Overview
In Randolph, Minnesota, installing solar panels on your home can lead to significant financial benefits. By analyzing a year’s worth of weather data and electricity costs, we can show you how quickly a solar system can pay for itself in this area. With an average of 203 days of sunshine per year, you can take advantage of the abundant sunlight to save on your electricity bills. Let’s break down the costs and show you how going solar can be a smart investment for your home in Randolph.
Randolph Minnesota Weather Trends
Randolph Precipitation
With Randolph receiving 36.6 inches of precipitation last year, the town is in the 21st percentile in the nation and the 48th percentile in Minnesota for total precipitation. Comparatively, the national average is 50.61 inches, and Minnesota’s average is 37.31 inches. This means that Randolph’s relatively lower precipitation levels make it an ideal location for harnessing the power of solar energy.
Randolph’s UV Rating
Last year, Randolph had an average UV rating of 3.72, placing the town in the 31st percentile in the nation and the 75th percentile in Minnesota. In comparison, the national average UV rating is 4.29, and Minnesota’s average is 3.6. With an average max UV rating of 3.95, Randolph is in the 30th percentile nationwide and the 74th percentile statewide. These ratings indicate ample sunlight for solar panel efficiency, making Randolph a prime location for solar panel installations.
Randolph’s Cloud Cover
Recording an average of 46% cloud cover last year, Randolph falls in the 56th percentile in the nation and the 31st percentile in Minnesota. The national average for cloud cover is slightly lower at 44.46%, while Minnesota’s average is slightly higher at 48.96%. Additionally, Randolph experienced a balance of different cloud cover percentages throughout the year, providing a variety of conditions suitable for solar energy production.
Randolph Minnesota Electricity Costs
Residents of Randolph pay around $0.14 per kilowatt-hour for electricity, placing the town in the 83rd percentile nationwide and the 74th percentile in Minnesota for residential electricity costs. Comparatively, the national average for electricity is $0.13/kw, aligning closely with Minnesota’s average of $0.13/kw. By making the switch to solar energy, Randolph residents can not only reduce their carbon footprint but also save money on their electricity bills in the long run.
When could you expect to break even on a solar installation in Randolph Minnesota?
Considering the weather and electricity costs in Randolph, Minnesota, 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:
- Randolph gets less precipitation compared to the national average, and has average UV ratings and cloud cover, making it a good location for solar panels.
Now, let’s consider the electricity costs:
- Residents in Randolph pay a bit 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, which means we don’t need to buy as much from the grid.
- With Randolph’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 6 years to cover the initial cost of the solar panels. That means, after 6 years, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in Randolph Minnesota
Installing solar panels in Randolph, Minnesota can be a wise financial decision. With the town’s favorable weather conditions and slightly higher electricity costs, residents can expect to break even on their investment in solar panels in approximately 6 years. After that initial period, the savings on electricity bills will continue to accumulate for many years to come. Going solar not only saves money but also contributes to a greener environment. Consider the benefits of solar energy for your home in Randolph today!