Overview
Solar panels can save you money on your electricity bills and help the environment. In this article, we will explore the financial benefits of installing solar panels on your home in Solomons Maryland. By analyzing weather data and electricity costs specific to this area, we will show you how quickly you can break even on the cost of a solar system. Let’s dive in and see how going solar can benefit your wallet.
Solomons Maryland Weather Trends
Solomons Precipitation
With 57.62 inches of precipitation in the last year, Solomons Maryland falls in the 65th percentile nationwide and the 53rd percentile within Maryland. Comparatively, the national average for total precipitation is 50.61 inches, and Maryland’s average is 56.5 inches. This means that Solomons experiences a good amount of precipitation, making it an ideal location for harnessing solar energy.
Solomons’s UV Rating
In the last year, Solomons Maryland boasted an average UV rating of 4.37, placing it in the 61st percentile across the country and the 79th percentile within Maryland. When looking at the national average of 4.29 and Maryland’s average of 4.26, it’s clear that Solomons receives ample sunlight for solar panel efficiency. Additionally, with an average max UV rating of 4.66, Solomons is in a great position to benefit from solar energy.
Solomons’s Cloud Cover
On average, Solomons Maryland had a 43% cloud cover in the last year, ranking it in the 44th percentile nationwide and the 33rd percentile within Maryland. Compared to the national average of 44.46% and Maryland’s average of 43.89%, Solomons experiences moderate cloud cover, allowing for plenty of sunshine to reach solar panels. With numerous days featuring low to moderate cloud cover, Solomons offers optimal conditions for solar energy production.
Solomons Maryland Electricity Costs
Residents in Solomons Maryland pay around $0.11/kw for electricity, placing them in the 42nd percentile nationwide and the 22nd percentile within Maryland. In comparison, the national average for residential electricity is $0.13/kw, and Maryland’s average is also $0.13/kw. With relatively lower electricity costs, installing solar panels can lead to significant savings in the long run while also benefiting the environment.
When could you expect to break even on a solar installation in Solomons Maryland?
Considering the weather and electricity costs in Solomons Maryland, 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:
- Solomons Maryland receives more precipitation than the national average, but it still has enough sunlight for effective solar panel operation.
- The UV ratings in Solomons Maryland are slightly higher than the national average, making it a good location for generating solar power.
- Cloud cover in Solomons Maryland is slightly below the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Solomons Maryland 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 need to purchase from the grid.
- With the lower electricity rates in Solomons Maryland, the savings may not be as significant as in other locations.
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 accumulate and pay off the investment. Keep in mind that solar panels have a long lifespan, so you will continue to reap the benefits for many years to come. Investing in solar panels is a wise decision that not only saves money but also contributes to a cleaner environment.
Investing in solar power in Solomons Maryland
Installing solar panels in Solomons Maryland can be a smart financial decision. With favorable weather conditions and relatively lower electricity costs in the area, you could expect to break even on the cost of a solar system in around 7-8 years. This means that after that initial period, you will start saving money on your electricity bills and contribute to a cleaner environment. Investing in solar energy in Solomons Maryland is a win-win situation for your wallet and the planet.