Overview
In Corona, South Dakota, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs specific to the area, we will show you how much you can save with a solar system. With a breakdown of costs and an estimate of the payback period, you will see why going solar is a smart investment for residents in Corona.
Corona South Dakota Weather Trends
Corona Precipitation
In the last year, Corona, South Dakota received 37.43 inches of precipitation, ranking it in the 23rd percentile in the nation and the 87th percentile in South Dakota. Comparatively, the national average for total precipitation is 50.61 inches, while South Dakota’s average stands at 34.67 inches. With its lower precipitation levels, Corona offers optimal conditions for solar panel installation, ensuring consistent energy production throughout the year.
Corona’s UV Rating
Over the past year, Corona, South Dakota had an average UV rating of 3.66, placing it in the 27th percentile across the country and the 16th percentile within South Dakota. In comparison, the national average for UV rating is 4.29, and South Dakota’s average is 3.96. Additionally, the city recorded an average max UV rating of 3.86, aligning with its overall UV rating trends. With ample sunlight exposure, solar panels in Corona can maximize energy generation and efficiency.
Corona’s Cloud Cover
Corona, South Dakota had an average of 45% cloud cover last year, positioning it in the 56th percentile nationwide and the 87th percentile in South Dakota. While the national average for cloud cover is 44.46%, South Dakota’s average is slightly lower at 40.74%. With varying degrees of cloud cover throughout the year, Corona offers a balance that allows for consistent solar energy production, making it an ideal location for harnessing solar power.
Corona South Dakota Electricity Costs
Residents of Corona, South Dakota pay approximately $0.1/kw for electricity, placing the city in the 9th percentile nationwide and the 17th percentile within South Dakota. In contrast, the national average for residential electricity is $0.13/kw, with South Dakota’s average slightly lower at $0.11/kw. With relatively affordable electricity rates, investing in solar panels can lead to long-term savings and reduced dependency on traditional utility sources in Corona.
When could you expect to break even on a solar installation in Corona South Dakota?
Considering the weather and electricity costs in Corona, South Dakota, 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:
- Corona gets less precipitation than the national average, which is good for solar panel efficiency.
- The UV ratings in Corona are slightly lower than the national average, but they are still suitable for generating solar power.
- The cloud cover in Corona is around the national average, with some fluctuation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Corona pay less for electricity compared to the national average, which is beneficial for overall savings.
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 you rely less on the grid, saving money on your electricity bill.
- Considering Corona’s lower electricity rates, the savings potential is even higher.
After analyzing the data, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the money saved on electricity bills will start offsetting the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years beyond that initial period. Investing in solar power is a smart way to save money and contribute to a greener environment!
Investing in solar power in Corona South Dakota
With favorable weather conditions for solar energy production and relatively low electricity costs, investing in solar panels in Corona, South Dakota is a wise financial decision. The data analysis shows that residents could break even on their investment in approximately 5 years, leading to long-term savings and reduced reliance on traditional utility sources. By harnessing the power of the sun, residents in Corona can not only save money but also contribute to a greener environment for future generations.