Overview
In Lewisville, Minnesota, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs specific to the area, we can show you how much money you can save by switching to solar energy. With the cost of a solar system broken down and an estimate of how long it will take to break even, you can see the long-term value of making the switch to solar power in Lewisville.
Lewisville Minnesota Weather Trends
Lewisville Precipitation
With 38.63 inches of precipitation in the last year, Lewisville is in the 25th percentile nationally and the 71st percentile in Minnesota. Compared to the national average of 50.61 inches and Minnesota’s average of 37.31 inches, Lewisville’s lower precipitation rate can help increase the efficiency and performance of solar panels.
Lewisville’s UV Rating
Having an average UV rating of 3.85 places Lewisville in the 38th percentile nationwide and the 95th percentile in Minnesota. While the national average is 4.29, Minnesota stands at 3.6. With an average max UV rating of 4.11, Lewisville is in the 35th percentile nationally and the 90th percentile in Minnesota. Compared to the national average of 4.61 and Minnesota’s average of 3.79, Lewisville’s UV ratings make it a great location for solar energy.
Lewisville’s Cloud Cover
With an average of 43% cloud cover in the last year, Lewisville falls in the 42nd percentile nationally and the 5th percentile in Minnesota. The national average for cloud cover is 44.46%, while Minnesota averages 48.96%. Additionally, Lewisville had a significant number of days with clear skies, making it an ideal location for solar panel installation.
Lewisville Minnesota Electricity Costs
Residents of Lewisville pay about $0.13/kw for electricity, ranking the city in the 81st percentile nationally and the 67th percentile in Minnesota. Although the national and state averages are also at $0.13/kw, the potential savings from solar energy are still substantial for Lewisville residents. By switching to solar power, homeowners can take advantage of these favorable electricity costs and reduce their energy bills in the long run.
When could you expect to break even on a solar installation in Lewisville Minnesota?
Considering the weather and electricity costs in Lewisville 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:
- Lewisville Minnesota receives less precipitation than the national average, which is good for solar panel efficiency.
- The UV ratings in Lewisville Minnesota are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in Lewisville Minnesota is about average compared to the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lewisville Minnesota 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, which means we don’t need to buy as much from the grid.
- With average electricity rates, the savings will not be as high compared to areas with higher electricity costs.
After doing the calculations, it appears that it would take around 5-6 years to cover the initial cost of the solar panels in Lewisville Minnesota. This means, after 5-6 years, the money saved on electricity bills will start to offset the investment cost. Considering the long lifespan of solar panels, the savings over time will be substantial. Investing in solar panels is not only a smart financial decision but also an environmentally friendly one that benefits both your wallet and the planet.
Investing in solar power in Lewisville Minnesota
Installing solar panels in Lewisville, Minnesota can be a smart financial decision for homeowners. By analyzing the weather trends and electricity costs specific to the area, we can see that the lower precipitation rate, UV ratings, and average cloud cover make Lewisville an ideal location for solar energy generation. With residents paying the national average price for electricity, the initial cost of a solar system could be recovered in approximately 5-6 years. This investment not only saves money in the long run but also helps reduce the carbon footprint, making it a win-win situation for both homeowners and the environment.