Overview
If you’re a resident of Narragansett, Rhode Island, you may want to consider the financial benefits of installing solar panels on your home. By analyzing weather data from the area and factoring in basic electricity costs, we can estimate the cost of a solar system and how long it would take for you to break even. With plenty of sunshine and minimal cloud cover throughout the year, Narragansett is an ideal location for harnessing solar energy to save money on your electricity bills in the long run.
Narragansett Rhode Island Weather Trends
Narragansett Precipitation
With an annual total of 73.25 inches of precipitation, Narragansett, Rhode Island ranks in the 93rd percentile in the nation and the 74th percentile in Rhode Island. Comparatively, the national average for total precipitation is 50.61 inches, while Rhode Island’s average is 70.49 inches. This means that Narragansett receives more rainfall than most areas in the country, making it an excellent location for harnessing solar energy.
Narragansett’s UV Rating
At an average UV rating of 3.7, Narragansett, Rhode Island falls in the 30th percentile nationally and the 63rd percentile in Rhode Island. When looking at the average max UV rating of 3.82, Narragansett sits in the 26th percentile in the nation and the 25th percentile in Rhode Island. Comparing these numbers to the national averages of 4.29 and 4.61, respectively, and Rhode Island’s 3.7 and 3.9, we see that Narragansett enjoys moderate levels of solar radiation suitable for solar panel installation.
Narragansett’s Cloud Cover
With an average of 47% cloud cover, Narragansett, Rhode Island ranks in the 65th percentile in the nation and the 3rd percentile in Rhode Island. The national average for cloud cover is 44.46%, while Rhode Island’s average is 49.35%. With a significant number of days with low cloud cover and plenty of sunshine, Narragansett offers ample opportunities for solar panels to generate electricity efficiently.
Narragansett Rhode Island Electricity Costs
Residents in Narragansett, Rhode Island, pay approximately $0.22/kw for electricity, placing them in the 99th percentile in the nation and the 67th percentile in Rhode Island. In contrast, the national average for residential electricity is $0.13/kw, while Rhode Island’s average is also $0.22/kw. By harnessing solar energy, Narragansett residents can significantly reduce their electricity bills over time and make a positive impact on the environment.
When could you expect to break even on a solar installation in Narragansett Rhode Island?
Considering the weather and electricity costs in Narragansett, 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:
- Narragansett gets more rain than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Narragansett are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Narragansett is slightly above the national average, with some variability throughout the year.
Now, let’s consider the electricity costs:
- Residents in Narragansett pay more for electricity compared to the national average.
With this information in mind, let’s break down the costs:
- A standard 10kW solar system 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 solar system generates electricity, reducing the amount needed from the grid.
- Given Narragansett’s higher electricity rates, the savings will be more significant.
After running the numbers, it looks like it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will begin to accumulate and pay off the investment. It’s important to remember that solar panels have a long lifespan, so beyond that initial period, you’ll continue to enjoy those savings for many years. Investing in solar power is a smart way to save money and contribute to environmental sustainability!
Investing in solar power in Narragansett Rhode Island
With ample sunshine, moderate cloud cover, and higher-than-average electricity costs, Narragansett, Rhode Island proves to be an ideal location for installing solar panels. By analyzing the weather trends and electricity rates in the area, we can estimate that residents can expect to break even on their solar system investment in approximately 6 years. Beyond that, the savings on electricity bills will continue to accumulate, making solar power a smart financial and environmental choice for homeowners in Narragansett.