Overview
Are you a Lakeville Massachusetts resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been searching for! In this article, we will break down the financial benefits of investing in a solar system based on weather data and electricity costs specific to Lakeville. By analyzing the average inches of precipitation, UV ratings, cloud cover percentages, and basic electricity costs over a year, we will estimate how long it will take for you to break even on your investment in solar panels. Read on to discover how going solar can help you save money in the long run!
Lakeville Massachusetts Weather Trends
Lakeville Precipitation
With Lakeville Massachusetts receiving 67.9 inches of precipitation in the last year, it is clear that the region has a higher-than-average amount of rainfall compared to the national average of 50.61 inches. While Lakeville falls slightly below the Massachusetts state average for total precipitation, the abundance of rain presents an opportunity for residents to capitalize on solar energy production throughout the year.
Lakeville’s UV Rating
Despite ranking in the lower percentiles nationally for average UV rating, Lakeville Massachusetts actually boasts a higher-than-average UV exposure compared to the rest of the state. With an average UV rating of 3.77 and a max UV rating of 4.04 in the last year, residents can harness this abundant sunshine to generate their own clean energy through solar panels. By taking advantage of the UV rays, Lakeville residents can significantly reduce their electricity bills while promoting sustainability.
Lakeville’s Cloud Cover
Even though Lakeville Massachusetts experiences an average of 50% cloud cover, which is in line with the state average, the distribution of cloud cover throughout the year allows for ample sunlight to reach solar panels. With a mix of clear and cloudy days, residents can still generate a substantial amount of solar energy to offset their electricity consumption. By tapping into this resource, Lakeville homeowners can contribute to a greener environment while enjoying long-term cost savings on their energy bills.
Lakeville Massachusetts Electricity Costs
At $0.19/kw for electricity, Lakeville Massachusetts residents pay more than the national average but less than the state average for residential electricity. By investing in solar panels, homeowners can lock in low, predictable energy costs for years to come, protecting themselves from future electricity rate increases. With significant savings potential and a favorable climate for solar energy production, going solar in Lakeville is a smart financial decision that benefits both the wallet and the planet.
When could you expect to break even on a solar installation in Lakeville Massachusetts?
Considering the weather and electricity costs in Lakeville, Massachusetts, 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:
- Lakeville gets more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings in Lakeville are slightly lower than the national average, but they’re still good for generating solar power.
- Cloud cover in Lakeville is about average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lakeville pay more 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, which means we don’t need to buy as much from the grid.
- With Lakeville’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 7 years to cover the initial cost of the solar panels. That means, after 7 years, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in Lakeville Massachusetts
By analyzing the weather trends specific to Lakeville Massachusetts and the local electricity costs, it is clear that investing in solar panels can be a financially beneficial decision for homeowners in the area. With higher-than-average rainfall, favorable UV ratings, and manageable cloud cover, residents can expect efficient solar energy production throughout the year. Additionally, despite paying more for electricity compared to the national average, installing solar panels can lead to significant cost savings in the long run. Considering the payback period of approximately 7 years for a standard solar system, going solar in Lakeville is not only a smart financial choice but also a sustainable one that benefits both individuals and the environment.