Overview
In Terrell, North Carolina, installing solar panels on your home can lead to significant long-term cost savings on your electricity bills. By analyzing weather data and electricity costs specific to the area, we will show you how much money you can save with solar power. With a breakdown of the initial costs of a solar system and an estimation of the breakeven point, you will see the financial benefits of going solar in Terrell.
Terrell North Carolina Weather Trends
Terrell Precipitation
With Terrell North Carolina receiving 61.76 inches of precipitation in the last year, it is clear that the area experiences a significant amount of rain. However, compared to the national average of 50.61 inches, and North Carolina’s average of 65.54 inches, Terrell falls in between. By harnessing the power of solar energy, residents can take advantage of sunny days in between rainy periods to produce electricity for their homes.
Terrell’s UV Rating
Terrell North Carolina had an average UV rating of 4.71 in the last year, indicating moderate sun exposure. This puts Terrell above the national average of 4.29, but slightly below North Carolina’s average of 4.72. With an average max UV rating of 5.11, there are ample opportunities for residents to benefit from solar power by capturing sunlight to generate electricity for their homes.
Terrell’s Cloud Cover
Despite an average cloud cover of 40% in Terrell North Carolina, the area still has plenty of days with clear skies. With 144 days of low cloud cover, residents have numerous opportunities to harness the sun’s energy for their electricity needs. Comparing this to the national average of 44.46% and North Carolina’s average of 42.57%, it is evident that Terrell has favorable conditions for solar energy production.
Terrell North Carolina Electricity Costs
Terrell residents pay about $0.11/kw for electricity, making it more affordable than the national average of $0.13/kw. Although slightly higher than North Carolina’s average of $0.12/kw, Terrell’s electricity costs are still relatively low. By investing in solar panels, residents can significantly reduce their reliance on traditional electricity sources and save money in the long run.
When could you expect to break even on a solar installation in Terrell North Carolina?
Considering the weather and electricity costs in Terrell 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:
- Terrell North Carolina receives more precipitation than the national average, which may impact solar panel efficiency slightly.
- The UV ratings in Terrell North Carolina are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Terrell North Carolina is slightly lower than the national average, providing more sun exposure for solar panels.
Now, let’s consider the electricity costs:
- Residents in Terrell North Carolina pay slightly less for electricity compared to the national average, making solar panels a cost-effective option for energy generation.
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 and saving money on electricity bills.
- With Terrell North Carolina’s lower electricity rates, the savings accumulate faster, helping to recoup the initial cost of the solar panels.
After analyzing the data, it appears that it would take around 7-8 years to cover the initial cost of the solar panels. This means that after this initial period, the savings on electricity bills will start to offset the investment. Since solar panels have a long lifespan, the savings will continue for many years to come, making it a wise financial and environmental decision.
Investing in solar power in Terrell North Carolina
Installing solar panels in Terrell, North Carolina is a smart financial decision for residents looking to save money on their electricity bills. By taking advantage of the area’s moderate sun exposure and relatively low electricity costs, residents can expect to break even on their investment in solar panels within 7-8 years. With a solar system expected to last up to 30 years, the long-term cost savings and environmental benefits make going solar in Terrell a wise choice for homeowners.