Overview
Are you a Fairbury Nebraska resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data and electricity costs specific to Fairbury, Nebraska, we will show you how a solar system can help you break even and start saving money in the long run. Let’s take a closer look at the financial benefits of going solar in your area.
Fairbury Nebraska Weather Trends
Fairbury Precipitation
In the last year, Fairbury Nebraska received 28.87 inches of precipitation, making it drier than most areas in the nation and the state of Nebraska. With the national average for total precipitation at 50.61 inches and Nebraska’s average at 36.89 inches, Fairbury’s lower precipitation levels make it an ideal location for solar panels.
Fairbury’s UV Rating
In the last year, Fairbury Nebraska had an average UV rating of 4.53, which is higher than both the national average of 4.29 and Nebraska’s average of 4.35. Additionally, Fairbury’s average max UV rating of 4.98 is also above the national and state averages. These high UV ratings mean that solar panels in Fairbury can generate more electricity efficiently.
Fairbury’s Cloud Cover
With an average of 36% cloud cover, Fairbury Nebraska experiences fewer cloudy days compared to the national average of 44.46% and Nebraska’s average of 38.62%. This means that solar panels in Fairbury will receive more sunlight throughout the year, leading to increased energy production and potential savings on electricity bills.
Fairbury Nebraska Electricity Costs
Fairbury Nebraska residents pay about $0.09/kw for electricity, which is lower than both the national average of $0.13/kw and Nebraska’s average of $0.1/kw. This lower cost of electricity combined with the ample sunlight and fewer rainy days in Fairbury makes investing in solar panels 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 Fairbury Nebraska?
Considering the weather and electricity costs in Fairbury Nebraska, 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:
- Fairbury Nebraska receives less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Fairbury Nebraska are higher than the national average, providing good conditions for generating solar power.
- Cloud cover in Fairbury Nebraska is below the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Fairbury Nebraska pay slightly less 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, reducing the need to buy as much from the grid.
- With lower electricity rates in Fairbury Nebraska, the savings will still accumulate over time.
After calculating, it looks like it would take around 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the money saved on electricity bills will begin to offset the investment. Remember, solar panels have a long lifespan, so beyond that initial period, you’ll continue to benefit from the savings for many years. It’s a wise investment for both your pocket and the environment!
Investing in solar power in Fairbury Nebraska
Overall, installing solar panels in Fairbury, Nebraska can be a smart financial decision for residents looking to save money on their electricity bills. With lower precipitation levels, higher UV ratings, and less cloud cover than national and state averages, Fairbury provides ideal conditions for generating solar power efficiently. Combine this with the slightly lower electricity costs in the area, and residents can expect to break even on their solar panel investment in about 6-7 years. Beyond that, the savings on electricity bills will continue to accumulate, making solar panels a wise and long-term investment for both your wallet and the environment.