Overview
Are you a Yerkes Kentucky resident looking to save money on your electricity bills? Installing a solar panel system on your home could be the solution you’ve been searching for. By analyzing 365 days of local weather data and electricity costs, we will show you the financial benefits of making the switch to solar power. We’ll break down the cost of a solar system, estimate the time it will take to break even, and demonstrate how you can start saving money in the long run. Read on to learn more about the potential savings waiting for you with solar panels in Yerkes Kentucky.
Yerkes Kentucky Weather Trends
Yerkes Precipitation
With 51.18 inches of precipitation last year, Yerkes Kentucky is right on par with the national average of 50.61 inches. Compared to the rest of Kentucky, Yerkes falls slightly below the state average of 54.69 inches. By harnessing the power of solar energy, you can still generate electricity even on rainy days, making it a reliable source of energy.
Yerkes’s UV Rating
Yerkes Kentucky had an average UV rating of 4.3, which is higher than the national average of 4.29 but lower than the state average of 4.37. With a max UV rating of 4.68, Yerkes receives a good amount of sun exposure throughout the year, making it an ideal location for solar panel installation. Utilizing solar power can help you take advantage of the abundant sunshine and reduce your reliance on traditional electricity sources.
Yerkes’s Cloud Cover
Yerkes Kentucky experiences an average of 48% cloud cover, which is higher than both the national average of 44.46% and the state average of 45.75%. Despite the cloud cover, Yerkes still has plenty of sunny days to generate electricity using solar panels. By tapping into solar energy, you can offset the impact of cloudy days and ensure a steady stream of power to your home.
Yerkes Kentucky Electricity Costs
Yerkes residents pay $0.12/kw for electricity, which is slightly lower than the national average of $0.13/kw but higher than the state average of $0.11/kw. By installing solar panels, you can significantly reduce your reliance on grid electricity and save money in the long run. With lower electricity costs and potential incentives, switching to solar power can be a financially savvy decision for Yerkes homeowners.
When could you expect to break even on a solar installation in Yerkes Kentucky?
Considering the weather and electricity costs in Yerkes, Kentucky, 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:
- Yerkes, Kentucky, receives slightly more precipitation than the national average, but it still has enough sun for solar panels to be effective.
- The UV ratings in Yerkes, Kentucky, are slightly above the national average, making it a good location for generating solar power.
- Cloud cover in Yerkes, Kentucky, is slightly higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Yerkes, Kentucky, pay slightly less for electricity compared to the national average, at $0.12/kw.
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 purchased from the grid.
- Yerkes, Kentucky’s lower electricity rates mean savings will be slightly lower compared to other areas.
After doing the math, it appears that it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Keep in mind that solar panels have a long lifespan, so beyond that initial period, you’ll enjoy those savings for many years to come. Investing in solar energy is a wise decision to save money and contribute to environmental sustainability!
Investing in solar power in Yerkes Kentucky
Switching to solar power in Yerkes, Kentucky can offer significant financial benefits for homeowners. By analyzing the local weather data and electricity costs, we’ve shown that investing in a solar panel system can lead to long-term savings. With slightly higher precipitation and cloud cover, but ample sunshine, Yerkes is a suitable location for solar energy production. Considering the lower electricity costs in the area, it would take approximately 6 years to break even on the initial investment in solar panels. Beyond that point, homeowners can continue to save money and reduce their reliance on traditional electricity sources. Choosing solar power is not only a smart financial decision but also a step towards environmental sustainability for the community of Yerkes, Kentucky.