Overview
This article will show you why installing solar panels on your home in Wyoming, Minnesota can save you money in the long run. By looking at the weather data and electricity costs specific to Wyoming, we will break down the cost of a solar system and estimate how long it will take to break even. With the average amount of sun and low amount of precipitation, Wyoming is an ideal location for generating solar power. Let’s explore how going solar can benefit your wallet.
Wyoming Minnesota Weather Trends
Wyoming Precipitation
With an annual precipitation of 30.18 inches, Wyoming, Minnesota is in the 12th percentile in the nation and the 8th percentile in Minnesota. Comparing this to the national average of 50.61 inches and Minnesota’s average of 37.31 inches, it’s clear that Wyoming experiences relatively low precipitation levels. This means less interference with solar panel efficiency due to less cloudy and rainy days.
Wyoming’s UV Rating
Wyoming, Minnesota boasts an average UV rating of 3.56, ranking it in the 21st percentile in the nation and the 46th percentile in Minnesota. Compared to the national average of 4.29 and Minnesota’s average of 3.6, Wyoming receives a decent amount of sunlight. With an average max UV rating of 3.73, Wyoming is still in a good position for solar energy generation.
Wyoming’s Cloud Cover
On average, Wyoming, Minnesota experiences 47% cloud cover, placing it in the 62nd percentile in the nation and the 44th percentile in Minnesota. While this may seem high, it is lower than the national average of 44.46% and close to Minnesota’s average of 48.96%. With a good number of days with clear skies, solar panels in Wyoming will have plenty of sunlight to capture.
Wyoming Minnesota Electricity Costs
Residents of Wyoming, Minnesota pay about $0.14/kw for electricity, positioning the town in the 83rd percentile in the nation and the 73rd percentile in Minnesota. This is slightly higher than the national average of $0.13/kw and on par with Minnesota’s average. By installing solar panels, residents can lower their reliance on traditional energy sources and save money on their electricity bills in the long run.
When could you expect to break even on a solar installation in Wyoming Minnesota?
Considering the weather and electricity costs in Wyoming, 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:
- Wyoming, Minnesota receives less precipitation than the national average, making it conducive for solar panel installation.
- The UV ratings in Wyoming are slightly below the national average but are still sufficient for generating solar power.
- Cloud cover in Wyoming is slightly higher than the national average but varies throughout the year.
Now, let’s consider the electricity costs:
- Residents in Wyoming, Minnesota pay slightly 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 amount purchased from the grid.
- With electricity costs slightly higher in Wyoming, the savings from solar power are increased.
After crunching the numbers, it looks like it would take approximately 7 years to cover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will begin to accumulate and offset the investment cost. Remember, solar panels have a long lifespan, so beyond the break-even point, you’ll continue to reap the benefits of these savings for many more years to come. Investing in solar power is not only financially smart but also environmentally friendly.
Investing in solar power in Wyoming Minnesota
Considering the weather data and electricity costs in Wyoming, Minnesota, it is clear that installing solar panels can be a money-saving investment in the long run. With lower precipitation levels, decent UV ratings, and a good amount of sunlight due to moderate cloud cover, Wyoming is an ideal location for generating solar power. Additionally, residents pay slightly more for electricity compared to the national average, making solar power an attractive alternative. By breaking down the costs, it is estimated that it would take approximately 7 years to break even on the initial investment in solar panels. Beyond that point, the savings on electricity bills will continue to accumulate for many more years, making solar power a smart and environmentally friendly choice for homeowners in Wyoming, Minnesota.