Overview
Are you a Lewisville Ohio resident looking to save money on your electricity bills? Installing solar panels on your home could be the answer you’ve been looking for. By analyzing weather data and electricity costs specific to Lewisville, we’ll show you how solar power can help you break even on your investment sooner than you might think. With average annual savings of [X]% on electricity bills, a solar system pays for itself in just [Y] years, making it a smart financial decision for homeowners in Lewisville.
Lewisville Ohio Weather Trends
Lewisville Precipitation
With Lewisville Ohio receiving 59.93 inches of precipitation in the last year, you might be concerned about the impact of weather on your solar panel investment. However, rest assured that Lewisville is actually in the 70th percentile in the nation when it comes to precipitation levels. Compared to Ohio’s average of 51.17 inches, Lewisville’s rainfall is significantly higher. This means that your solar panels will have plenty of opportunities to generate clean energy throughout the year, helping you save on electricity bills.
Lewisville’s UV Rating
Even with an average UV rating of 3.82, Lewisville Ohio is in the 37th percentile nationally. While this may seem low, compared to Ohio’s average UV rating of 3.84, Lewisville is right on par. The key takeaway here is that solar panels can still be efficient in capturing sunlight and converting it into electricity. With an average max UV rating of 4.14, Lewisville is in a good position to benefit from solar energy and reduce your carbon footprint.
Lewisville’s Cloud Cover
Despite having an average of 52% cloud cover, Lewisville Ohio is in the 80th percentile nationally. Although Ohio’s average cloud cover is 51.13%, Lewisville’s slightly higher cloud cover does not significantly impact the effectiveness of solar panels. With varying levels of cloud cover throughout the year, your solar system can still generate considerable energy savings. By taking advantage of clear days and optimizing panel placement, you can maximize the benefits of solar power in Lewisville.
Lewisville Ohio Electricity Costs
At $0.13/kw, Lewisville Ohio residents pay slightly higher than the national average for electricity. However, this puts Lewisville in the 67th percentile in the country, making it a competitive rate. Compared to Ohio’s average of $0.12/kw, Lewisville’s electricity costs are in line with the state average. By installing solar panels, you can offset these costs and potentially even earn credits through net metering, allowing you to break even on your investment and enjoy long-term savings on your electricity bills.
When could you expect to break even on a solar installation in Lewisville Ohio?
Considering the weather and electricity costs in Lewisville Ohio, 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 Ohio receives more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Lewisville Ohio are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Lewisville Ohio is slightly higher than the national average, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lewisville Ohio 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 solar 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 solar system generates electricity, reducing the amount needed to be purchased from the grid.
- Due to the average electricity costs in Lewisville Ohio, the savings may take longer to cover the initial cost.
After analyzing the data, it appears that it may take around 12-15 years to cover the initial cost of the solar panels. This means that after that period, the savings on electricity bills will start to accumulate and pay off the investment. Remember, solar panels have a long lifespan, so you will continue to benefit from these savings for many years to come. Investing in solar panels is a wise decision to save money and contribute to environmental sustainability!
Investing in solar power in Lewisville Ohio
After analyzing the weather trends and electricity costs specific to Lewisville Ohio, it is evident that investing in solar panels can be a smart financial decision for homeowners in the area. Despite higher precipitation levels and slightly lower UV ratings, Lewisville receives enough sunlight throughout the year to generate clean energy and savings on electricity bills. With electricity costs in line with the national average, a typical solar system in Lewisville can pay for itself in approximately 12-15 years. By harnessing the power of solar energy, residents can not only save money on their electricity bills but also contribute to environmental sustainability in the long run.