Overview
In Lakeville, New York, installing solar panels on your home can save you a significant amount of money on your electricity bills each year. By analyzing weather data and electricity costs, we have calculated the average break-even time for a solar system in this area. With the financial benefits in mind, let us dive into the details of why going solar in Lakeville is a smart decision for your wallet.
Lakeville New York Weather Trends
Lakeville Precipitation
With an average of 46.07 inches of precipitation in the last year, Lakeville New York falls below the national average of 50.61 inches. Compared to the rest of New York, Lakeville is even drier, ranking in the 7th percentile with New York’s average being 63.5 inches. This means that Lakeville receives less rainfall than most areas in the country and the state, making it an ideal location for solar panels.
Lakeville’s UV Rating
Having an average UV rating of 3.45 in the last year, Lakeville New York is in the 17th percentile nationally and the 60th percentile in New York. Although Lakeville may not receive as much sunlight as other areas, the UV rating is still sufficient for solar energy production. With an average max UV rating of 3.72, Lakeville is positioned in the 23rd percentile nationally and the 46th percentile in New York, indicating moderate sunlight levels for solar panels to generate electricity effectively.
Lakeville’s Cloud Cover
At an average of 56% cloud cover in the last year, Lakeville New York experiences higher cloud cover compared to the national average of 44.46%. However, this percentage falls in the 44th percentile among other areas in New York, indicating that Lakeville still has a significant amount of sunlight throughout the year. With a variety of cloud cover levels throughout the year, homeowners can benefit from solar energy despite occasional cloudiness.
Lakeville New York Electricity Costs
Residents of Lakeville pay approximately $0.13/kw for electricity, which is on par with the national average. Compared to the rest of New York, Lakeville falls in the 53rd percentile, with New York’s average being slightly higher at $0.15/kw. By installing solar panels, homeowners in Lakeville can significantly reduce their electricity bills and take advantage of the lower cost of solar energy production in the area.
When could you expect to break even on a solar installation in Lakeville New York?
Considering the weather and electricity costs in Lakeville New York, 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 New York received slightly less precipitation compared to the national average. Solar panels can still be effective in this weather condition.
- The UV ratings in Lakeville New York are lower than the national average, but they are still decent for generating solar power.
- Cloud cover in Lakeville New York is higher than the national average, with some days having almost full cloud cover.
Now, let’s consider the electricity costs:
- Residents in Lakeville New York pay the national average price 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.
- Since Lakeville New York has average electricity costs, the savings will be based on this rate.
After analyzing the numbers, it appears that it would take around 6 years to cover the initial cost of the solar panels. This means that after 6 years, your savings on electricity bills will offset the investment. Additionally, solar panels have a long lifespan, so you will continue to benefit from these savings for many more years. Investing in solar energy is a wise decision to save money and contribute to environmental sustainability.
Investing in solar power in Lakeville New York
Installing solar panels in Lakeville, New York is a financially savvy decision for homeowners. With lower than average precipitation, decent UV ratings, and moderate cloud cover, the area provides an ideal environment for solar energy production. Additionally, residents pay electricity costs on par with the national average, allowing for significant savings when switching to solar power. By analyzing the costs and benefits, it is clear that investing in solar panels can result in a break-even point of around 6 years, leading to long-term savings and a sustainable energy solution for the future.