Overview
If you’re a New London Texas resident looking to save money on your electricity bills, installing solar panels on your home could be the solution you’ve been searching for. By analyzing local weather data and electricity costs, we can show you just how much you stand to save by making the switch to solar power. With a breakdown of the costs involved and an estimate of how long it will take to break even, you’ll see why solar panels are a smart investment for your home in New London.
New London Texas Weather Trends
New London Precipitation
With New London receiving 50.9 inches of precipitation in the last year, this places the town in the 50th percentile nationwide and the 82nd percentile in Texas. Compared to the national average of 50.61 inches and Texas’s average of 40.86 inches, New London experiences a moderate amount of precipitation.
New London’s UV Rating
In the last year, New London had an average UV rating of 5.54, ranking the town in the 89th percentile nationwide and the 21st percentile in Texas. Compared to the national average of 4.29 and Texas’s average of 5.74, New London enjoys a higher than average level of UV exposure. With an average max UV rating of 5.93, New London still remains higher than the national average of 4.61.
New London’s Cloud Cover
With an average of 38% cloud cover in the last year, New London falls in the 19th percentile nationally and the 58th percentile in Texas. In comparison, the national average for cloud cover is 44.46% and Texas’s average is 35.45%. New London experienced a mix of cloud cover throughout the year, ranging from clear to partly cloudy days.
New London Texas Electricity Costs
New London residents pay about $0.1/kw for electricity, placing them in the 14th percentile in the nation and the 28th percentile in Texas. Compared to the national average of $0.13/kw and Texas’s average of $0.11/kw, New London enjoys relatively low electricity costs. By switching to solar power, residents can take advantage of these low rates and save even more on their energy bills in the long run.
When could you expect to break even on a solar installation in New London Texas?
Considering the weather and electricity costs in New London Texas, 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:
- New London Texas receives slightly more precipitation than the national average, but the amount of sun is still good for solar panels to be effective.
- The UV ratings in New London Texas are higher than the national average, making it a great location for generating solar power.
- The cloud cover in New London Texas is lower than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in New London Texas pay a bit less for electricity compared to the national average, at $0.1/kw.
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 money on electricity bills.
- With the lower electricity costs in New London Texas, the savings are slightly less compared to other locations.
After analyzing the data, it is estimated that it would take approximately 7-8 years to cover the initial cost of the solar panels in New London Texas. This means that after this period, the money saved on electricity bills will start to offset the investment. Since solar panels last for a long time, you will continue to enjoy these savings for years to come, making it a beneficial financial and environmental decision!
Investing in solar power in New London Texas
With the combination of favorable weather conditions and relatively low electricity costs in New London Texas, installing solar panels on your home can lead to significant savings in the long run. By taking advantage of the abundant sunlight and moderate precipitation levels, residents can expect to break even on their initial investment in solar panels in approximately 7-8 years. This means that not only will you be saving money on your electricity bills, but you’ll also be making a positive environmental impact for years to come. Consider making the switch to solar power and start enjoying the benefits today!