Overview
Are you a homeowner in Owings, Maryland looking to save money on your electricity bills? Look no further! Installing solar panels on your home can help you reduce your monthly expenses while also benefitting the environment. By analyzing weather data and basic electricity costs specific to Owings, we will show you how you can break even on the cost of a solar system and start enjoying the financial benefits of solar power.
Owings Maryland Weather Trends
Owings Precipitation
Living in Owings, Maryland, you may have noticed the 59 inches of precipitation the area received last year. Compared to the rest of the country, Owings falls in the 68th percentile, while in Maryland, it’s in the 65th percentile. With the national average total precipitation at 50.61 inches and Maryland’s at 56.5 inches, it’s clear that Owings experiences a good amount of rainfall.
Owings’s UV Rating
With an average UV rating of 4.3, Owings, Maryland, ranks in the 58th percentile nationwide and the 60th percentile in Maryland. This indicates a moderate level of sun exposure, making it an ideal location for harnessing solar energy. Additionally, the average max UV rating of 4.55 shows even more potential for solar panel efficiency in Owings.
Owings’s Cloud Cover
Owings, Maryland, sees an average cloud cover of 42%, placing it in the 37th percentile nationally and the 2nd percentile in Maryland. This means that the majority of days in Owings have relatively clear skies, providing ample sunlight for solar panels to generate electricity efficiently. With varying degrees of cloud cover throughout the year, there are plenty of opportunities for solar energy production.
Owings Maryland Electricity Costs
As an Owings resident, you pay around $0.12 per kilowatt-hour for electricity, positioning the area in the 49th percentile nationally and the 26th percentile in Maryland. With the national and state average at $0.13 per kilowatt-hour, Owings offers slightly lower electricity costs, making it even more financially advantageous to switch to solar power and start saving on your monthly bills.
When could you expect to break even on a solar installation in Owings Maryland?
Considering the weather and electricity costs in Owings, Maryland, 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:
- Owings gets more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings in Owings are slightly lower than the national average, but they’re still good for generating solar power.
- Cloud cover in Owings is slightly below the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Owings 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, which means we don’t need to buy as much from the grid.
- With Owings’ lower electricity rates, the savings are still significant.
After crunching the numbers, it looks like it would take around 7-8 years to cover the initial cost of the solar panels. That means, after 7-8 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 Owings Maryland
By analyzing the weather trends and electricity costs specific to Owings, Maryland, it is clear that installing solar panels can be a beneficial investment for homeowners in the area. With ample sunlight and slightly lower electricity rates, residents can expect to break even on the cost of a solar system in around 7-8 years. This means that after the initial investment period, homeowners can enjoy significant savings on their electricity bills while also contributing to a cleaner environment. So, if you’re looking to save money and reduce your carbon footprint, consider making the switch to solar power in Owings!