Overview
In Owingsville, Kentucky, installing solar panels on your home can lead to significant financial savings over time. By analyzing data on weather patterns and electricity costs, we can show you how much money you can save by harnessing the power of the sun. With a breakdown of the cost of a solar system and an estimate of how long it will take to break even, you will see that switching to solar energy is not only good for the environment but also for your wallet.
Owingsville Kentucky Weather Trends
Owingsville Precipitation
In the last year, Owingsville Kentucky received 49.48 inches of precipitation. This amount puts Owingsville in the 47th percentile nationwide and the 17th percentile within the state of Kentucky. Comparatively, the national average for total precipitation is 50.61 inches, while Kentucky’s average is slightly higher at 54.69 inches. With Owingsville’s moderate level of precipitation, harnessing solar power can still be a reliable and beneficial option for your home.
Owingsville’s UV Rating
Over the past year, Owingsville Kentucky had an average UV rating of 4.23, ranking it in the 55th percentile nationwide and the 22nd percentile in Kentucky. The national average for average UV rating stands at 4.29, and the Kentucky average is slightly higher at 4.37. Additionally, Owingsville had an average max UV rating of 4.62, positioning it in the 48th percentile in the nation and the 28th percentile in the state. These UV ratings indicate that Owingsville has ample sunlight to generate significant solar energy savings for your household.
Owingsville’s Cloud Cover
In the last year, Owingsville Kentucky experienced an average of 46% cloud cover. This places Owingsville in the 57th percentile nationwide and the 41st percentile within Kentucky. The national average for cloud cover is 44.46%, and Kentucky’s average is slightly higher at 45.75%. Additionally, Owingsville had varying cloud cover percentages throughout the year, with a balance that allows for consistent solar energy generation. With this cloud cover data in mind, installing solar panels in Owingsville can result in efficient energy production for your home.
Owingsville Kentucky Electricity Costs
Owingsville Kentucky residents pay around $0.11/kw for electricity, which puts them in the 19th percentile nationwide and the 38th percentile within Kentucky. Comparatively, the national average for residential electricity is $0.13/kw, while Kentucky’s average aligns closely with Owingsville’s at $0.11/kw. With lower-than-average electricity costs, transitioning to solar power in Owingsville can lead to substantial financial savings over time, making it a wise investment for your home.
When could you expect to break even on a solar installation in Owingsville Kentucky?
Considering the weather and electricity costs in Owingsville, 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:
- Owingsville gets slightly less rain than the national average, and it has a good amount of sunlight for solar panels to work effectively.
- The UV ratings in Owingsville are close to the national average, indicating good conditions for generating solar power.
- Cloud cover in Owingsville is slightly above the national average, with different levels of cloudiness throughout the year.
Now, let’s consider the electricity costs:
- Residents in Owingsville pay slightly less for electricity compared to the national average, making solar energy a cost-effective option.
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 and leading to cost savings.
- Given Owingsville’s lower electricity rates, the savings from using solar power are significant.
After crunching the numbers, it seems that it would take around 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will start to accumulate and offset the investment. Additionally, solar panels have a long lifespan, so beyond that initial period, you’ll continue to benefit from the savings for many years. Investing in solar energy is a wise choice for saving money and contributing to a more sustainable future.
Investing in solar power in Owingsville Kentucky
Switching to solar energy in Owingsville, Kentucky can be a smart financial decision for homeowners. With lower-than-average electricity costs and favorable weather conditions for solar energy generation, investing in a solar system could lead to significant savings over time. By analyzing the data on weather patterns, UV ratings, cloud cover, and electricity costs, we can see that residents can expect to break even on their investment in solar panels in approximately 6 years. Beyond that point, the savings will continue to accumulate, making solar energy a wise and sustainable choice for homeowners in Owingsville.