Overview
Are you a resident of Owenton, Kentucky looking to save money on your electric bills? Installing solar panels on your home could be the perfect solution! By analyzing weather data specific to Owenton, including inches of precipitation, average max UV rating, average UV rating, and average percentage cloud cover, we can show you just how much you stand to save each year. With basic electricity costs factored in, we’ll break down the cost of a solar system and estimate how long it will take for you to start seeing significant savings. Don’t miss out on the financial benefits of going solar in Owenton!
Owenton Kentucky Weather Trends
Owenton Precipitation
With Owenton Kentucky receiving 47.19 inches of precipitation last year, it falls below the national average of 50.61 inches. However, compared to the rest of Kentucky, Owenton ranks even lower in the 9th percentile. By installing solar panels, you can take advantage of the sunny days in Owenton to generate clean energy and reduce your reliance on traditional electricity sources.
Owenton’s UV Rating
When it comes to UV ratings, Owenton Kentucky is right around the national and state averages. With an average UV rating of 4.23, Owenton is in the 55th percentile in the nation and the 23rd percentile in Kentucky. By harnessing the power of the sun through solar panels, you can benefit from Owenton’s above-average UV ratings to generate electricity and lower your utility bills.
Owenton’s Cloud Cover
Despite having an average cloud cover of 46%, Owenton Kentucky is in a good position to generate solar energy efficiently. Owenton ranks in the 58th percentile in the nation for cloud cover. With different levels of cloud cover throughout the year, you can still benefit from solar energy on days with less cloud cover, maximizing your savings and reducing your environmental footprint.
Owenton Kentucky Electricity Costs
Owenton residents pay about $0.1/kw for electricity, which is below the national average of $0.13/kw. In comparison to the rest of Kentucky, Owenton is in a better position with costs ranking in the 31st percentile. By switching to solar power, you can take control of your energy costs and reduce your reliance on traditional electricity sources, ultimately saving money in the long run.
When could you expect to break even on a solar installation in Owenton Kentucky?
Considering the weather and electricity costs in Owenton, 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:
- Owenton, Kentucky receives slightly less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Owenton, Kentucky are lower than the national average, but they are still sufficient for generating solar power.
- The cloud cover in Owenton, Kentucky is slightly higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Owenton, Kentucky pay less for electricity compared to the national average, which is beneficial for solar panel users.
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, especially with Owenton, Kentucky’s lower electricity rates.
After running the numbers, it appears that it would take approximately 4 to 5 years to cover the initial cost of the solar panels. This means that after this period, the money saved on electricity bills will start to accumulate and repay the investment. Furthermore, since solar panels have a long lifespan, the savings will continue for many years beyond the break-even point. It’s a wise financial decision that also benefits the environment!
Investing in solar power in Owenton Kentucky
Installing solar panels in Owenton, Kentucky can be a smart financial move for residents looking to save money on electricity bills. With weather data showing that Owenton receives slightly less precipitation, has adequate UV ratings, and has manageable levels of cloud cover, solar panels can efficiently generate electricity. Considering that Owenton residents pay below the national average for electricity, the investment in solar panels could break even in about 4 to 5 years. This means that not only will you start seeing significant savings relatively quickly, but you’ll also benefit from long-term savings and contribute to a greener environment. Don’t miss out on the opportunity to go solar and reap these financial rewards!