Overview
In West Memphis, Arkansas, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs over the course of a year, we have determined that the city’s climate is ideal for utilizing solar energy. With the cost of a solar system broken down and the estimated time it will take to break even calculated, it is clear that investing in solar power is a smart decision for residents looking to save money on electricity bills in the long run.
West Memphis Arkansas Weather Trends
West Memphis Precipitation
With West Memphis Arkansas receiving 48.58 inches of precipitation in the last year, it is clear that the city experiences a moderate amount of rainfall. This puts West Memphis in the 45th percentile in the nation and the 17th percentile in Arkansas. While West Memphis falls slightly below the national and state averages for total precipitation, the city’s climate still provides enough rain to support the use of solar panels efficiently.
West Memphis’s UV Rating
In the last year, West Memphis Arkansas had an average UV rating of 5.08, which is higher than both the national average of 4.29 and Arkansas’s average of 5.13. This places West Memphis in the 80th percentile in the nation and the 53rd percentile in the state. The city also had an average max UV rating of 5.47, further highlighting the favorable conditions for harnessing solar energy. With abundant sunlight, investing in solar panels in West Memphis is a wise choice.
West Memphis’s Cloud Cover
West Memphis Arkansas had an average of 37% cloud cover in the last year, placing the city in the 18th percentile in the nation and the 18th percentile in Arkansas. Compared to the national average of 44.46% and Arkansas’s average of 38.77%, West Memphis experiences relatively clear skies, making it an ideal location for solar panel installation. With a significant number of days featuring low cloud cover, residents can expect consistent sunlight for solar energy production.
West Memphis Arkansas Electricity Costs
Residents of West Memphis Arkansas pay about $0.09/kw for electricity, which is substantially lower than the national average of $0.13/kw and Arkansas’s average of $0.11/kw. This low cost of electricity in West Memphis makes investing in solar panels even more attractive, as homeowners can save money in the long run by generating their own clean and renewable energy. With the combination of favorable weather conditions and affordable electricity rates, installing solar panels in West Memphis is a smart financial decision.
When could you expect to break even on a solar installation in West Memphis Arkansas?
Considering the weather and electricity costs in West Memphis, Arkansas, 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:
- West Memphis gets slightly less precipitation than the national average, making it suitable for solar panels to work effectively.
- The UV ratings in West Memphis are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in West Memphis is below the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in West Memphis pay less for electricity compared to the national average, at $0.09/kw.
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 purchase as much from the grid, especially with West Memphis’ lower electricity rates.
After crunching the numbers, it appears that it would take around 6 to 7 years to cover the initial cost of the solar panels. This means that after 6 to 7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Plus, with solar panels lasting for up to 30 years, there will be many years of savings and benefits to enjoy. Investing in solar energy is not only cost-effective but also environmentally friendly in the long run!
Investing in solar power in West Memphis Arkansas
With advantageous weather conditions, affordable electricity rates, and a relatively short payback period, investing in solar panels in West Memphis, Arkansas is a smart financial choice for homeowners. The combination of abundant sunlight, low precipitation, and clear skies make it an ideal location for harnessing solar energy. Based on our analysis, residents can expect to break even on their initial investment in solar panels within 6 to 7 years, with many more years of saving on electricity bills to come. Ultimately, installing solar panels in West Memphis is a reliable way to save money and reduce carbon footprint for years to come.