Overview
If you live in Harwood, Maryland, you may be wondering if installing solar panels on your home is worth the investment. By analyzing weather data and electricity costs specific to Harwood, we can show you the financial benefits of going solar. With the amount of sunlight the area receives, you can expect significant savings on your electricity bill over time. Let’s break down the costs of a solar system and estimate how long it will take for you to break even on your investment.
Harwood Maryland Weather Trends
Harwood Precipitation
With Harwood, Maryland receiving 58.95 inches of precipitation in the last year, it is important to note that this puts Harwood above the national average of 50.61 inches. While Harwood falls slightly below Maryland’s average total precipitation of 56.5 inches, the area still experiences a significant amount of rain compared to other regions in the country. By harnessing this natural resource, you can take advantage of the energy generated by the sun even on rainy days.
Harwood’s UV Rating
Harwood Maryland’s average UV rating of 4.29 indicates a moderate level of sunlight exposure throughout the year. Although Harwood’s average UV rating is similar to the national average, the area falls slightly above Maryland’s average. With an average maximum UV rating of 4.58, Harwood residents can expect a good amount of sunlight for solar energy production. By utilizing solar panels, you can capitalize on this resource to lower your electricity bills and reduce your carbon footprint.
Harwood’s Cloud Cover
With an average of 42% cloud cover in the last year, Harwood Maryland experiences relatively clear skies compared to the national average of 44.46%. Additionally, Harwood boasts fewer cloudy days than the Maryland average of 43.89%. Over the course of the year, Harwood had a significant number of days with minimal cloud cover, providing ample opportunities for solar energy production. By harnessing the sun’s energy during these clear days, you can increase your energy savings and contribute to a cleaner environment.
Harwood Maryland Electricity Costs
Residents in Harwood, Maryland pay about $0.12 per kilowatt-hour for electricity, which is slightly below both the national average of $0.13/kw and Maryland’s average cost. By investing in solar panels on your home, you can significantly reduce or even eliminate your reliance on traditional electricity sources, leading to long-term cost savings. With the abundance of sunlight and relatively low electricity costs in Harwood, going solar is a smart financial decision that benefits both your wallet and the planet.
When could you expect to break even on a solar installation in Harwood Maryland?
Considering the weather and electricity costs in Harwood Maryland, 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:
- Harwood Maryland gets slightly more rain than the national average, but it still has enough sunlight for solar panels to work effectively.
- The UV ratings in Harwood Maryland are similar to the national average, making it a good location for generating solar power.
- Cloud cover in Harwood Maryland is slightly lower than the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Harwood Maryland 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 purchased from the grid.
- With Harwood Maryland’s lower electricity rates, the savings may take longer to accumulate compared to other locations.
After crunching the numbers, it looks like it could take around 8-10 years to cover the initial cost of the solar panels. This means that after 8-10 years, the money saved on electricity bills will start to make up for the investment. Considering that solar panels last for a long time, you will continue to enjoy these savings for many years to come. Investing in solar power is not only a smart financial decision but also a step towards a more sustainable future!
Investing in solar power in Harwood Maryland
After analyzing the weather trends and electricity costs in Harwood, Maryland, it is evident that investing in solar panels is a smart financial decision. With abundant sunlight, relatively low electricity costs, and the potential for significant savings on electricity bills, going solar can benefit both your pocket and the environment. By breaking down the costs and estimating the time it would take to break even on your investment, it appears that in around 8-10 years, you could start to see returns. This long-term benefit, coupled with the positive impact on the planet, makes installing solar panels in Harwood, Maryland a worthwhile choice.