Overview
If you live in Bassett, Arkansas, investing in solar panels for your home can significantly reduce your electricity costs and save you money in the long run. By analyzing weather data specific to Bassett, such as inches of precipitation, average max UV rating, average UV rating, and average percentage of cloud cover, we can estimate the potential savings of a solar system over 365 days. Additionally, we will break down the cost of installing solar panels and provide an estimate of how long it will take for you to break even on your investment. Outlining the financial benefits of switching to solar power can help you make an informed decision on whether solar panels are the right choice for your home in Bassett, Arkansas.
Bassett Arkansas Weather Trends
Bassett Precipitation
With Bassett, Arkansas receiving 56.29 inches of precipitation in the last year, it is important to note that this places the area above the national average of 50.61 inches. Compared to the rest of Arkansas, Bassett ranks slightly higher at the 59th percentile. By harnessing the power of solar energy, Bassett residents can take advantage of the ample rainfall to generate clean and renewable electricity for their homes.
Bassett’s UV Rating
During the last year, Bassett, Arkansas had an average UV rating of 5.01, ranking it in the 78th percentile nationally and the 41st percentile in Arkansas. The higher UV rating compared to the national average of 4.29 and the state average of 5.13 makes Bassett a prime location for installing solar panels. With abundant sunlight, residents can benefit from increased energy production and savings on their electricity bills.
Bassett’s Cloud Cover
With an average cloud cover of 40% in the last year, Bassett, Arkansas falls below the national average of 44.46%. Despite ranking high at the 91st percentile in Arkansas, the lower cloud cover percentage indicates more sunny days perfect for solar energy production. By opting for solar panels, Bassett residents can capitalize on these clear skies to maximize their energy savings and reduce their reliance on traditional energy sources.
Bassett Arkansas Electricity Costs
Residents of Bassett, Arkansas pay approximately $0.11/kw for electricity, which is on par with the state average and below the national average of $0.13/kw. By investing in solar panels, homeowners can lock in lower electricity costs and protect themselves from future utility rate hikes. With the abundance of sunshine and competitive electricity rates, switching to solar power can offer long-term financial benefits for Bassett residents.
When could you expect to break even on a solar installation in Bassett Arkansas?
Considering the weather and electricity costs in Bassett 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:
- Bassett Arkansas received more precipitation than the national average, but it still has plenty of sunlight for solar panels to be effective.
- The UV ratings are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Bassett Arkansas is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Bassett Arkansas pay 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 purchase electricity from the grid.
- With lower electricity rates in Bassett Arkansas, the savings are still significant.
After analyzing the data, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the money saved on electricity bills will start to accumulate and offset the investment. Additionally, considering the long lifespan of solar panels, the savings will continue for many years beyond the initial payback period. Investing in solar energy is both financially and environmentally beneficial in the long run!
Investing in solar power in Bassett Arkansas
Switching to solar power in Bassett, Arkansas can lead to significant financial benefits over time. With an abundance of sunlight, higher than average UV ratings, and lower cloud cover, the area is well-suited for solar panel installations. Combining these favorable weather conditions with competitive electricity rates in the region, homeowners can expect to break even on their solar investment in approximately 5 years. From that point on, the savings accumulated from reduced electricity costs will continue to grow, making solar energy a smart choice for both the wallet and the environment in Bassett.