Overview
In Myrtle Beach, South Carolina, installing solar panels on your home can lead to significant financial savings over time. By analyzing weather data and electricity costs specific to the area, we will show you how switching to solar power can help you break even on your investment sooner than you might think. With average yearly savings on electricity bills, it’s a smart choice to consider making the switch to solar energy for your home.
Myrtle Beach South Carolina Weather Trends
Myrtle Beach Precipitation
With 75.14 inches of precipitation in the last year, Myrtle Beach is in the 94th percentile in the nation and the 95th percentile in South Carolina. Compared to the national average of 50.61 inches, Myrtle Beach’s high levels of precipitation make it an ideal location for harnessing solar energy efficiently. By utilizing solar panels, residents can take advantage of the abundant precipitation for cleaner and greener energy.
Myrtle Beach’s UV Rating
Myrtle Beach had an average UV rating of 5.14 in the last year, ranking it in the 81st percentile in the nation and the 57th percentile in South Carolina. With a higher UV rating than the national average of 4.29, Myrtle Beach receives ample sunlight for solar panel absorption. By harnessing this solar power, residents can reduce their carbon footprint and contribute to a healthier environment.
Myrtle Beach’s Cloud Cover
Myrtle Beach experienced an average of 41% cloud cover in the last year, placing it in the 32nd percentile in the nation and the 58th percentile in South Carolina. With a lower cloud cover percentage than the national average of 44.46%, Myrtle Beach offers a favorable environment for consistent solar energy production. By installing solar panels, residents can take advantage of clearer skies for increased energy efficiency.
Myrtle Beach South Carolina Electricity Costs
Residents in Myrtle Beach pay about $0.13/kW for electricity, positioning the city in the 66th percentile nationally and the 24th percentile in South Carolina. While in line with the national average, Myrtle Beach’s electricity costs are relatively low compared to other cities in the state. By transitioning to solar power, residents can significantly decrease their reliance on traditional electricity sources and save money on energy bills in the long run.
When could you expect to break even on a solar installation in Myrtle Beach South Carolina?
Considering the weather and electricity costs in Myrtle Beach, South Carolina, 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:
- Myrtle Beach gets more rain than the national average, but it still has plenty of sunshine for solar panels to be effective.
- The UV ratings in Myrtle Beach are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Myrtle Beach is slightly below the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Myrtle Beach pay about the same amount for electricity as 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 Myrtle Beach’s electricity rates, the savings may take longer to cover the initial cost compared to areas with higher rates.
After analyzing the data, it seems like it could take around 8-10 years to cover the initial cost of the solar panels in Myrtle Beach. This means that after that period, the money saved on electricity bills from solar power will start to outweigh the initial investment. Since solar panels have a long lifespan, you’ll continue to benefit from those savings for many years to come. In the end, investing in solar energy is a wise choice for saving money and contributing to a cleaner environment!
Investing in solar power in Myrtle Beach South Carolina
Switching to solar power in Myrtle Beach, South Carolina can lead to significant financial savings over time. By taking advantage of the city’s high levels of precipitation, UV ratings, and lower cloud cover, residents can benefit from consistent energy production from solar panels. With electricity costs in Myrtle Beach aligning with the national average, investing in solar energy can help homeowners break even on their initial investment in around 8-10 years. This shows that making the switch to solar power is a smart choice for saving money and contributing to a cleaner environment for years to come.