Overview
In Powell, Tennessee, investing in solar panels for your home can lead to significant financial benefits. By taking into account the weather data and electricity costs specific to the area, we can estimate how long it will take to break even on the cost of installing a solar system. With plenty of sunshine throughout the year and increasing electricity rates, going solar can not only help you save money in the long run but also contribute to a more sustainable future for your community.
Powell Tennessee Weather Trends
Powell Precipitation
With 62.07 inches of precipitation in the last year, Powell, Tennessee falls in the 75th percentile both nationally and within the state. Compared to the national average of 50.61 inches, Powell is receiving a significant amount of rain, which can impact energy generation. However, this higher level of precipitation can also keep panels clean, improving their efficiency over time.
Powell’s UV Rating
Having an average UV rating of 4.61 places Powell in the 68th percentile nationwide and the 44th percentile in Tennessee. While the UV rating in Powell is slightly below the state average of 4.65, it is still higher than the national average of 4.29. This level of UV radiation is ideal for harnessing solar energy and can help increase the efficiency of solar panels installed on your home.
Powell’s Cloud Cover
With an average of 44% cloud cover, Powell ranks in the 51st percentile across the country and the 62nd percentile in Tennessee. While the cloud cover in Powell is slightly higher than the national average of 44.46%, it is lower than the state average of 43.78%. The distribution of cloud cover throughout the year offers ample opportunities for solar panel systems to generate electricity efficiently.
Powell Tennessee Electricity Costs
Residents of Powell, Tennessee pay about $0.11 per kilowatt-hour for electricity, placing them in the 30th percentile nationally and the 50th percentile within the state. Compared to the national average of $0.13/kw, Powell’s electricity costs are relatively lower. By investing in solar panels, homeowners in Powell can not only save money on their energy bills but also contribute to a more sustainable future for their community.
When could you expect to break even on a solar installation in Powell Tennessee?
Considering the weather and electricity costs in Powell, 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:
- Powell, Tennessee receives more precipitation compared to the national average, but still has sunny days suitable for solar panels.
- The UV ratings in Powell are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Powell is close to the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Powell, Tennessee pay less for electricity compared to the national average, making solar power 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 purchased from the grid.
- With lower electricity rates in Powell, the savings from using solar power are significant.
Based on the calculations, it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will begin to offset the investment. Considering the long lifespan of solar panels, the savings will continue for many years, making it a wise financial and environmental choice.
Investing in solar power in Powell Tennessee
Investing in solar panels in Powell, Tennessee can be a smart financial decision. With ample sunshine and lower electricity costs compared to the national average, homeowners can expect to break even on the initial investment in approximately 6 years. Not only will this save money in the long run, but it will also contribute to a more sustainable future for Powell and its residents. By harnessing the power of solar energy, individuals can take a step towards reducing their carbon footprint and embracing renewable resources for a brighter tomorrow.