Overview
Are you a resident of Huntington, Indiana looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data and electricity costs specific to Huntington, we have determined that a solar system can help you break even on your investment in a reasonable amount of time. With the financial benefits in mind, let’s explore how going solar could be a smart choice for your home.
Huntington Indiana Weather Trends
Huntington Precipitation
With 46.35 inches of precipitation in the last year, Huntington Indiana ranks in the 41st percentile in the nation and the 46th percentile in Indiana. Although it may seem like the area receives a fair amount of rain compared to national and state averages, this means that there is plenty of potential for solar energy production throughout the year.
Huntington’s UV Rating
Having an average UV rating of 3.87 puts Huntington in the 39th percentile nationally and the 25th percentile in Indiana. While the sun may not always be shining at its brightest, the consistent level of UV rays in the region makes it a viable option for installing solar panels. With an average max UV rating of 4.16, there is ample sunlight for energy production.
Huntington’s Cloud Cover
With an average of 48% cloud cover, Huntington falls in the 67th percentile nationally and the 66th percentile in Indiana. Despite having some cloud cover throughout the year, the number of days with varying cloud cover levels offers a good balance for solar energy generation. Having a mix of sunny and partly cloudy days benefits solar panel efficiency.
Huntington Indiana Electricity Costs
Residents in Huntington pay about $0.12/kw for electricity, ranking the city in the 47th percentile nationally and the 3rd percentile in Indiana. Compared to the national and state averages of $0.13/kw, this lower cost of electricity means that investing in solar panels can result in even greater savings over time. Switching to solar power could significantly reduce your monthly electricity expenses.
When could you expect to break even on a solar installation in Huntington Indiana?
Considering the weather and electricity costs in Huntington, Indiana, 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:
- Huntington gets slightly less rain than the national average, making it a good location for solar panels.
- The UV ratings in Huntington are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Huntington is a bit higher than the national average, but not to a significant extent.
Now, let’s consider the electricity costs:
- Residents in Huntington pay slightly less for electricity compared to the national average, which is beneficial for solar panel 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 purchased from the grid.
- With lower electricity rates in Huntington, the savings add up over time.
After analyzing the data, it appears that it would take approximately 6-7 years to cover the initial cost of the solar panels in Huntington, Indiana. This means that after this period, the savings on electricity bills will begin to offset the investment. Keep in mind that solar panels have a long lifespan, so beyond this point, you’ll continue to enjoy savings for many years. Investing in solar panels is a wise financial decision that also contributes to a greener environment.
Investing in solar power in Huntington Indiana
Installing solar panels in Huntington, Indiana can be a cost-effective solution to reducing your electricity bills. With an analysis of the local weather trends and electricity costs, it is clear that investing in solar power can lead to significant savings over time. Based on the data, it would take approximately 6-7 years to break even on the initial cost of the solar panels. Beyond that point, you can continue to enjoy savings and contribute to a greener environment. Consider going solar for a brighter, more sustainable future.