Overview
This article will show you the financial benefits of installing solar panels on your home in Lexington, Mississippi. By analyzing weather data and electricity costs over 365 days, we will demonstrate how much money you can save by going solar. We will break down the cost of a solar system and estimate how long it will take for you to break even on your investment. With the sunny weather and high UV ratings in Lexington, solar panels can help you lower your electricity bills and make a positive impact on the environment.
Lexington Mississippi Weather Trends
Lexington Precipitation
With Lexington, Mississippi receiving 67.28 inches of precipitation in the last year, it ranks in the 84th percentile in the nation and the 85th percentile in Mississippi. Compared to the national average of 50.61 inches and Mississippi’s average of 60.13 inches, Lexington has the ideal conditions for harnessing solar energy.
Lexington’s UV Rating
With an average UV rating of 5.35, Lexington, Mississippi ranks in the 86th percentile in the nation for UV exposure, but only the 56th percentile in Mississippi. The national average of 4.29 and Mississippi’s average of 5.31 show that Lexington residents have ample sunlight to generate solar power efficiently.
Lexington’s Cloud Cover
Lexington, Mississippi experiences an average of 40% cloud cover, placing it in the 28th percentile nationally and the 32nd percentile in Mississippi. With varying cloud cover throughout the year, there are still plenty of sunny days for solar panels to capture sunlight and produce energy.
Lexington Mississippi Electricity Costs
Residents in Lexington pay about $0.12/kw for electricity, which falls in the 60th percentile in the nation and the 82nd percentile in Mississippi. Compared to the national average of $0.13/kw and Mississippi’s average of $0.11/kw, investing in solar panels can significantly lower your electricity bills in the long run.
When could you expect to break even on a solar installation in Lexington Mississippi?
Considering the weather and electricity costs in Lexington Mississippi, 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 Mississippi receives more precipitation than the national average, but it still has good conditions for solar panel efficiency.
- The UV ratings in Lexington Mississippi are higher than the national average, making it a great location for generating solar power.
- Cloud cover in Lexington Mississippi is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lexington Mississippi pay slightly less for electricity compared to the national average, at $0.12/kw.
With this information, let’s break down the costs:
- A standard solar system of 10kW costs $20,000 to install.
- This system is expected to last between 25 and 30 years, providing long-term savings.
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:
- By generating electricity from solar panels, you reduce the amount of electricity you need to buy from the grid.
- With lower electricity costs in Lexington Mississippi, the savings from using solar power become even more significant.
After running the numbers, it looks like it would take approximately 6 years to cover the initial cost of the solar panels in Lexington Mississippi. This means that after 6 years, the money saved on electricity bills will start to exceed the initial investment. Additionally, since solar panels last for a long time, you’ll continue to enjoy those savings for many years to come. Investing in solar power is a wise financial decision that also benefits the environment!
Investing in solar power in Lexington Mississippi
With the favorable weather conditions in Lexington, Mississippi and the relatively lower electricity costs, installing solar panels can be a beneficial long-term investment. By analyzing the data, we have calculated that it would take approximately 6 years to break even on the initial cost of a solar system. With the potential for continued savings over the system’s lifespan, going solar can help you save money on electricity bills and make a positive impact on the environment. Consider the financial benefits and environmental advantages of switching to solar power in Lexington, Mississippi!