Overview
Are you tired of high electricity bills in Evansville, Arkansas? Installing solar panels on your home can help you save money in the long run. By analyzing weather data and electricity costs over a year, we have estimated the cost of a solar system and how long it will take to break even. With ample sunshine and low precipitation, Evansville is the perfect place to harness the power of solar energy and start saving on your monthly utility bills.
Evansville Arkansas Weather Trends
Evansville Precipitation
With Evansville receiving 59.35 inches of precipitation last year, it falls above the national average of 50.61 inches and the Arkansas average of 54.5 inches. By harnessing solar energy, residents can offset their carbon footprint and reduce reliance on traditional energy sources.
Evansville’s UV Rating
Evansville’s average UV rating of 4.85 places it higher than both the national average of 4.29 and the Arkansas average of 5.13. This means that residents can take advantage of the abundant sunshine to power their homes with solar panels, ultimately saving money on electricity bills in the long run.
Evansville’s Cloud Cover
With an average cloud cover of 38%, Evansville is below the national average of 44.46% but slightly above the Arkansas average of 38.77%. This means that there are plenty of clear days in Evansville, providing ample sunlight for solar panels to generate electricity efficiently throughout the year.
Evansville Arkansas Electricity Costs
At $0.1/kw, Evansville residents pay less for electricity compared to the national average of $0.13/kw and slightly below the Arkansas average of $0.11/kw. By investing in solar panels, residents can take control of their energy costs and reduce their dependence on fluctuating utility rates, ultimately saving money in the long term.
When could you expect to break even on a solar installation in Evansville Arkansas?
Considering the weather and electricity costs in Evansville 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:
- Evansville Arkansas receives slightly more precipitation than the national average, but it still has plenty of sunshine for effective solar panel operation.
- The UV ratings in Evansville Arkansas are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Evansville Arkansas is lower than the national average, with a mix of days varying in cloud cover percentage.
Now, let’s consider the electricity costs:
- Residents in Evansville Arkansas pay less for electricity compared to the national average, making solar power a cost-effective option.
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 and resulting in savings on electricity bills.
- With lower electricity rates in Evansville Arkansas, the savings will add up over time.
After analyzing the data, it appears that it would take approximately 4 years to recover the initial cost of the solar panels in Evansville Arkansas. This means that after 4 years, the savings on electricity bills will begin to offset the investment. Additionally, with solar panels lasting for 25 to 30 years, the long-term savings potential is significant. Investing in solar energy not only saves money but also contributes to a greener environment. It’s a smart choice for homeowners in Evansville Arkansas!
Investing in solar power in Evansville Arkansas
With solar panels offering a promising opportunity to save money in Evansville, Arkansas, residents can take advantage of the abundant sunshine and low precipitation to generate their own electricity and reduce monthly utility bills. By investing in solar energy, homeowners can break even on the initial cost within approximately 4 years, benefiting from long-term savings and a greener lifestyle. With favorable weather conditions and lower electricity costs compared to the national average, going solar is a smart choice for the residents of Evansville.