Overview
If you live in Lexington, Tennessee, installing solar panels on your home can save you money in the long run. By analyzing weather data and electricity costs specific to the area, we can determine how much you can potentially save on your monthly energy bills. With the cost of solar systems decreasing and the financial incentives available, you could break even on your investment sooner than you may think.
Lexington Tennessee Weather Trends
Lexington Precipitation
With Lexington, Tennessee receiving 59.87 inches of precipitation in the last year, it is clear that the area experiences a moderate amount of rainfall. Compared to the rest of the country, Lexington falls in the 70th percentile, while in Tennessee, it is in the 65th percentile. Despite this, solar panels can still be a cost-effective option for residents in Lexington.
Lexington’s UV Rating
Lexington Tennessee had an average UV rating of 4.82 in the last year, placing it in the 74th percentile nationally and the 79th percentile in Tennessee. This means that there is substantial sunlight available for solar energy production in the area. With an average max UV rating of 5.22, Lexington is in a good position to generate solar power efficiently.
Lexington’s Cloud Cover
Lexington Tennessee had an average of 41% cloud cover in the last year, making it an ideal location for solar panel installation. With clear skies on a majority of days, residents can maximize the efficiency of their solar energy systems. Compared to the national and state averages, Lexington’s lower cloud cover percentage makes it a prime location for harnessing solar power.
Lexington Tennessee Electricity Costs
Residents in Lexington, Tennessee pay about $0.11/kw for electricity, which is below the national average of $0.13/kw. This means that by investing in solar panels, residents can not only save on their monthly energy bills but also contribute to a more sustainable environment. With the decreasing cost of solar systems and available financial incentives, installing solar panels in Lexington can lead to significant long-term savings.
When could you expect to break even on a solar installation in Lexington Tennessee?
Considering the weather and electricity costs in Lexington Tennessee, 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 Tennessee receives more precipitation than the national average, but it still has enough sunny days for solar panels to be effective.
- The UV ratings in Lexington Tennessee are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Lexington Tennessee is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lexington Tennessee 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 Lexington Tennessee’s relatively lower electricity rates, the savings may take a bit longer to add up.
After analyzing the data, it seems that it would take around 6-7 years to cover the initial cost of the solar panels in Lexington Tennessee. This means that after 6-7 years, the money saved on electricity bills will start to offset the investment. And since solar panels can last for 25-30 years, you’ll continue to save money over the long term. It’s a wise investment choice that not only saves you money but also benefits the environment.
Investing in solar power in Lexington Tennessee
Installing solar panels in Lexington, Tennessee can be a wise investment that offers long-term benefits. With favorable weather conditions and slightly lower electricity costs compared to the national average, residents can expect to break even on their investment in around 6-7 years. This means that the initial cost of the solar panels will be offset by the savings on electricity bills, ultimately leading to significant long-term savings. By harnessing solar power, not only can residents save money, but they can also contribute to a more sustainable environment for future generations.