Overview
If you’re a Phelps New York resident looking to save money on your electricity bills, installing solar panels on your home could be a smart financial choice. By analyzing weather data specific to Phelps, including inches of precipitation, UV ratings, and cloud cover, along with basic electricity costs, we’ll break down the costs of a solar system and estimate how long it will take for you to break even. With the potential savings that solar energy can bring, it’s worth considering making the switch to solar power for your home.
Phelps New York Weather Trends
Phelps Precipitation
With Phelps New York receiving 49.87 inches of precipitation in the last year, it’s clear that the area has slightly lower rainfall compared to both the national and state averages. At the national level, the average total precipitation is 50.61 inches, while New York’s average stands at a higher 63.5 inches. Despite being below average in precipitation, installing solar panels can still be a lucrative investment for Phelps residents looking to save on electricity costs.
Phelps’s UV Rating
Phelps New York’s average UV rating of 3.42 places it in the 15th percentile nationally and the 57th percentile within New York. Comparatively, the national average UV rating is 4.29, with New York’s average slightly lower at 3.57. Additionally, Phelps’s average max UV rating of 3.66 places it below the national and state averages. Despite this, harnessing solar energy can still be a viable option for Phelps residents seeking financial and environmental benefits.
Phelps’s Cloud Cover
With an average of 56% cloud cover in the last year, Phelps New York falls within the 90th percentile nationally but below the state average of 54.76%. Compared to the national average of 44.46% cloud cover, Phelps experiences more frequent cloudy days. Despite this, solar panels can still be a practical choice for residents, especially considering the potential savings on electricity bills over time.
Phelps New York Electricity Costs
Phelps residents pay about $0.11/kw for electricity, positioning the area below the national and state averages. The national average for residential electricity costs is $0.13/kw, while New York’s average is slightly higher at $0.15/kw. By installing solar panels, Phelps residents can take advantage of the lower electricity costs and further decrease their reliance on grid power, leading to long-term savings and a more eco-friendly lifestyle.
When could you expect to break even on a solar installation in Phelps New York?
Considering the weather and electricity costs in Phelps, 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:
- Phelps, New York receives slightly less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Phelps, New York are slightly lower than the national average, but still conducive for generating solar power.
- The cloud cover in Phelps, New York is slightly higher than the national average, which may affect solar panel efficiency.
Now, let’s consider the electricity costs:
- Residents in Phelps, New York pay a bit less for electricity compared to the national average, which can impact the savings from solar power.
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 need to purchase as much from the grid.
- With Phelps, New York’s lower electricity rates, the savings may be slightly lower than in other areas.
After analyzing the data, it appears that it would take approximately 5-7 years to cover the initial cost of the solar panels in Phelps, New York. This means that after 5-7 years, the savings on electricity bills will begin to offset the investment. Additionally, since solar panels have a long lifespan, you will continue to benefit from these savings for many years beyond the break-even point. Investing in solar power is not only financially beneficial but also environmentally friendly.
Investing in solar power in Phelps New York
Installing solar panels in Phelps, New York could result in significant long-term savings on electricity bills. Despite slightly lower precipitation, UV ratings, and higher cloud cover compared to national averages, solar energy remains a viable and financially beneficial option for residents. With electricity costs below national averages, the initial investment in solar panels can be recouped in approximately 5-7 years. This means that residents can enjoy years of savings and contribute to a more sustainable lifestyle by making the switch to solar power.