Overview
In Tazewell, Tennessee, installing solar panels on your home can lead to significant financial savings in the long run. By analyzing weather data and electricity costs, we can estimate the cost of a solar system and calculate how long it will take for you to break even. With the abundance of sunshine in Tazewell and rising electricity prices, investing in solar panels can be a smart choice for homeowners looking to save money on their energy bills.
Tazewell Tennessee Weather Trends
Tazewell Precipitation
With Tazewell receiving 65.02 inches of precipitation in the last year, it is evident that the town experiences a fair amount of rainfall. However, when compared to the rest of the country, Tazewell falls in the 81st percentile, indicating that it receives more precipitation than most areas in the nation. Additionally, when compared to the Tennessee average, Tazewell still ranks higher, in the 86th percentile. This abundance of rain can benefit homeowners looking to install solar panels as it can help keep the panels clean and improve their efficiency over time.
Tazewell’s UV Rating
With an average UV rating of 4.27 in Tazewell during the last year, residents can enjoy a decent amount of sunlight. While Tazewell ranks in the 57th percentile nationally, it falls in the lower 7th percentile within Tennessee. Comparing this to the national average of 4.29, Tazewell is just slightly below. However, the Tennessee average UV rating is higher at 4.65. The higher amount of sunlight in Tazewell can greatly benefit homeowners with solar panels by increasing energy production and potentially reducing electricity bills.
Tazewell’s Cloud Cover
On average, Tazewell experiences 46% cloud cover, which is higher than the national average of 44.46%. In comparison to the rest of Tennessee, Tazewell falls in the 83rd percentile, indicating more cloud cover than most areas in the state. With varying degrees of cloud cover throughout the year, residents can expect to have days with ample sunshine for their solar panels to harness. This mix of sun and clouds can help maintain a balance in energy production, ensuring a steady flow of electricity for homeowners.
Tazewell Tennessee Electricity Costs
Residents in Tazewell pay about $0.1 per kilowatt-hour for electricity, positioning the town in the 14th percentile nationwide and the 6th percentile within Tennessee. When compared to the national average of $0.13/kw, Tazewell enjoys slightly lower electricity costs. In contrast, the Tennessee average stands at $0.11/kw, making Tazewell’s electricity rates quite competitive. By investing in solar panels, residents can take advantage of these relatively low electricity costs and further reduce their energy expenses over time.
When could you expect to break even on a solar installation in Tazewell Tennessee?
Considering the weather and electricity costs in Tazewell Tennessee, 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:
- Tazewell Tennessee receives more precipitation than the national average, but it still has sufficient sunlight for solar panels to function effectively.
- The UV ratings in Tazewell Tennessee are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Tazewell Tennessee is around the national average, fluctuating throughout the year.
Now, let’s consider the electricity costs:
- Residents in Tazewell Tennessee 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 Tazewell Tennessee’s lower electricity rates, the savings are considerable.
After analyzing the numbers, it appears that it would take approximately 6 years to cover the initial cost of the solar panels. That means, after 6 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Additionally, considering the long lifespan of solar panels, you can enjoy those savings for many years beyond the break-even point. Investing in solar energy is both a financially savvy decision and an environmentally friendly choice!
Investing in solar power in Tazewell Tennessee
Overall, installing solar panels in Tazewell, Tennessee presents a promising opportunity for homeowners to save money on their energy bills. With favorable weather conditions including ample sunshine and slightly lower than average electricity costs, residents can expect to break even on their initial investment in solar panels within approximately 6 years. Not only does this investment offer significant financial savings in the long run, but it also contributes to a more sustainable and environmentally friendly way of generating electricity. By harnessing the power of the sun, residents in Tazewell can enjoy both economic benefits and a greener future for generations to come.