Overview
If you live in Shannon, North Carolina, installing solar panels on your home could save you a significant amount of money in the long run. By using weather data and electricity costs specific to Shannon, we have calculated the cost of a solar system and estimated how long it will take for you to break even. With plenty of sunshine and low levels of precipitation, Shannon is an ideal location for generating solar power. This article will show you the financial benefits of switching to solar energy and how it can help you save on your electricity bills.
Shannon North Carolina Weather Trends
Shannon Precipitation
With Shannon, North Carolina receiving 73.17 inches of precipitation in the last year, it is evident that the area experiences above-average rainfall. However, when compared to the rest of the nation, Shannon falls within the 93rd percentile, while in North Carolina, it is in the 85th percentile. This level of precipitation is higher than both the national average of 50.61 inches and the state average of 65.54 inches.
Shannon’s UV Rating
Shannon, North Carolina boasts an average UV rating of 5, placing it in the 78th percentile nationwide and the 83rd percentile within the state. Compared to the national average of 4.29, and North Carolina’s average of 4.72, Shannon receives a higher level of UV radiation. Additionally, Shannon’s average max UV rating of 5.37 further solidifies its position in terms of solar intensity when contrasted with national and state averages.
Shannon’s Cloud Cover
With an average of 40% cloud cover in the last year, Shannon, North Carolina enjoys relatively clear skies for solar energy generation. This places Shannon in the 27th percentile across the nation and the 10th percentile in North Carolina. When compared to the national average of 44.46% and North Carolina’s average of 42.57%, Shannon experiences lower cloud cover, making it an ideal location for solar panel installation.
Shannon North Carolina Electricity Costs
Residents of Shannon, North Carolina pay around $0.12/kw for electricity, positioning the area in the 46th percentile nationally and the 29th percentile within the state. This cost is slightly below the national average of $0.13/kw and aligns closely with the state average of $0.12/kw. By transitioning to solar power, Shannon residents can take advantage of the region’s moderate electricity costs and further reduce their energy bills over time.
When could you expect to break even on a solar installation in Shannon North Carolina?
Considering the weather and electricity costs in Shannon, North Carolina, 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:
- Shannon, North Carolina receives more precipitation compared to the national average but still gets a good amount of sun for solar panels to be effective.
- The UV ratings in Shannon, North Carolina are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Shannon, North Carolina is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Shannon, North Carolina 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 Shannon’s lower electricity rates, the savings will accumulate over time.
After calculations, it appears that it would take approximately 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the savings on electricity bills will begin to offset the investment. Furthermore, as solar panels have a long lifespan, the savings will continue for many years beyond that initial period. Investing in solar energy is a cost-effective way to save money and contribute to environmental sustainability!
Investing in solar power in Shannon North Carolina
Switching to solar energy in Shannon, North Carolina can be a smart financial move. With abundant sunshine, low levels of precipitation, and moderate electricity costs, residents can expect to break even on their solar panel investment in about 5-6 years. After that initial period, the savings on electricity bills will continue for many years, making solar power a cost-effective and environmentally friendly choice for homeowners in Shannon.