Overview
Are you a Hickory Mississippi resident looking to save money on your electricity bills? Installing solar panels on your home might be the answer! By analyzing weather data and electricity costs specific to Hickory, we have determined that a solar system can help you start saving money in no time. With the average cost of a solar system and estimated time to break even, this article will show you just how beneficial solar power can be for your wallet.
Hickory Mississippi Weather Trends
Hickory Precipitation
With 61.07 inches of precipitation in the last year, Hickory Mississippi is in the 72nd percentile in the nation and the 63rd percentile in Mississippi. Compared to the national average of 50.61 inches, Hickory sees higher rainfall. While Mississippi’s average precipitation is 60.13 inches, Hickory still receives more rain on average.
Hickory’s UV Rating
Having an average UV rating of 5.34 places Hickory in the 86th percentile in the nation and the 55th percentile in Mississippi. With a higher UV rating than the national average of 4.29, Hickory experiences more intense sunlight. Mississippi’s average UV rating stands at 5.31, showing that Hickory enjoys plentiful sunshine throughout the year. Additionally, the average max UV rating of 5.74 indicates strong sunlight exposure for potential solar energy generation.
Hickory’s Cloud Cover
Hickory Mississippi maintains an average cloud cover of 42%, placing it in the 39th percentile in the nation and the 72nd percentile in Mississippi. With lower cloud cover compared to the national average of 44.46%, Hickory experiences clearer skies for solar panel efficiency. While Mississippi’s average cloud cover is 41.29%, Hickory enjoys relatively sunny days with a good amount of sunshine for solar power generation.
Hickory Mississippi Electricity Costs
Residents of Hickory pay about $0.13/kw for electricity, positioning the city in the 66th percentile in the nation and the 92nd percentile in Mississippi. While the national average for residential electricity is also $0.13/kw, Mississippi’s average is lower at $0.11/kw. By installing solar panels, Hickory residents can take advantage of the abundant sunlight and relatively higher electricity costs to save money on their utility bills in the long run.
When could you expect to break even on a solar installation in Hickory Mississippi?
Considering the weather and electricity costs, 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:
- Hickory, Mississippi receives more precipitation than the national average, which can impact solar panel efficiency.
- The UV ratings in Hickory are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Hickory is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Hickory, Mississippi pay the national average for electricity.
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.
- With the average electricity costs in Hickory, Mississippi, the savings may take some time to cover the initial investment.
After analyzing the data, it is estimated that it would take approximately 10-12 years to cover the initial cost of the solar panels. Following this period, the savings on electricity bills will continue to accumulate for many more years. Investing in solar panels can be a smart financial decision in the long run, providing both cost savings and environmental benefits.
Investing in solar power in Hickory Mississippi
After analyzing the weather trends in Hickory, Mississippi, and considering the electricity costs, it is clear that investing in solar panels can be a wise decision for residents looking to save money on their utility bills. With higher UV ratings and lower cloud cover than the national averages, Hickory provides an ideal environment for generating solar power. By taking into account the average electricity costs in the area, it is estimated that residents could break even on their initial investment in solar panels within 10-12 years. Not only will installing solar panels lead to long-term cost savings, but it will also contribute to environmental sustainability. Making the switch to solar power in Hickory can benefit both your wallet and the planet.