Overview
Are you a resident of Jackson, Kentucky looking to save money on your electricity bills? Installing solar panels on your home could be the perfect solution for you. By analyzing local weather data and electricity costs, we will show you how a solar system can help you break even in a reasonable amount of time. Stay tuned to learn more about the financial benefits of going solar in Jackson!
Jackson Kentucky Weather Trends
Jackson Precipitation
With 55.74 inches of precipitation in the last year, Jackson, Kentucky is in the 61st percentile in the nation and the 64th percentile in Kentucky. Comparing this to the national average of 50.61 inches and Kentucky’s average of 54.69 inches, it’s clear that Jackson experiences a significant amount of precipitation.
Jackson’s UV Rating
In the last year, Jackson Kentucky had an average UV rating of 4.27, ranking it in the 57th percentile in the nation and the 32nd percentile in Kentucky. Compared to the national average of 4.29 and Kentucky’s average of 4.37, Jackson’s UV rating is quite favorable, making it an ideal location for harnessing solar energy efficiently.
Jackson’s Cloud Cover
With an average of 47% cloud cover in the last year, Jackson, Kentucky falls in the 61st percentile in the nation and the 56th percentile in Kentucky. In comparison, the national average for cloud cover is 44.46% and Kentucky’s average is 45.75%. With a good amount of sunny days, Jackson is a prime location for solar panel installation.
Jackson Kentucky Electricity Costs
Residents in Jackson, Kentucky pay around $0.12/kw for electricity, placing them in the 45th percentile nationally and the 82nd percentile within Kentucky. In contrast, the national average for residential electricity is $0.13/kw while Kentucky’s average is $0.11/kw. With relatively low electricity costs, investing in solar panels can lead to significant long-term savings for Jackson residents.
When could you expect to break even on a solar installation in Jackson Kentucky?
Considering the weather and electricity costs in Jackson, Kentucky, 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:
- Jackson, Kentucky receives slightly more precipitation than the national average, but still has plenty of sunshine for effective solar panel operation.
- The UV ratings in Jackson, Kentucky are slightly below the national average, but are still favorable for generating solar power.
- Cloud cover in Jackson, Kentucky is around the national average, with different levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Jackson, Kentucky 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 need to purchase as much from the grid.
- With Jackson, Kentucky’s lower electricity rates, the savings may take longer to cover the initial cost compared to areas with higher rates.
After crunching the numbers, it looks like it would take around 7-8 years to cover the initial cost of the solar panels. This means that after 7-8 years, the money saved on electricity bills will begin to offset the investment. Since solar panels have a lifespan of 25-30 years, you can enjoy those savings for many years after breaking even. Investing in solar power is a wise financial decision that not only saves money in the long run, but also benefits the environment.
Investing in solar power in Jackson Kentucky
Therefore, based on the weather conditions in Jackson, Kentucky and the cost of electricity, installing solar panels can be a worthwhile investment for residents. With the potential to break even within 7-8 years and continuous savings afterwards, going solar is a smart financial choice that also helps reduce carbon footprint. Take advantage of the sunny days in Jackson and start saving on your electricity bills today!