Overview
If you’re a resident of New Tazewell, Tennessee, you may be wondering if installing solar panels on your home is a worthwhile investment. By analyzing weather data and electricity costs specific to the area, we can show you how much money you can save over time by going solar. With the right information, you can see how quickly you can break even on the cost of a solar system and start enjoying the financial benefits of renewable energy.
New Tazewell Tennessee Weather Trends
New Tazewell Precipitation
With New Tazewell receiving 66.54 inches of precipitation in the last year, it is evident that the area experiences a significant amount of rainfall. Compared to the national average of 50.61 inches, New Tazewell stands in the 83rd percentile in the nation and the 91st percentile in Tennessee. This abundance of rain can actually benefit solar panel efficiency by helping to keep them clean and functioning optimally.
New Tazewell’s UV Rating
New Tazewell’s average UV rating of 4.3 in the last year indicates a moderate level of sunlight exposure. While it may be in the 58th percentile nationally, it falls in the 11th percentile within Tennessee. However, with an average max UV rating of 4.58, New Tazewell has great potential for harnessing solar energy. Compared to the national and state averages, it is clear that New Tazewell has favorable conditions for solar power generation.
New Tazewell’s Cloud Cover
At an average of 46% cloud cover in the last year, New Tazewell experiences a moderate amount of cloudiness. Despite being in the 59th percentile nationwide, it ranks higher in the 83rd percentile within Tennessee. The distribution of cloud cover throughout the year provides an excellent balance for solar energy production with sufficient sunshine and periodic cloud coverage. This means that solar panels in New Tazewell can efficiently generate electricity throughout the year.
New Tazewell Tennessee Electricity Costs
New Tazewell residents pay an affordable rate of $0.1/kw for electricity, which is below both the national average of $0.13/kw and the Tennessee average of $0.11/kw. By transitioning to solar power, homeowners in New Tazewell can significantly reduce their electricity bills and take advantage of renewable energy. Investing in solar panels can lead to substantial long-term savings and a more sustainable lifestyle.
When could you expect to break even on a solar installation in New Tazewell Tennessee?
Considering the weather and electricity costs in New Tazewell, Tennessee, 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 Tazewell gets more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings are slightly lower than the national average, but they’re still good for generating solar power.
- Cloud cover is about average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in New Tazewell pay 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, which means we don’t need to buy as much from the grid.
- With New Tazewell’s lower electricity rates, the savings might take longer to add up.
After crunching the numbers, it looks like it would take around 6 years to cover the initial cost of the solar panels based on lower electricity costs. That means, after 6 years, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in New Tazewell Tennessee
After analyzing the weather data and electricity costs specific to New Tazewell, Tennessee, it is clear that installing solar panels can be a financially beneficial investment. With abundant rainfall, moderate sunlight exposure, and a balance of cloud cover, solar panels in New Tazewell can efficiently generate electricity throughout the year. Additionally, residents benefit from affordable electricity costs, making the transition to solar power a cost-effective decision. Based on the calculations, it would take approximately 6 years to break even on the initial cost of a solar system in New Tazewell. This means that homeowners can start saving money on electricity bills and enjoy the long-term benefits of renewable energy. Investing in solar panels not only leads to financial savings but also contributes to a more sustainable lifestyle in New Tazewell, Tennessee.