Overview
Living in South Yarmouth, Massachusetts, you may be wondering if installing solar panels on your home is worth it. By analyzing weather data and electricity costs, we have found that solar panels can save you money in the long run. With the amount of sunlight this area receives, a solar system could easily pay for itself within a few years. Let’s take a closer look at the financial benefits of going solar in South Yarmouth.
South Yarmouth Massachusetts Weather Trends
South Yarmouth Precipitation
With 69.1 inches of precipitation in the last year, South Yarmouth is in the 87th percentile in the nation and the 56th percentile in Massachusetts. This means South Yarmouth receives more rainfall than most parts of the country and state. Installing solar panels can help offset the impact of rainy weather by producing clean energy even on cloudy days.
South Yarmouth’s UV Rating
South Yarmouth’s average UV rating of 3.54 in the last year puts it in the 21st percentile in the nation and the 26th percentile in Massachusetts. While the UV rating may be lower than some areas, it is still sufficient for solar energy production. With proper installation, solar panels can generate electricity even on days with less intense sunlight.
South Yarmouth’s Cloud Cover
South Yarmouth experienced an average of 50% cloud cover in the last year, placing it in the 72nd percentile in the nation and the 19th percentile in Massachusetts. Although there were days with varying degrees of cloud cover, solar panels can still harness sunlight to produce energy. By utilizing available sunlight, you can reduce your reliance on traditional electricity sources.
South Yarmouth Massachusetts Electricity Costs
Residents in South Yarmouth pay about $0.22/kw for electricity, ranking them in the 99th percentile in the nation and the 91st percentile in Massachusetts. While electricity costs in South Yarmouth may be higher than the national average of $0.13/kw, investing in solar panels can lead to long-term savings on energy bills. With abundant sunlight and high electricity costs, going solar can be a financially wise decision for South Yarmouth residents.
When could you expect to break even on a solar installation in South Yarmouth Massachusetts?
Considering the weather and electricity costs in South Yarmouth Massachusetts, 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:
- South Yarmouth Massachusetts gets more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings in South Yarmouth Massachusetts are slightly lower than the national average, but they’re still good for generating solar power.
- Cloud cover in South Yarmouth Massachusetts is about average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in South Yarmouth Massachusetts pay more 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 we don’t need to buy as much from the grid.
- With South Yarmouth Massachusetts’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 5 years to cover the initial cost of the solar panels. That means, after 5 years, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in South Yarmouth Massachusetts
Installing solar panels in South Yarmouth, Massachusetts can be a smart financial decision. With the amount of sunlight the area receives and the high electricity costs, investing in solar panels can lead to long-term savings on energy bills. By harnessing available sunlight and reducing reliance on traditional electricity sources, residents can expect to break even on the initial investment within about 5 years. This means that after that period, the money saved on electricity bills will continue to accumulate, making solar panels a beneficial choice for both your wallet and the environment.