Overview
If you live in Lanesboro, Minnesota, you may be wondering if installing solar panels on your home is worth it financially. In this article, we will break down the cost of a solar system, estimated savings on electricity bills, and provide data on weather conditions specific to Lanesboro to show you the financial benefits of going solar. With information on annual precipitation, average UV ratings, cloud cover percentages, and electricity costs, you will see how investing in solar energy can help you save money in the long run.
Lanesboro Minnesota Weather Trends
Lanesboro Precipitation
With Lanesboro, Minnesota receiving 33.87 inches of precipitation in the last year, it is in the 16th percentile in the nation and the 27th percentile in Minnesota. Compared to the national average of 50.61 inches and Minnesota’s average of 37.31 inches, Lanesboro experiences lower precipitation levels, making it an ideal location for solar panel installation. By harnessing the power of the sun, you can take advantage of the lower precipitation rates and maximize your solar energy production.
Lanesboro’s UV Rating
In the last year, Lanesboro, Minnesota had an average UV rating of 3.76, placing it in the 33rd percentile in the nation and the 82nd percentile in Minnesota. Compared to the national average of 4.29 and Minnesota’s average of 3.6, Lanesboro receives a decent amount of sunlight, making it suitable for solar energy generation. With an average max UV rating of 4.01, you can capitalize on the sun’s energy to power your home efficiently and sustainably.
Lanesboro’s Cloud Cover
Lanesboro, Minnesota had an average of 45% cloud cover in the last year, ranking it in the 54th percentile in the nation and the 25th percentile in Minnesota. While the national average for cloud cover is 44.46% and Minnesota’s average is 48.96%, Lanesboro offers a good balance of sunny and cloudy days for solar panel performance. With a variety of cloud cover percentages throughout the year, you can still benefit from solar power even on partially cloudy days.
Lanesboro Minnesota Electricity Costs
Residents in Lanesboro, Minnesota pay about $0.15/kw for electricity, placing them in the 93rd percentile in the nation and the 100th percentile in Minnesota. Compared to the national average of $0.13/kw and Minnesota’s average of $0.13/kw, Lanesboro’s electricity costs are slightly higher. By installing solar panels, you can offset these high electricity prices and reduce your monthly bills significantly, ultimately saving money in the long run.
When could you expect to break even on a solar installation in Lanesboro Minnesota?
Considering the weather and electricity costs in Lanesboro Minnesota, 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:
- Lanesboro Minnesota gets less precipitation compared to the national average, which is good for solar panels.
- The UV ratings in Lanesboro Minnesota are slightly lower than the national average, but still effective for generating solar power.
- Cloud cover in Lanesboro Minnesota is around average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lanesboro Minnesota pay slightly 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, reducing the need to buy as much from the grid.
- Considering Lanesboro Minnesota’s higher electricity rates, the savings from solar power would be greater.
After doing the calculations, it appears that it would take around 6 to 7 years to cover the initial cost of the solar panels. This means that after 6 to 7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels are durable and last for many years, the savings will continue for a long time after breaking even. Investing in solar panels not only saves money but also contributes to a more sustainable and eco-friendly lifestyle!
Investing in solar power in Lanesboro Minnesota
Investing in solar panels in Lanesboro, Minnesota can be a financially beneficial decision. With lower precipitation levels, decent sunlight exposure, and manageable cloud cover percentages, the weather conditions in Lanesboro are suitable for solar energy production. Additionally, despite slightly higher electricity costs in the area, the savings from using solar power can help you break even on your investment in around 6 to 7 years. Not only will you save money on electricity bills in the long run, but you will also be contributing to a more sustainable and eco-friendly lifestyle. Therefore, installing solar panels in Lanesboro is a wise choice both financially and environmentally.