Overview
Are you tired of spending a significant amount of money on your monthly electricity bills in Little Compton, Rhode Island? By installing solar panels on your home, you can take advantage of the abundant sunshine to generate your own clean and renewable energy, ultimately saving you money in the long run. In this article, we will analyze the weather data and electricity costs specific to Little Compton, break down the cost of a solar system, and estimate how quickly you can break even on your investment. So, keep reading to discover the financial benefits of going solar in Little Compton.
Little Compton Rhode Island Weather Trends
Little Compton Precipitation
In the last year, Little Compton, Rhode Island received 70.46 inches of precipitation, which is higher than the national average of 50.61 inches. Compared to the rest of Rhode Island, Little Compton ranks in the 51st percentile. By harnessing this abundant rainfall, you can maximize the potential of solar panels to generate clean energy for your home.
Little Compton’s UV Rating
With an average UV rating of 3.65 in the last year, Little Compton, Rhode Island is slightly lower than the national average of 4.29. However, compared to the rest of Rhode Island, Little Compton’s UV rating places it in a decent position. By utilizing solar panels, you can still benefit from the sun’s energy even with a slightly lower UV rating.
Little Compton’s Cloud Cover
Little Compton, Rhode Island experienced an average of 48% cloud cover in the last year. While this is slightly higher than the national average of 44.46%, it is lower than the statewide average of 49.35%. With a good balance of sunny and cloudy days, you can ensure consistent energy production from your solar panels throughout the year.
Little Compton Rhode Island Electricity Costs
Residents of Little Compton, Rhode Island pay about $0.22/kw for electricity, which is higher than the national average of $0.13/kw. However, compared to the rest of Rhode Island, Little Compton’s electricity costs are fairly average. By installing solar panels, you can reduce your reliance on traditional electricity sources and lower your monthly energy bills in the long run.
When could you expect to break even on a solar installation in Little Compton Rhode Island?
Considering the weather and electricity costs in Little Compton Rhode Island, 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:
- Little Compton Rhode Island receives more precipitation than the national average, but it still has sufficient sunlight for solar panels to work effectively.
- The UV ratings in Little Compton Rhode Island are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Little Compton Rhode Island is around the average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Little Compton Rhode Island pay 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, which means less need to buy from the grid, especially with the higher electricity rates in Little Compton Rhode Island.
After crunching the numbers, it looks like it would take around 8 years to cover the initial cost of the solar panels. This means that after 8 years, the money saved on electricity bills will start to exceed the initial investment. And remember, solar panels have a long lifespan, so the savings will continue for many years after the break-even point. It’s a wise financial and environmental investment!
Investing in solar power in Little Compton Rhode Island
Installing solar panels in Little Compton, Rhode Island can bring you financial benefits in the long run. By taking advantage of the abundant rainfall and sunshine, you can generate your own clean energy and save money on your monthly electricity bills. With an average break-even point of around 8 years, the initial investment in solar panels can lead to years of savings and a reduced reliance on traditional energy sources. Making the switch to solar power is not only a wise financial decision but also an environmentally friendly choice for your home in Little Compton.