Overview
If you live in Morgan City, Mississippi, you may want to consider installing solar panels on your home to take advantage of the financial benefits. By analyzing weather data specific to this area, we can show you how much sunshine you can expect, which translates into savings on your electricity bill. With the cost of solar panels decreasing and tax incentives available, we will break down the installation costs and estimate how quickly you can break even on your investment. Let’s explore how going solar can positively impact your wallet in Morgan City.
Morgan City Mississippi Weather Trends
Morgan City Precipitation
Living in Morgan City, Mississippi, you experience a moderate amount of precipitation, with 60.15 inches received in the last year. Compared to the rest of the country, Morgan City falls in the 70th percentile for total precipitation, outperforming the national average of 50.61 inches. While in Mississippi, Morgan City is in the 56th percentile, slightly above the state’s average of 60.13 inches. With a sufficient amount of rainfall, solar panels can effectively harness this natural resource to generate electricity, reducing your dependency on the grid.
Morgan City’s UV Rating
In Morgan City, Mississippi, you can enjoy abundant sunshine with an average UV rating of 5.34 in the last year. This places Morgan City in the 86th percentile nationwide, surpassing the national average of 4.29. Within Mississippi, Morgan City ranks in the 54th percentile, with the state’s average UV rating at 5.31. With a high level of UV exposure, installing solar panels on your home can maximize energy production, making it a cost-effective and environmentally friendly choice.
Morgan City’s Cloud Cover
With an average cloud cover of 39% in the last year, Morgan City, Mississippi, benefits from relatively clear skies for solar energy generation. In comparison to the rest of the country, Morgan City ranks in the 23rd percentile, below the national average of 44.46%. Within Mississippi, Morgan City is in the 16th percentile, with the state’s average cloud cover at 41.29%. The abundance of sunny days in Morgan City provides a prime opportunity to harness solar power for your home.
Morgan City, Mississippi Electricity Costs
Residential electricity costs in Morgan City, Mississippi, are around $0.10/kw, placing the city in the 6th percentile nationally and the 1st percentile in the state. Comparatively, the national average for electricity is $0.13/kw, while Mississippi’s average is $0.11/kw. With lower electricity rates in Morgan City, investing in solar panels can lead to substantial savings on your energy bills over time, making it a smart financial decision for homeowners.
When could you expect to break even on a solar installation in Morgan City Mississippi?
Considering the weather and electricity costs in Morgan City, 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:
- Morgan City receives more precipitation than the national average, but it still has good amounts of sunlight for solar panels to be effective.
- The UV ratings in Morgan City are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Morgan City is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Morgan City pay slightly less for electricity compared to the national average, which can impact the savings from solar power.
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 costs.
- With lower electricity rates in Morgan City, the savings may take longer to cover the initial investment.
After analyzing the data, it appears that it may take around 7-8 years to break even on the initial cost of the solar panels in Morgan City. This means that after this period, the money saved on electricity bills will start to offset the investment. Considering solar panels’ long lifespan, these savings will continue for many years beyond the payback period. It’s a wise choice for both saving money and helping the environment in Morgan City!
Investing in solar power in Morgan City Mississippi
Installing solar panels in Morgan City, Mississippi, is a smart financial decision for homeowners. The data shows that this city receives a sufficient amount of sunlight for effective energy generation, with lower electricity costs compared to the national average. By investing in solar panels, residents can expect to break even on their initial investment in around 7-8 years. After this period, the savings on electricity bills will continue for many more years, making it a wise choice for both saving money and helping the environment in Morgan City.