Overview
This article will show you why installing solar panels on your home in Pelham, Tennessee can save you money in the long run. By analyzing the weather data and electricity costs specific to Pelham, we will break down the cost of a solar system and estimate how long it will take for you to break even. With the financial benefits in mind, you’ll see how going solar can be a smart investment for your home.
Pelham Tennessee Weather Trends
Pelham Precipitation
With 67.05 inches of precipitation in the last year, Pelham Tennessee is above the national average of 50.61 inches but below the state average of 58.16 inches. Despite receiving more rain than most of the country, solar panels can still be a great investment in Pelham due to the long sunny days that offset the rainy ones.
Pelham’s UV Rating
Although Pelham Tennessee has an average UV rating of 4.29, lower than the national average of 4.29 and the state average of 4.65, the high level of sunlight still makes solar panels a viable option. With plenty of sunshine throughout the year, residents of Pelham can benefit from generating their own electricity.
Pelham’s Cloud Cover
Despite having an average of 47% cloud cover, higher than the national average of 44.46% and the state average of 43.78%, Pelham Tennessee still has enough clear days to make solar panels a worthwhile investment. With over 100 days of clear skies a year, residents can take advantage of solar energy production.
Pelham Tennessee Electricity Costs
Pelham residents pay about $0.11/kw for electricity, which is on par with the state average but slightly below the national average. By switching to solar power, homeowners can reduce their electricity bills significantly and potentially even generate excess energy to sell back to the grid, leading to long-term savings.
When could you expect to break even on a solar installation in Pelham Tennessee?
Considering the weather and electricity costs in Pelham 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:
- Pelham Tennessee gets more precipitation than the national average, but it still has good UV ratings for solar power generation.
- The UV ratings are slightly lower than the national average, particularly the average max UV rating, but they are still suitable for solar panels.
- Cloud cover in Pelham Tennessee is slightly higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Pelham Tennessee 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, reducing the amount needed from the grid.
- With Pelham Tennessee’s lower electricity rates, the savings are somewhat lower compared to areas with higher rates.
After analyzing the data, it seems that it would take approximately 6-7 years to cover the initial cost of the solar panels. This implies that after 6-7 years, the money saved on electricity bills will begin to accumulate and offset the investment. Additionally, since solar panels have a long lifespan, you will continue to benefit from these savings for many years to come. It’s a smart financial decision that also contributes positively to the environment!
Investing in solar power in Pelham Tennessee
Considering the weather data and electricity costs in Pelham, Tennessee, investing in solar panels for your home can lead to significant long-term savings. With abundant sunlight and slightly lower electricity rates than the national average, it would take approximately 6-7 years to break even on the initial cost of the solar system. This means that after this period, you will begin accumulating savings on your electricity bills, making it a smart financial decision. Not only will you save money, but you will also contribute positively to the environment by using renewable energy. Going solar in Pelham can be a wise investment for your home!