Overview
Are you a Lexington Michigan resident looking to save money on your electricity bills? Installing solar panels on your home could be a smart financial decision. By analyzing weather data and electricity costs specific to Lexington, we can show you how much you could potentially save by switching to solar power. With a breakdown of solar system costs and estimated breakeven timelines, you can see firsthand how investing in solar panels can benefit your wallet in the long run.
Lexington Michigan Weather Trends
Lexington Precipitation
With Lexington Michigan receiving 46.41 inches of precipitation in the last year, the city falls below the national average of 50.61 inches. In comparison to the rest of Michigan, Lexington is slightly above the state’s average of 44.01 inches. Despite being in the 41st percentile in the nation, and the 78th percentile in Michigan, the relatively high precipitation levels in Lexington make it a suitable location for harnessing solar energy.
Lexington’s UV Rating
Lexington Michigan’s average UV rating of 3.24 in the last year falls below the national average of 4.29. However, compared to the rest of Michigan, it is closer to the state’s average of 3.43. With an average max UV rating of 3.4, Lexington remains below the national and state averages. Nonetheless, the consistent sunlight in Lexington can still make solar energy a viable option for residents.
Lexington’s Cloud Cover
With an average of 53% cloud cover, Lexington Michigan is slightly cloudier than the national average of 44.46%. However, it is comparable to the state average of 52.98%. Despite the variation in cloud cover throughout the year, Lexington still experiences a significant number of days with optimal sunlight for solar energy generation.
Lexington Michigan Electricity Costs
Residents in Lexington Michigan pay about $0.17/kw for electricity, which is higher than the national average of $0.13/kw. Comparatively, it is only slightly higher than the state average of $0.16/kw. Despite the higher electricity costs in Lexington, investing in solar panels can significantly reduce monthly bills and provide long-term financial benefits for homeowners.
When could you expect to break even on a solar installation in Lexington Michigan?
Considering the weather and electricity costs in Lexington Michigan, 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:
- Lexington Michigan receives slightly less precipitation than the national average, making it a good location for solar power generation.
- The UV ratings in Lexington Michigan are slightly lower than the national average, but still suitable for solar panels to work effectively.
- Cloud cover in Lexington Michigan is slightly higher than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lexington Michigan pay a bit 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:
- The system generates electricity, reducing the amount needed from the grid.
- With Lexington Michigan’s higher electricity rates, the savings are even more significant.
After running the numbers, it looks like it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the savings on electricity bills will start accumulating and pay off the investment. Remember, solar panels have a long lifespan, so after the initial period, you’ll continue to enjoy those savings for many years. It’s a wise way to save money and contribute to a greener environment!
Investing in solar power in Lexington Michigan
Switching to solar power in Lexington Michigan can be a beneficial financial move for residents looking to save on electricity costs. With favorable weather conditions for solar energy generation and slightly higher electricity rates compared to the national average, investing in solar panels could lead to significant savings in the long run. By breaking down the costs and estimated breakeven timelines, it is clear that installing solar panels is not only an environmentally friendly choice but also a smart financial decision for Lexington residents. Take advantage of the sunny days in Lexington and start saving money on your electricity bills today!