Overview
In Craig, Missouri, installing solar panels on your home can lead to significant financial benefits. By analyzing 365 days of weather data, such as inches of precipitation, UV ratings, and cloud cover, we can estimate the cost of a solar system and how long it will take to break even. With electricity costs on the rise, now is the perfect time to consider making the switch to solar energy and start saving money in the long run.
Craig Missouri Weather Trends
Craig Precipitation
With an annual total of 40.24 inches of precipitation, Craig, Missouri falls below the national average of 50.61 inches and slightly below Missouri’s average of 47.04 inches. This means that Craig receives less rainfall compared to other areas in the country and the state, making it an ideal location for solar panel installation to take advantage of the available sunlight.
Craig’s UV Rating
In the past year, Craig Missouri had an average UV rating of 4.46, ranking it higher than both the national and state averages. This means that Craig receives a good amount of sunlight throughout the year, making it a suitable location for harnessing solar energy. With sufficient sunlight, residents can benefit from increased energy production from solar panels.
Craig’s Cloud Cover
On average, Craig Missouri experiences 38% cloud cover, relatively lower than the national average of 44.46% and Missouri’s average of 39.07%. This lower cloud cover indicates more sunny days, which is beneficial for solar panel efficiency. More sunshine means increased electricity production from solar panels, enabling residents to save money on their electricity bills.
Craig Missouri Electricity Costs
Residents in Craig, Missouri pay about $0.11 per kilowatt-hour for electricity, which is on par with the state average. However, compared to the national average of $0.13/kw, Craig residents are already paying less for electricity. By installing solar panels, residents can further reduce their reliance on grid electricity and potentially save even more money in the long run.
When could you expect to break even on a solar installation in Craig Missouri?
Considering the weather and electricity costs in Craig, Missouri, 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:
- Craig, Missouri receives slightly less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Craig are above the national average, which is great for generating solar power efficiently.
- Cloud cover in Craig is slightly below the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Craig, Missouri pay slightly less for electricity compared to the national average, which is beneficial for savings when using solar power.
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, resulting in savings on electricity bills.
- With Craig’s lower electricity rates, the savings may not be as high compared to areas with higher rates, but they still add up over time.
After analyzing the data, it seems that it would take around 8-10 years to cover the initial cost of the solar panels in Craig, Missouri. This means that after this period, the money saved on electricity bills will start to compensate for the investment. Additionally, since solar panels have a long lifespan, you can continue to benefit from these savings for many more years. Investing in solar energy is not only financially wise but also environmentally friendly, helping both your wallet and the planet.
Investing in solar power in Craig Missouri
With the favorable weather conditions and electricity costs in Craig, Missouri, installing solar panels on your home can be a smart investment. By taking advantage of the ample sunlight and lower cloud cover in the area, residents can expect to break even on their solar system within 8-10 years. After this initial period, the money saved on electricity bills will begin to make up for the cost of the installation. Not only does switching to solar energy save money in the long run, but it also benefits the environment by reducing reliance on traditional energy sources. Therefore, making the switch to solar power in Craig, Missouri is a practical and eco-friendly choice for homeowners looking to save money and reduce their carbon footprint.