Overview
If you’re a Newell, North Carolina resident looking to save money on your electricity bills, installing solar panels on your home could be a smart investment. With the sunny climate in Newell, you can take advantage of abundant sunshine to generate your own clean energy and reduce your dependence on the grid. By analyzing weather data and electricity costs, we will show you how a solar system can pay for itself over time, putting money back in your pocket. Let’s break down the numbers and see how you can start saving with solar power.
Newell North Carolina Weather Trends
Newell Precipitation
With 64.51 inches of precipitation in the last year, Newell North Carolina is in a good spot for solar energy generation. Ranking in the 80th percentile nationally and the 52nd percentile in North Carolina, Newell receives more precipitation compared to the national average of 50.61 inches and is right around the state average of 65.54 inches. This means that there is plenty of water available for your solar panels to help generate clean energy.
Newell’s UV Rating
With an average UV rating of 4.76, Newell North Carolina is in a great position for solar power production. Ranking in the 72nd percentile nationwide and the 51st percentile in North Carolina, Newell surpasses both the national and state averages of 4.29 and 4.72, respectively. With an average max UV rating of 5.15, Newell stands in an even better position for efficient solar panel performance compared to the national and state averages.
Newell’s Cloud Cover
With an average of 40% cloud cover, Newell North Carolina has optimal conditions for solar panel efficiency. Ranking in the 29th percentile nationally and the 23rd percentile in North Carolina, Newell experiences less cloud cover compared to the national average of 44.46% and the state average of 42.57%. With 137 days of clear skies, 100 days of moderate cloud cover, 70 days of heavier cloud cover, and 57 days of overcast conditions, you can count on consistent solar energy production.
Newell North Carolina Electricity Costs
Newell residents pay approximately $0.1/kw for electricity, positioning them in the 15th percentile nationally and the 1st percentile in North Carolina. This means that Newell has some of the lowest electricity costs in the country and the state. With national and state averages of $0.13/kw and $0.12/kw respectively, opting for solar panels can help you further reduce your electricity expenses and take advantage of the sunny climate in Newell.
When could you expect to break even on a solar installation in Newell North Carolina?
Considering the weather and electricity costs in Newell, North 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:
- Newell gets more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Newell is slightly lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Newell 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, helping to reduce reliance on the grid.
- With lower electricity rates in Newell, the savings may take a bit longer to cover the initial cost.
After crunching the numbers, it looks like it would take around 6-7 years to cover the initial cost of the solar panels in Newell, North Carolina. That means, after 6-7 years, the money saved 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 Newell North Carolina
Installing solar panels in Newell, North Carolina can be a smart investment for residents looking to save money on electricity bills. With favorable weather conditions and low electricity costs, a solar system can pay for itself in around 6-7 years. After that initial period, the savings on electricity bills will continue to add up for many more years. Not only is solar power a cost-effective solution, but it also allows homeowners to reduce their dependence on the grid and contribute to a cleaner environment. Consider making the switch to solar energy and start saving money while helping the planet!