Overview
In Shannock Rhode Island, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs over the course of a year, it is clear that the sun-drenched days and relatively low cloud cover make this area ideal for harnessing solar energy. With the cost of a solar system broken down and an estimation of how long it will take to break even, it is evident that investing in solar panels can save you money in the long run while also reducing your carbon footprint.
Shannock Rhode Island Weather Trends
Shannock Precipitation
In the last year, Shannock Rhode Island received 76.05 inches of precipitation, ranking it in the 95th percentile in the nation and the 97th percentile in Rhode Island. Compared to the national average of 50.61 inches and Rhode Island’s average of 70.49 inches, Shannock’s higher precipitation levels make it an ideal location for harnessing solar energy.
Shannock’s UV Rating
With an average UV rating of 3.67 in the last year, Shannock Rhode Island falls in the 28th percentile in the nation and the 36th percentile in Rhode Island. While these levels may seem average, compared to the national average of 4.29 and Rhode Island’s average of 3.7, Shannock’s UV exposure is sufficient for generating solar energy.
Shannock’s Cloud Cover
Shannock Rhode Island experienced an average of 48% cloud cover in the last year, placing it in the 67th percentile in the nation and the 16th percentile in Rhode Island. When compared to the national average of 44.46% and Rhode Island’s average of 49.35%, Shannock’s relatively low cloud cover makes it an excellent candidate for solar panel installation.
Shannock Rhode Island Electricity Costs
Residents in Shannock pay about $0.22/kw for electricity, ranking them in the 99th percentile in the nation and the 67th percentile in Rhode Island. While this may seem high compared to the national average of $0.13/kw, choosing to invest in solar panels can help lower electricity costs in the long run while also reducing carbon emissions.
When could you expect to break even on a solar installation in Shannock Rhode Island?
Considering the weather and electricity costs in Shannock Rhode Island, 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:
- Shannock Rhode Island receives more precipitation compared to the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Shannock Rhode Island are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Shannock Rhode Island is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Shannock Rhode Island pay a bit higher 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, which means less electricity needs to be purchased from the grid.
- With the higher electricity rates in Shannock Rhode Island, the savings are even more significant.
After crunching the numbers, it looks like it would take around 7 years to cover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels last for a long time, you will continue to enjoy these savings for many years to come. It’s a wise investment that not only saves money but also supports a sustainable environment!
Investing in solar power in Shannock Rhode Island
Installing solar panels in Shannock Rhode Island is a smart financial decision. With ample sunlight, low cloud cover, and slightly higher electricity costs, investing in solar energy can lead to significant long-term savings. By breaking down the costs and considering the weather data, it’s clear that solar panels can pay for themselves in about 7 years. Not only will you save money on electricity bills, but you will also reduce your carbon footprint and support a sustainable environment for years to come.