Overview
Are you tired of high electricity bills in Farmington, Arkansas? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data, such as inches of precipitation, average UV ratings, and cloud cover percentage, we can show you how much money you could save each year with solar energy. With the cost of a solar system broken down and an estimate of how long it will take to break even, you can see the financial benefits of choosing solar power for your home.
Farmington Arkansas Weather Trends
Farmington Precipitation
With Farmington receiving 55.94 inches of precipitation last year, you are in a better position than most of the country, ranking in the 61st percentile nationally. Even within Arkansas, Farmington is ahead of the curve at the 56th percentile. Compared to the national average of 50.61 inches and Arkansas’s average of 54.5 inches, Farmington’s precipitation levels present a great opportunity for harnessing solar energy.
Farmington’s UV Rating
Based on an average UV rating of 4.78, Farmington falls in the 72nd percentile across the nation and the 11th percentile in Arkansas. The national average of 4.29 and Arkansas’s average of 5.13 show that Farmington has favorable conditions for solar energy production. Additionally, a max UV rating of 5.18 places Farmington in the 60th percentile nationally and the 14th percentile within the state, further highlighting the solar potential of your location.
Farmington’s Cloud Cover
With an average cloud cover of 38% in Farmington, you have clear skies more often than not, ranking in the 20th percentile nationally and the 36th percentile in Arkansas. The national average of 44.46% and Arkansas’s average of 38.77% indicate that Farmington offers ample sunlight for solar panel efficiency. Having numerous days with minimal cloud cover also enhances the solar energy production potential in your area.
Farmington Arkansas Electricity Costs
Residents of Farmington pay about $0.1/kw for electricity, positioning the town in the 17th percentile nationally and the 32nd percentile within Arkansas. Compared to the national average of $0.13/kw and Arkansas’s average of $0.11/kw, Farmington enjoys relatively lower electricity costs. By investing in solar panels, you can further reduce your energy expenses and take advantage of the financial benefits associated with generating your own clean energy.
When could you expect to break even on a solar installation in Farmington Arkansas?
Considering the weather and electricity costs in Farmington, 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:
- Farmington gets slightly more rain than the national average, but still has enough sunshine for solar panels to be effective.
- The UV ratings are above average, making it a good location for generating solar power.
- Cloud cover is lower than the national average, with some variability throughout the year.
Now, let’s consider the electricity costs:
- Residents in Farmington pay less for electricity compared to the national average, which can impact the savings from using solar power.
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, especially in a location like Farmington.
- With lower electricity rates, the savings may take longer to cover the initial cost of the solar panels.
After analyzing the data, it looks like it would take around 8 years to cover the initial cost of the solar panels in Farmington. This means that after 8 years, the money saved on electricity bills will start to offset the investment. And since solar panels last for many years, those savings will continue to accumulate over time. It’s a wise choice for both your wallet and the environment!
Investing in solar power in Farmington Arkansas
With the favorable weather conditions in Farmington, Arkansas, and relatively lower electricity costs compared to the national average, investing in solar panels could lead to significant savings on your energy bills. By analyzing the data on precipitation, UV ratings, cloud cover, and electricity costs, it is evident that installing a solar system could allow you to break even on your investment in approximately 8 years. Not only will you start saving money on electricity after that point, but you will also be contributing to a cleaner and more sustainable environment. Choosing solar power for your home in Farmington is a smart financial and eco-friendly decision.