Overview
In Lewisburg, Kentucky, installing solar panels on your home could save you a significant amount of money in the long run. By analyzing weather data and electricity costs specific to our area, we can show you how investing in solar can lead to substantial financial benefits over time. With the average cost of a solar system and the estimated break-even point, you’ll see how going solar is not only beneficial for the environment but also for your wallet.
Lewisburg Kentucky Weather Trends
Lewisburg Precipitation
In the last year, Lewisburg Kentucky received 48.57 inches of precipitation, which is slightly below both the national and Kentucky averages. Despite this, the amount of precipitation in Lewisburg is still decent for generating solar power.
Lewisburg’s UV Rating
With an average UV rating of 4.47, Lewisburg Kentucky has a higher UV rating compared to both the national and state averages. This means that the sunlight in Lewisburg is more intense, making it an ideal location for solar panel installation.
Lewisburg’s Cloud Cover
Despite an average cloud cover of 42%, Lewisburg Kentucky still receives plenty of sunlight throughout the year. With a significant number of days having low cloud cover, there are ample opportunities for solar panels to generate electricity efficiently.
Lewisburg Kentucky Electricity Costs
Lewisburg Kentucky residents pay about $0.11/kw for electricity, which is on par with the state average and slightly below the national average. By investing in solar panels, residents can potentially save on their electricity bills in the long run, making it a financially sound decision to make the switch to solar energy.
When could you expect to break even on a solar installation in Lewisburg Kentucky?
Considering the weather and electricity costs in Lewisburg, 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:
- Lewisburg gets slightly less rain than the national average, but it still has enough sunshine for solar panels to work effectively.
- The UV ratings in Lewisburg are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Lewisburg is slightly below the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lewisburg 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, which means we don’t need to buy as much from the grid.
- With Lewisburg’s lower electricity rates, the savings are still significant.
After crunching the numbers, it looks like it would take around 4-5 years to cover the initial cost of the solar panels. That means, after 4-5 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 Lewisburg Kentucky
Installing solar panels in Lewisburg, Kentucky can be a wise financial decision in the long run. By analyzing the local weather trends and electricity costs, it is clear that investing in solar energy can lead to substantial savings over time. With ideal UV ratings, decent precipitation levels, and below-average cloud cover, Lewisburg is a great location for solar panel installation. Additionally, with electricity costs in the area being on par with state and national averages, residents can expect to break even on their investment in solar panels within 4-5 years. Not only does going solar benefit the environment, but it also benefits your wallet by providing long-term savings on electricity bills. Making the switch to solar energy in Lewisburg, Kentucky is a smart and sustainable choice.