Overview
If you’re a Lisbon Falls Maine resident looking to save money on your electricity bills, installing solar panels on your home could be a smart choice. By analyzing weather data specific to Lisbon Falls, we found that the area receives a decent amount of sunlight throughout the year, making it a great location for solar energy production. In addition, with the rising cost of electricity, investing in a solar system can lead to significant savings over time. In this article, we will break down the cost of a solar system for your home and estimate how long it would take for you to break even based on the data collected.
Lisbon Falls Maine Weather Trends
Lisbon Falls Precipitation
With Lisbon Falls Maine receiving 71.55 inches of precipitation in the last year, this puts the area in the 91st percentile in the nation and the 30th percentile in Maine. Thankfully, this means there’s plenty of sunlight to take advantage of for solar energy production compared to other regions in the country and the state.
Lisbon Falls’s UV Rating
Over the last year, Lisbon Falls Maine had an average UV rating of 3.3, placing it in the 11th percentile nationally and the 77th percentile within Maine. This means that Lisbon Falls has good potential for solar energy production due to its decent UV ratings, compared to other areas in the country and the state.
Lisbon Falls’s Cloud Cover
Despite an average of 55% cloud cover in Lisbon Falls Maine, which is slightly above the national average, the area still ranks in the 43rd percentile within the state. With a good distribution across different cloud cover percentages throughout the year, there are still plenty of sunny days to harness solar energy efficiently.
Lisbon Falls Maine Electricity Costs
Residential electricity costs in Lisbon Falls Maine are around $0.16/kw, which is higher than the national average but on par with the state average. By investing in a solar system, residents can reduce their reliance on traditional electricity sources and save money in the long run, especially with the rising cost of electricity.
When could you expect to break even on a solar installation in Lisbon Falls Maine?
Considering the weather and electricity costs in Lisbon Falls Maine, 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:
- Lisbon Falls Maine gets more precipitation than the national average, but it still has enough sun for solar panels to work effectively.
- The UV ratings in Lisbon Falls Maine are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Lisbon Falls Maine is slightly higher than the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lisbon Falls Maine 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. Here’s how:
- The system generates electricity, reducing the amount needed from the grid and saving money.
- With Lisbon Falls Maine’s higher electricity rates, the savings from solar power are even more significant.
After calculating the numbers, it appears that it would take around 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will start to accumulate and pay off the investment. Considering that solar panels last for many years, you will be enjoying those savings for a long time after the initial investment is recovered. It’s a wise way to save money and contribute to a greener environment!
Investing in solar power in Lisbon Falls Maine
Considering the weather data specific to Lisbon Falls Maine, it is evident that the area is well-suited for solar energy production due to a good amount of sunlight throughout the year. In addition, with residential electricity costs on the higher side, investing in a solar system can lead to significant savings over time, with the initial cost of installation expected to be recouped in around 6 years. By harnessing solar power, residents not only save money but also contribute to a greener environment. Installing solar panels in Lisbon Falls Maine is a smart choice for those looking to reduce their electricity bills and make a positive impact on the planet.