Overview
In Philadelphia, Mississippi, installing solar panels can save you money in the long run. By looking at the weather data and electricity costs over a year, we can estimate how quickly you can break even on the cost of a solar system. With the amount of sunlight the area receives, investing in solar panels can significantly reduce your monthly electricity bills, making it a financially wise decision for homeowners in Philadelphia.
Philadelphia Mississippi Weather Trends
Philadelphia Precipitation
In the last year, Philadelphia Mississippi received 62.44 inches of precipitation, which is above the national average of 50.61 inches. While Philadelphia falls in the 75th percentile in the nation, it ranks in the 68th percentile in Mississippi. With higher precipitation levels than most areas, investing in solar panels can help offset energy costs even during rainy periods.
Philadelphia’s UV Rating
Last year, Philadelphia Mississippi had an average UV rating of 5.25, placing it in the 84th percentile nationally. Despite this, Philadelphia ranks in the 37th percentile in Mississippi. The higher UV rating compared to other areas in the state and country means that solar panels in Philadelphia can generate more electricity efficiently and effectively, making it a smart investment for homeowners.
Philadelphia’s Cloud Cover
Philadelphia Mississippi experienced an average of 42% cloud cover over the last year, below the national average of 44.46%. However, the city ranks in the 79th percentile in Mississippi. With 124 days of minimal cloud cover and fewer cloudy days than the national average, solar panels in Philadelphia can capture more sunlight, maximizing energy production throughout the year.
Philadelphia Mississippi Electricity Costs
Residents of Philadelphia pay about $0.11/kw for electricity, which is lower than the national average of $0.13/kw. Although Philadelphia falls in the 38th percentile nationally and the 45th percentile in Mississippi, the lower electricity costs combined with ample sunlight make installing solar panels a cost-effective choice for homeowners in Philadelphia, ultimately saving money on monthly electricity bills in the long run.
When could you expect to break even on a solar installation in Philadelphia Mississippi?
Considering the weather and electricity costs in Philadelphia, Mississippi, 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:
- Philadelphia gets more rain than the national average, which can affect solar panel efficiency, but overall it still receives a good amount of sunlight.
- The UV ratings in Philadelphia are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in Philadelphia is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Philadelphia pay slightly less for electricity compared to the national average, which can impact the savings from using 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 amount needed from the grid and saving money on electricity bills.
- Given Philadelphia’s lower electricity costs, the savings may not be as high compared to areas with higher electricity rates.
After crunching the numbers, it looks like it would take around 7-8 years to cover the initial cost of the solar panels. This means that after 7-8 years, the money saved on electricity bills will start to add up, making the investment worthwhile. And remember, solar panels last for a long time, so beyond that initial period, you’ll continue to see savings for many years to come. It’s a wise financial decision that also contributes to a greener environment!
Investing in solar power in Philadelphia Mississippi
Installing solar panels in Philadelphia, Mississippi can be a smart financial decision for homeowners. With higher than average UV ratings and lower than average precipitation, solar panels in Philadelphia can generate more electricity efficiently. Combine this with slightly lower electricity costs than the national average, and homeowners can expect to break even on the initial cost of solar panel installation in approximately 7-8 years. Not only will this investment save money in the long run, but it will also contribute to a greener environment. Overall, investing in solar panels in Philadelphia is a wise choice for both your wallet and the planet.