Overview
Are you a Parishville, New York resident looking to save money on your electricity bill? Installing solar panels on your home could be the answer! In this article, we will breakdown the financial benefits of going solar by analyzing weather data specific to Parishville, including inches of precipitation, average max UV rating, average UV rating, and percentage cloud cover. By looking at basic electricity costs and estimating the cost of a solar system, we will show you how long it could take to break even on your investment.
Parishville New York Weather Trends
Parishville Precipitation
With Parishville receiving 64.29 inches of precipitation in the last year, it is clear that the area has a higher amount of rainfall compared to the national average of 50.61 inches and New York’s average of 63.5 inches. Despite being in the 79th percentile in the nation for precipitation, installing solar panels can still be a beneficial investment for Parishville residents.
Parishville’s UV Rating
Parishville’s average UV rating of 3.22 may be lower compared to the national average of 4.29 and New York’s average of 3.57. However, with an average max UV rating of 3.5, the area’s potential for solar energy generation is substantial. Even with lower UV ratings, Parishville residents can still benefit from installing solar panels on their homes.
Parishville’s Cloud Cover
Parishville’s average 60% cloud cover in the last year, although high compared to the national average of 44.46% and New York’s average of 54.76%, does not diminish the benefits of solar energy. Despite the number of days with varying degrees of cloud cover, Parishville residents can still harness solar power to reduce their electricity bills and environmental impact.
Parishville New York Electricity Costs
At $0.13/kw, Parishville residents pay lower than the national average for residential electricity. Despite being in the 67th percentile in the nation and the 53rd percentile in New York, switching to solar can further decrease electricity costs and provide a sustainable energy source for years to come.
When could you expect to break even on a solar installation in Parishville New York?
Considering the weather and electricity costs in Parishville New York, 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:
- Parishville New York receives slightly more rainfall than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Parishville New York are slightly lower than the national average, but they are still sufficient for generating solar power.
- The cloud cover in Parishville New York is higher than the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Parishville New York pay the national average price for electricity at $0.13/kw.
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:
- By generating electricity, you reduce your reliance on the grid and save on electricity bills.
- With the average electricity cost in Parishville New York, the savings from using solar power can add up over time.
After running the numbers, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the money saved on electricity bills will start to surpass the initial investment. Additionally, since solar panels have a lifespan of 25-30 years, you will continue to enjoy these savings for many years after breaking even. Investing in solar panels is not only a smart financial decision but also beneficial for the environment.
Investing in solar power in Parishville New York
Investing in solar panels for your home in Parishville, New York can be a financially smart decision. Despite the area’s higher than average precipitation and cloud cover, the potential for solar energy generation is still significant. With electricity costs lower than the national average, switching to solar power can lead to savings in the long term. Based on our analysis, it would take approximately 5 years to break even on the initial cost of a solar installation. This means that after 5 years, the money saved on electricity bills will start to surpass the initial investment, providing both financial benefits and a sustainable energy source for years to come.