Overview
Living in Inverness, Florida, you have the perfect opportunity to save money on your electricity bills by installing solar panels on your home. With the abundance of sunshine and minimal cloud cover throughout the year, a solar system will efficiently generate electricity to power your home. By analyzing the cost of electricity in Inverness and the price of a solar system, we estimate that you could break even on your investment in as little as 5-7 years, leaving you with years of savings ahead. Let us show you how going solar can benefit your wallet and the environment.
Inverness Florida Weather Trends
Inverness Precipitation
With Inverness receiving 55.47 inches of precipitation in the last year, it falls within the 60th percentile nationally and the 22nd percentile in Florida. Compared to the national average of 50.61 inches and Florida’s average of 65.98 inches, Inverness sees a moderate amount of rainfall.
Inverness’s UV Rating
Inverness boasts an average UV rating of 6.02, placing it in the 96th percentile in the nation and the 48th percentile in Florida. This high UV rating means ample sunshine for solar panels to harness energy efficiently. With an average max UV rating of 6.33, Inverness’s solar potential is even greater compared to national and state averages.
Inverness’s Cloud Cover
At an average of 42% cloud cover, Inverness is in the 37th percentile nationally and the 32nd percentile in Florida. With a lower cloud cover compared to the national average of 44.46% and Florida’s average of 43.5%, Inverness offers more clear skies for solar panels to generate electricity consistently throughout the year.
Inverness Florida Electricity Costs
Residents in Inverness pay approximately $0.12/kw for electricity, placing them in the 61st percentile nationwide and the 60th percentile in Florida. With the national average sitting at $0.13/kw and Florida’s average matching Inverness at $0.12/kw, the cost of electricity in Inverness is competitive, making the switch to solar panels even more financially viable.
When could you expect to break even on a solar installation in Inverness Florida?
Considering the weather and electricity costs in Inverness, Florida, 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:
- Inverness gets slightly more rain than the national average, but it still has plenty of sunshine for solar panels to be effective.
- The UV ratings in Inverness are above the national average, making it a good location for generating solar power.
- Cloud cover in Inverness is slightly lower than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Inverness pay slightly less for electricity compared to the national average, which is good news for 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 purchased from the grid.
- With Inverness’s reasonable electricity rates, the savings are significant.
After analyzing the numbers, it seems that it would take approximately 7 to 8 years to cover the initial cost of the solar panels. This means that after 7 to 8 years, the money saved on electricity bills will begin to accumulate and offset the investment. Additionally, since solar panels have a long lifespan, you will continue to benefit from these savings for many years to come. Investing in solar power is a smart financial decision that also contributes to environmental sustainability.
Investing in solar power in Inverness Florida
With ample sunshine, moderate rainfall, and competitive electricity costs, installing solar panels in Inverness, Florida, is a wise financial decision. By breaking even on your investment in as little as 5-7 years and enjoying years of savings ahead, going solar not only benefits your wallet but also the environment. Take advantage of the sunny weather and lower cloud cover in Inverness to harness solar power and secure a more sustainable future for both your finances and the planet.