Overview
In Lexington, Nebraska, investing in solar panels for your home can lead to significant financial benefits. By analyzing weather data and electricity costs over a year, we can demonstrate how solar energy can save you money in the long run. With the average amount of precipitation, UV rating, cloud cover, and electricity rates in mind, we will break down the cost of a solar system and estimate the time it will take for you to start seeing a return on your investment.
Lexington Nebraska Weather Trends
Lexington Precipitation
With Lexington Nebraska receiving 41.54 inches of precipitation in the last year, it falls below the national average of 50.61 inches. However, compared to the rest of Nebraska, Lexington is above the state average of 36.89 inches. By harnessing solar energy, Lexington residents can take advantage of their moderate precipitation levels to generate clean, renewable power for their homes.
Lexington’s UV Rating
Lexington Nebraska’s average UV rating of 4.28 places it slightly below the national average of 4.29. When compared to the rest of Nebraska, Lexington is also below the state average of 4.35. Despite this, the sufficient UV levels in Lexington make it an ideal location for installing solar panels to produce electricity efficiently and sustainably.
Lexington’s Cloud Cover
With an average cloud cover of 36%, Lexington Nebraska is below both the national average of 44.46% and the state average of 38.62%. Additionally, Lexington experienced a significant number of days with clear skies, making it an excellent location for solar panel installation. By taking advantage of these conditions, residents can maximize their solar energy production throughout the year.
Lexington Nebraska Electricity Costs
At $0.11/kw for electricity, Lexington residents pay less than the national average of $0.13/kw. Although slightly higher than the state average of $0.1/kw, investing in solar panels can still lead to long-term savings on electricity costs. By generating their electricity through solar power, Lexington homeowners can reduce their reliance on traditional energy sources and lower their monthly utility bills.
When could you expect to break even on a solar installation in Lexington Nebraska?
Considering the weather and electricity costs in Lexington Nebraska, 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 Nebraska receives slightly less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Lexington Nebraska are close to the national average, indicating good conditions for generating solar power.
- Cloud cover in Lexington Nebraska is lower than the national average, with a mix of coverage throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lexington Nebraska 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, reducing the amount needed from the grid.
- With lower electricity rates in Lexington Nebraska, the savings are still significant.
After analyzing the data, it appears that it would take around 6 years to cover the initial cost of the solar panels in Lexington Nebraska. This means that after 6 years, the money saved on electricity bills will start to accumulate and pay off the investment. Furthermore, considering the long lifespan of solar panels, the savings will continue for many years beyond the initial investment. Investing in solar energy not only saves money but also contributes to a cleaner and more sustainable environment.
Investing in solar power in Lexington Nebraska
Investing in solar panels in Lexington, Nebraska can prove to be a smart financial decision. With moderate precipitation, favorable UV ratings, and low cloud cover in the area, residents can generate clean, renewable power efficiently. When considering the lower-than-average electricity costs in Lexington, installing solar panels can lead to significant long-term savings. By breaking down the costs, it is estimated that it would take around 6 years to recoup the initial investment, after which savings on electricity bills will start to accumulate. Not only does investing in solar energy save money, but it also contributes to a cleaner and more sustainable environment for future generations.