Overview
In Philip, South Dakota, installing solar panels on your home can save you money in the long run. By analyzing data on weather patterns and electricity costs, we can show you how much you could potentially save with a solar system. With information on precipitation, UV ratings, cloud cover, and basic electricity costs, we will break down the financial benefits for you. Stay tuned to learn how investing in solar panels can be a wise financial decision for residents in Philip, South Dakota.
Philip South Dakota Weather Trends
Philip Precipitation
Philip, South Dakota received 32.45 inches of precipitation in the last year, ranking it in the 15th percentile in the nation and the 31st percentile in South Dakota. When compared to the national average of 50.61 inches and South Dakota’s average of 34.67 inches, Philip’s lower levels of precipitation make it an ideal location for solar panel installation, as it means less risk of damage from heavy rains or flooding.
Philip’s UV Rating
In the last year, Philip, South Dakota had an average UV rating of 4.03, placing it in the 47th percentile in the nation and the 84th percentile in South Dakota. Compared to the national average of 4.29 and South Dakota’s average of 3.96, Philip’s higher UV ratings indicate that there is ample sunlight to harness for solar energy production. This makes it a prime location for solar panel installation to maximize energy output.
Philip’s Cloud Cover
Philip, South Dakota had an average of 35% cloud cover in the last year, ranking it in the 14th percentile in the nation and the 14th percentile in South Dakota. With the national average for average cloud cover at 44.46% and South Dakota’s average at 40.74%, Philip’s lower cloud cover signifies more clear, sunny days for efficient solar energy generation. This makes it a favorable location for installing solar panels for optimal performance.
Philip South Dakota Electricity Costs
Residents of Philip, South Dakota pay about $0.13/kw for electricity, placing them in the 80th percentile in the nation and the 89th percentile in South Dakota. With the national average for residential electricity also at $0.13/kw and South Dakota’s average at $0.11/kw, choosing to install solar panels can significantly reduce electricity costs in Philip. This makes investing in solar energy a financially wise decision for residents looking to save money in the long run.
When could you expect to break even on a solar installation in Philip South Dakota?
Considering the weather and electricity costs in Philip, 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:
- Philip, South Dakota receives less precipitation than the national average, making it favorable for solar panel efficiency.
- The UV ratings in Philip, South Dakota are slightly lower than the national average, but still conducive to generating solar power effectively.
- Cloud cover in Philip, South Dakota is lower than the national average, providing more opportunity for sunlight for solar panels.
Now, let’s consider the electricity costs:
- Residents in Philip, South Dakota pay an average of $0.13/kw for electricity, which is in line with 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:
- By generating electricity with the solar panels, residents in Philip, South Dakota can reduce their reliance on the grid, thus saving money on electricity bills.
- Considering the average electricity costs, the savings from using solar power can help offset the initial investment in the solar panels.
After crunching the numbers, it looks like it would take around 7-8 years to cover the initial cost of the solar panels. This means that after 7-8 years, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels last for a long time, residents in Philip, South Dakota can continue to enjoy those savings for many years to come. Investing in solar power not only helps save money in the long run but also contributes to a more sustainable future.
Investing in solar power in Philip South Dakota
Installing solar panels in Philip, South Dakota can provide significant long-term financial benefits for residents. With lower precipitation levels, higher UV ratings, and less cloud cover than national averages, Philip is an optimal location for solar panel efficiency. Additionally, with electricity costs aligning with the national average, investing in solar energy can save residents money in the long run. By breaking down the data and calculating the potential savings, it is clear that residents could expect to break even on their solar installation within 7-8 years. Not only does this investment lead to financial savings, but it also promotes a more sustainable future for the community.