Overview
Are you tired of paying high electricity bills every month? Living in New Underwood, South Dakota, you have access to abundant sunshine throughout the year. By installing solar panels on your home, you can harness this renewable energy source to save money on your utility costs. In this article, we will break down the financial benefits of switching to solar power in New Underwood, including the cost of a solar system and how long it will take to break even on your investment.
New Underwood South Dakota Weather Trends
New Underwood Precipitation
With New Underwood receiving 33.32 inches of precipitation in the last year, you have the perfect opportunity to harness the power of solar energy. While this puts the town in the 16th percentile nationally and 38th percentile within South Dakota, the abundant sunshine throughout the year makes it an ideal location for solar panel installation. Compare this to the national average of 50.61 inches and South Dakota’s average of 34.67 inches, and you can see the potential for significant savings on your utility bills.
New Underwood’s UV Rating
With an average UV rating of 3.95, New Underwood ranks in the 43rd percentile nationally and the 69th percentile within South Dakota. Considering the national average UV rating of 4.29 and South Dakota’s average of 3.96, installing solar panels in New Underwood can help you take advantage of this renewable energy source. Additionally, the town’s average max UV rating of 4.29 further showcases the potential for solar energy generation.
New Underwood’s Cloud Cover
New Underwood experienced an average cloud cover of 32% in the last year, placing it in the 10th percentile nationally and the 4th percentile in South Dakota. Compared to the national average of 44.46% and South Dakota’s average of 40.74%, the town enjoys clear skies for a significant portion of the year. With 184 days of low cloud cover, 93 days of moderate cloud cover, 54 days of high cloud cover, and 33 days of full cloud cover, New Underwood provides ample sunlight for your solar panels.
New Underwood South Dakota Electricity Costs
Residents of New Underwood pay about $0.14/kw for electricity, ranking the town in the 85th percentile nationally and the 96th percentile in South Dakota. Despite the national average of $0.13/kw and South Dakota’s average of $0.11/kw, the higher electricity costs in New Underwood make the switch to solar power even more enticing. By investing in solar panels, you can significantly reduce your electricity expenses and contribute to a greener environment.
When could you expect to break even on a solar installation in New Underwood South Dakota?
Considering the weather and electricity costs in New Underwood, 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:
- New Underwood gets less precipitation than the national average, providing good conditions for solar panels to work effectively.
- The UV ratings are slightly lower than the national average, but still adequate for generating solar power.
- Cloud cover is below the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in New Underwood 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, which means we don’t need to buy as much from the grid.
- With New Underwood’s higher electricity rates, the savings are slightly 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. 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 New Underwood South Dakota
Based on the weather conditions and electricity costs in New Underwood, South Dakota, switching to solar power can be a financially wise decision. With the town’s lower precipitation, moderate UV ratings, and clear skies, solar panels can effectively generate energy. Additionally, the higher electricity costs in New Underwood make the investment in solar panels even more appealing. By installing a standard 10kW solar system, you could break even on your initial investment within around 6 years. After that, you will continue to save money on your electricity bills for many years to come. Making the switch to solar power is not just a smart financial move, but also a way to contribute to a greener environment.