Overview
Are you tired of high electricity bills in Old Hickory, Tennessee? Have you considered the financial benefits of installing solar panels on your home? By analyzing weather data for the area, we can show you how much money you can save with solar energy. With the average cost of electricity in Old Hickory and the breakdown of solar system costs, we can estimate how long it will take for you to break even on your investment. Let’s explore the potential financial advantages of going solar in Old Hickory!
Old Hickory Tennessee Weather Trends
Old Hickory Precipitation
With Old Hickory receiving 52.47 inches of precipitation last year, it is in the 53rd percentile nationwide and the 17th percentile in Tennessee. Compared to the national average of 50.61 inches and Tennessee’s average of 58.16 inches, Old Hickory is in a favorable position for utilizing solar energy.
Old Hickory’s UV Rating
In the past year, Old Hickory had an average UV rating of 4.7, placing it in the 70th percentile in the nation and the 62nd percentile in Tennessee. With a national average of 4.29 and Tennessee’s average of 4.65, Old Hickory’s abundant sunshine makes it an ideal location for installing solar panels. Additionally, the average max UV rating of 5.07 indicates even greater potential for harnessing solar energy.
Old Hickory’s Cloud Cover
Old Hickory experienced an average cloud cover of 43% last year, positioning it in the 43rd percentile nationwide and the 33rd percentile in Tennessee. Compared to the national average of 44.46% and Tennessee’s average of 43.78%, Old Hickory offers relatively clear skies for solar energy production. With a significant number of days featuring low cloud cover, residents have ample opportunities to benefit from solar power.
Old Hickory Tennessee Electricity Costs
Residents in Old Hickory pay around $0.11 per kilowatt-hour for electricity, placing the city in the 27th percentile across the country and the 37th percentile in Tennessee. With the national average at $0.13/kw and Tennessee’s average matching Old Hickory’s rate, investing in solar panels can lead to substantial savings on utility bills over time.
When could you expect to break even on a solar installation in Old Hickory Tennessee?
Considering the weather and electricity costs in Old Hickory, 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:
- Old Hickory receives slightly more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Old Hickory are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Old Hickory is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Old Hickory pay less for electricity compared to the national average, which can affect the savings from using solar power.
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 from the grid.
- With Old Hickory’s lower electricity rates, the savings may take longer to cover the initial cost of the solar panels.
After considering all factors, it is estimated that it would take around 6-9 years to cover the initial cost of the solar panels in Old Hickory, Tennessee. This means that after this period, the savings on electricity bills will begin to offset the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years after breaking even. Investing in solar power is not only cost-effective but also environmentally friendly, making it a smart choice for residents in Old Hickory.
Investing in solar power in Old Hickory Tennessee
After analyzing the weather trends and electricity costs in Old Hickory, Tennessee, it is clear that investing in solar panels can lead to significant financial benefits for residents. With ample sunshine, lower than average electricity costs, and a relatively short payback period of 6-9 years, the decision to go solar is a smart and cost-effective choice. Not only will residents save money on their utility bills, but they will also contribute to a more sustainable and environmentally friendly future. Take advantage of the sunny skies in Old Hickory and start saving with solar energy today!