Overview
Are you a resident of Neon, Kentucky looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data specific to Neon, as well as electricity costs in the area, we can show you how a solar system can help you break even on your investment in a relatively short amount of time. Keep reading to learn more about the financial benefits of going solar in Neon, Kentucky.
Neon Kentucky Weather Trends
Neon Precipitation
In the last year, Neon, Kentucky received 60.9 inches of precipitation. This places Neon in the 72nd percentile in the nation and the 87th percentile in Kentucky, indicating that the area sees a significant amount of rain. Comparatively, the national average for total precipitation is 50.61 inches, while Kentucky’s average is 54.69 inches. By capturing some of this rainwater with solar panels, residents can potentially offset their water usage and save on utility costs over time.
Neon’s UV Rating
Over the past year, Neon, Kentucky had an average UV rating of 4.11, placing it in the 50th percentile nationally and the 4th percentile in Kentucky. While the sun may not shine as intensely in Neon as in other parts of the country or even the state, the potential for generating solar energy is still significant. With the national average for UV rating at 4.29 and Kentucky’s at 4.37, residents can benefit from harnessing the sunlight available to them through solar panels.
Neon’s Cloud Cover
In the last year, Neon, Kentucky experienced an average cloud cover of 47%, placing it in the 63rd percentile nationally and the 63rd percentile in Kentucky. This means that there are plenty of clear days suitable for capturing solar energy. With the national average for cloud cover at 44.46% and Kentucky’s at 45.75%, residents of Neon have ample opportunity to maximize their solar panel efficiency and reduce their reliance on traditional energy sources.
Neon Kentucky Electricity Costs
Neon, Kentucky residents pay around $0.12 per kilowatt-hour for electricity, placing them in the 52nd percentile nationally and the 90th percentile in Kentucky. While the national average for residential electricity is $0.13/kw, Kentucky’s average is slightly lower at $0.11/kw. By investing in solar panels, residents can offset these electricity costs and potentially even generate excess energy to sell back to the grid, ultimately saving money in the long run and reducing their carbon footprint.
When could you expect to break even on a solar installation in Neon Kentucky?
Considering the weather and electricity costs in Neon Kentucky, 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:
- Neon Kentucky gets slightly more precipitation than the national average, but it still receives enough sunlight for solar panels to work effectively.
- The UV ratings in Neon Kentucky are slightly lower than the national average, but they are sufficient for generating solar power.
- Cloud cover in Neon Kentucky is slightly higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Neon Kentucky pay slightly less 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 need to purchase power from the grid.
- With slightly lower electricity rates in Neon Kentucky, the savings over time will still be significant.
After analyzing the data, it appears that it would take approximately 7 years to cover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will begin to accumulate and repay the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years beyond the break-even point. Investing in solar power is a smart way to save money and contribute to a sustainable future.
Investing in solar power in Neon Kentucky
After analyzing the weather trends and electricity costs in Neon, Kentucky, it is clear that installing solar panels can be a financially beneficial decision for residents. With ample sunlight despite slightly lower UV ratings and manageable cloud cover, solar panels can effectively generate energy in the area. Additionally, with electricity costs slightly below the national average, residents can expect to break even on their solar panel investment in approximately 7 years. This means that not only will they save money on electricity bills in the long run, but they will also contribute to a more sustainable future by reducing their carbon footprint. Choosing solar power in Neon, Kentucky is a smart and eco-friendly choice that offers both financial and environmental benefits.