Overview
In Tiverton, Rhode Island, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and basic electricity costs over the course of a year, it is clear that Tiverton residents can save money on their energy bills by making the switch to solar. This article will break down the cost of a solar system, estimate the time it will take to break even, and showcase the long-term financial advantages of investing in solar energy for your home.
Tiverton Rhode Island Weather Trends
Tiverton Precipitation
With 73.71 inches of precipitation in the last year, Tiverton is in the 93rd percentile in the nation and the 79th percentile in Rhode Island. Compared to the national average of 50.61 inches, Tiverton sees a significantly higher amount of precipitation. While Rhode Island’s average is 70.49 inches, Tiverton still stands out. By harnessing the power of solar energy, Tiverton residents can take advantage of all this rain to generate electricity for their homes.
Tiverton’s UV Rating
With an average UV rating of 3.68, Tiverton is in the 29th percentile in the nation and the 42nd percentile in Rhode Island. Compared to the national average of 4.29, Tiverton receives slightly lower UV levels. However, with an average max UV rating of 3.86, Tiverton is in the 27th percentile in the nation and the 35th percentile in Rhode Island. By installing solar panels, Tiverton residents can still benefit from the sun’s energy despite slightly lower UV levels compared to the national average.
Tiverton’s Cloud Cover
With an average of 50% cloud cover, Tiverton is in the 73rd percentile in the nation and the 65th percentile in Rhode Island. While the national average for cloud cover is 44.46%, Rhode Island’s average is slightly higher at 49.35%. Despite the varying levels of cloud cover throughout the year, Tiverton residents can still capitalize on sunny days to generate solar energy for their homes, reducing their reliance on traditional electricity sources.
Tiverton Rhode Island Electricity Costs
Residents of Tiverton pay about $0.22/kw for electricity, placing them in the 99th percentile in the nation and the 67th percentile in Rhode Island. Even though the national average for residential electricity is $0.13/kw, Tiverton’s costs are higher. By switching to solar panels, Tiverton residents can significantly reduce their electricity bills over time and take control of their energy expenses.
When could you expect to break even on a solar installation in Tiverton Rhode Island?
Considering the weather and electricity costs in Tiverton Rhode Island, 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:
- Tiverton Rhode Island receives more precipitation than the national average, but it still has enough sunlight for solar panels to work effectively.
- The UV ratings in Tiverton Rhode Island are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Tiverton Rhode Island is slightly higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Tiverton Rhode Island 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, reducing the need to purchase as much from the grid.
- Given the higher electricity rates in Tiverton Rhode Island, the savings from using solar power are even more significant.
After analyzing the data, it appears that it would take approximately 8 years to cover the initial cost of the solar panels. This means that after 8 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many more years. Investing in solar panels is a wise way to save money and contribute to environmental sustainability in the long run!
Investing in solar power in Tiverton Rhode Island
After examining the weather trends and electricity costs in Tiverton, Rhode Island, it is clear that investing in solar panels for your home can lead to significant financial benefits. With higher precipitation levels and slightly lower UV ratings, Tiverton still receives enough sunlight to generate solar power effectively. Despite paying more for electricity compared to the national average, residents can expect to break even on their investment in solar panels in approximately 8 years. Not only will this lead to long-term savings on energy bills, but it also contributes to environmental sustainability. Making the switch to solar energy in Tiverton is a smart financial decision with lasting benefits!