last year, Greenback, Tennessee boasted an average UV rating of 4.65, placing it in the 69th percentile in the nation and the 50th percentile in Tennessee. The national average for UV rating stands at 4.29, while Tennessee’s average is 4.65. In addition, Greenback had an average max UV rating of 4.92, placing it in the 55th percentile in the nation and the 41st percentile in Tennessee. These high UV ratings make Greenback an ideal location for harnessing solar energy throughout the year.
Greenback’s Cloud Cover
With an average of 44% cloud cover in the last year, Greenback, Tennessee finds itself in the 50th percentile in the nation and the 55th percentile in Tennessee. The national average for cloud cover is 44.46%, while Tennessee’s average is slightly lower at 43.78%. Additionally, Greenback experienced a good mix of cloud cover days, with 107 days between 0% and 25% cloud cover, 114 days between 25% and 50% cloud cover, 79 days between 50% and 75% cloud cover, and 64 days between 75% and 100% cloud cover.
Greenback Tennessee Electricity Costs
Greenback, Tennessee residents pay around $0.1/kw for electricity, placing them in the 18th percentile in the nation and the 13th percentile in Tennessee. The national average for residential electricity is $0.13/kw, while Tennessee’s average is slightly lower at $0.11/kw. With lower than average electricity costs, investing in solar panels to generate your own power can lead to substantial long-term savings for Greenback residents.
When could you expect to break even on a solar installation in Greenback Tennessee?
Considering the weather and electricity costs in Greenback Tennessee, 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:
- Greenback Tennessee receives more precipitation than the national average, which can help keep solar panels clean for optimal efficiency.
- The UV ratings in Greenback Tennessee are higher than the national average, creating good conditions for generating solar power.
- The cloud cover in Greenback Tennessee is slightly below the national average, providing ample sunlight for solar panels to work effectively.
Now, let’s consider the electricity costs:
- Residents in Greenback Tennessee pay less for electricity compared to the national average, which can impact the savings from using solar power.
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 and saving money on electricity bills.
- With the lower electricity rates in Greenback Tennessee, the savings may take longer to cover the initial cost of the solar panels.
After analyzing the data, it appears it may take around 10 years to cover the initial cost of the solar panels in Greenback Tennessee. This means that after 10 years, the money saved on electricity bills will begin to offset the investment. With solar panels lasting for many years beyond that, the long-term savings and benefits of solar power in Greenback Tennessee are still considerable. It’s a wise investment for both your wallet and the environment.
Investing in solar power in Greenback Tennessee
After analyzing the weather trends and electricity costs in Greenback, Tennessee, it is evident that installing solar panels can lead to significant long-term savings for residents. With above-average precipitation, high UV ratings, and ample sunlight due to moderate cloud cover, Greenback is an ideal location for harnessing solar energy. Additionally, residents pay below-average electricity costs, which further enhances the financial benefits of switching to solar power. Based on the data, it is estimated that residents could break even on their investment in solar panels in approximately 10 years. This makes investing in solar energy a smart financial decision that not only saves money but also benefits the environment in Greenback, Tennessee.