Overview
In Elizabeth, Arkansas, installing solar panels on your home can be a smart financial decision. By utilizing weather data and electricity costs specific to the area, we can estimate the cost of a solar system and determine how long it will take to break even. With the potential for significant savings on electricity bills in the long run, switching to solar power is not only environmentally friendly but also financially rewarding.
Elizabeth Arkansas Weather Trends
Elizabeth Precipitation
With 55.41 inches of precipitation in the last year, Elizabeth, Arkansas is in a good position for solar energy. Ranking in the 60th percentile nationally and the 54th percentile in Arkansas, the area’s weather conditions are suitable for solar panel installation. Compared to the national average of 50.61 inches and Arkansas’s average of 54.5 inches, Elizabeth’s precipitation levels are conducive to harnessing solar power efficiently.
Elizabeth’s UV Rating
Elizabeth, Arkansas boasts an average UV rating of 4.82, placing it in the 73rd percentile nationally and the 16th percentile in Arkansas. With an average max UV rating of 5.28, Elizabeth ranks in the 63rd percentile in the nation and the 23rd percentile in Arkansas. Compared to the national average of 4.29 for UV rating and 4.61 for max UV rating, Elizabeth’s sunny weather makes it an ideal location for solar panel usage.
Elizabeth’s Cloud Cover
Elizabeth, Arkansas experiences an average of 39% cloud cover, positioning it in the 23rd percentile nationally and the 66th percentile in Arkansas. With fewer cloudy days compared to the national average of 44.46% and Arkansas’s average of 38.77%, Elizabeth offers ample sunshine for solar panel efficiency. Additionally, the distribution of cloud cover days allows for consistent energy production throughout the year.
Elizabeth Arkansas Electricity Costs
When it comes to electricity costs, Elizabeth, Arkansas residents pay around $0.11/kw, ranking the area in the 34th percentile nationally and the 85th percentile in Arkansas. With the national average for residential electricity at $0.13/kw and Arkansas’s average at $0.11/kw, Elizabeth’s cost-effective electricity rates make switching to solar power a financially sound decision in the long run.
When could you expect to break even on a solar installation in Elizabeth Arkansas?
Considering the weather and electricity costs in Elizabeth, 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:
- Elizabeth, Arkansas receives slightly more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Elizabeth, Arkansas are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Elizabeth, Arkansas is lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Elizabeth, Arkansas 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 amount needed from the grid.
- With lower electricity rates in Elizabeth, Arkansas, the savings are still significant.
After analyzing the data, it appears that it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the savings on electricity bills will start to accumulate and offset the investment. Since solar panels have a lifespan of 25-30 years, you’ll continue to benefit from these savings for many years to come. It’s an economical and environmentally friendly choice!
Investing in solar power in Elizabeth Arkansas
Switching to solar power in Elizabeth, Arkansas can be a wise financial decision. With favorable weather conditions for solar panel efficiency and cost-effective electricity rates, investing in solar panels can lead to significant savings on electricity bills in the long run. Based on our analysis, it would take around 5-6 years to break even on the initial cost of solar installation, allowing you to enjoy the benefits of reduced energy expenses for decades. Embracing solar power is not only environmentally friendly but also a financially rewarding choice for residents of Elizabeth, Arkansas.