Are Solar Panels Worth It in Delaware?
The answer is yes, depending on the type of home you have and your intentions with your home.
Did you know the average Delaware resident spends about 0.13 per kilowatt-hour (kWh) and uses about 944 kilowatts (kW) per month? We bet you didn’t because what does that mean to you? Well, it means that on average, Delawareans’ monthly electric bill totals to about $125.00 a month. With that being said, yes, it definitely makes sense to see if you can save money on power.
Solar Facts For Delaware
Average Savings Per Year: $1,117.15 ($93.10 per month)
Estimated Time for the System to Pay for Itself: 18 years, 10 months
Is Solar Worth It in Delaware?: Based on the price of electricity in Delaware (an average of 0.13 per kW) and medium amounts of sun (2% less than average nationwide) in comparison to other states, solar power is 8% more cost effective than the rest of the nation.
Final Opinion: According to Decision Data, Solar panels are somewhat recommended in Delaware.
What Else Should I Know?
A 5kW system will save someone in Delaware about $93.10 on average per month. Delaware residents will usually generate the most power in the month of July. A breakdown of average solar power and savings per month is below.
January – Estimated $71.45 in savings per month
February – Estimated $86.42 in savings per month
March – Estimated $98.79 in savings per month
April – Estimated $101.54 in savings per month
May – Estimated $105.37 in savings per month
June – Estimated $106.07 in savings per month
July – Estimated $108.51 in savings per month
August – Estimated $106.37 in savings per month
September – Estimated $98.75 in savings per month
October – Estimated $89.37 in savings per month
November – Estimated $75.47 in savings per month
December – Estimated $69.06 in savings per month
“This data was pulled from 67 reporting zip codes in Delaware. Stats above assume a 32 square meter (345 square foot) standard-efficiency (15%) 5 kW system costing $21,000 out of pocket. Costs vary, but are generally lower due to federal and local government incentives.”
Visit Decision Data for more information about solar panels in Delaware.
