Overview
Are you a Swansboro resident looking to save money on your electricity bills? Installing solar panels on your home could be a cost-effective solution for you. By analyzing weather data specific to Swansboro, North Carolina, we can show you how much money you could potentially save each year by switching to solar energy. With the average cost of electricity in mind, we will break down the initial investment of a solar system and estimate how long it will take for you to break even on your investment. Let’s explore the financial benefits of going solar in Swansboro.
Swansboro North Carolina Weather Trends
Swansboro Precipitation
In the last year, Swansboro North Carolina received 73.6 inches of precipitation, placing it in the 93rd percentile in the nation and the 86th percentile in North Carolina. Compared to the national average of 50.61 inches and North Carolina’s average of 65.54 inches, Swansboro experiences a significant amount of rainfall. This means that solar panels in Swansboro can take advantage of plenty of rainwater for optimal energy production, ensuring a more reliable source of renewable energy.
Swansboro’s UV Rating
Last year, Swansboro North Carolina had an average UV rating of 4.98, ranking it in the 78th percentile in the nation and the 80th percentile in North Carolina. With the national average at 4.29 and North Carolina’s average at 4.72, Swansboro enjoys ample sunshine, making it an ideal location for solar panels. The higher UV rating indicates that solar panels in Swansboro will be more efficient in converting sunlight into electricity, leading to greater energy savings over time.
Swansboro’s Cloud Cover
Swansboro North Carolina had an average of 42% cloud cover last year, placing it in the 39th percentile in the nation and the 64th percentile in North Carolina. With the national average at 44.46% and North Carolina’s average at 42.57%, Swansboro experiences relatively clear skies, allowing for more sunlight to reach solar panels. This means that solar panels in Swansboro will be able to generate more electricity throughout the year, resulting in increased savings on electricity bills.
Swansboro North Carolina Electricity Costs
Residents of Swansboro pay about $0.12/kw for electricity, positioning the town in the 46th percentile in the nation and the 31st percentile in North Carolina. With the national average at $0.13/kw and North Carolina’s average at $0.12/kw, Swansboro residents already enjoy relatively low electricity costs. By investing in solar panels, residents can further reduce their electricity bills and take advantage of the abundant sunlight in Swansboro to generate their own clean and renewable energy.
When could you expect to break even on a solar installation in Swansboro North Carolina?
Considering the weather and electricity costs in Swansboro, 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:
- Swansboro gets more precipitation than the national average, but it still has plenty of sunlight for solar panels to work effectively.
- The UV ratings in Swansboro are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Swansboro is slightly lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Swansboro 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 as much from the grid.
- With Swansboro’s lower electricity rates, the savings are still significant.
After analyzing the data, 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 money saved on electricity bills will begin to accumulate and offset the investment. Additionally, since solar panels have a long lifespan, these savings will continue for many years beyond the initial payback period. Investing in solar energy not only provides financial benefits but also contributes to environmental sustainability.
Investing in solar power in Swansboro North Carolina
Switching to solar energy in Swansboro, North Carolina can be a smart financial decision for residents. By analyzing the weather trends and electricity costs specific to Swansboro, we have determined that it could take approximately 5-6 years to break even on the initial investment of a solar system. This means that residents can start saving money on their electricity bills after this payback period. With the abundant sunlight and relatively low electricity costs in Swansboro, solar panels are a cost-effective and sustainable option for generating clean energy. Investing in solar power not only brings financial benefits but also contributes to a greener environment for future generations.