Overview
In Edmond, Oklahoma, installing solar panels on your home can lead to significant financial savings over time. By analyzing weather data and electricity costs specific to the area, we can estimate how long it would take to break even on the cost of a solar system. With the sunny climate and low percentage of cloud cover in Edmond, residents can harness the power of the sun to lower their electricity bills and reduce their carbon footprint.
Edmond Oklahoma Weather Trends
Edmond Precipitation
Edmond, Oklahoma, with 48.82 inches of precipitation in the last year, ranks in the 45th percentile in the nation and the 60th percentile in Oklahoma. Comparatively, the national average for total precipitation is 50.61 inches, while Oklahoma’s average is 46.74 inches. With the abundance of rain in Edmond, residents can take advantage of this natural resource to power their homes with solar energy, leading to long-term financial savings.
Edmond’s UV Rating
Edmond, Oklahoma, boasting an average UV rating of 5.2 in the last year, falls in the 83rd percentile in the nation and the 58th percentile in Oklahoma. In comparison, the national average for average UV rating is 4.29, while Oklahoma’s average is 5.2. With such high UV ratings, residents of Edmond can benefit from installing solar panels to harness the sun’s energy and reduce their reliance on traditional electricity sources.
Edmond’s Cloud Cover
Edmond, Oklahoma, experienced an average of 33% cloud cover in the last year, placing it in the 10th percentile in the nation and the 43rd percentile in Oklahoma. The national average for average cloud cover is 44.46%, and Oklahoma’s average is 33.43%. With such low cloud cover percentages, residents in Edmond can expect consistent sunlight for their solar panels to generate electricity efficiently and effectively, leading to increased savings over time.
Edmond Oklahoma Electricity Costs
Residents of Edmond, Oklahoma, pay approximately $0.11/kw for electricity, ranking the city in the 22nd percentile in the nation and the 49th percentile in Oklahoma. In contrast, the national average for residential electricity is $0.13/kw, and Oklahoma’s average is also $0.11/kw. By switching to solar energy, Edmond residents can not only save money on their electricity bills but also contribute to a cleaner environment by reducing their carbon footprint.
When could you expect to break even on a solar installation in Edmond Oklahoma?
Considering the weather and electricity costs in Edmond, Oklahoma, 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:
- Edmond gets slightly less rain than the national average, making it a good location for solar panels.
- The UV ratings in Edmond are higher than the national average, providing good conditions for generating solar power.
- Cloud cover in Edmond is lower than the national average, with a good number of clear days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Edmond pay slightly 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 Edmond’s lower electricity rates, the savings are substantial over time.
After analyzing the numbers, it appears that it would take around 7 years to cover the initial cost of the solar panels in Edmond. This means that after 7 years, the savings on electricity bills will start to accumulate and offset the investment. Additionally, since solar panels have a long lifespan, those savings will continue for many years beyond the break-even point. This makes solar power a wise financial decision as well as an environmentally friendly choice for residents in Edmond, Oklahoma.
Investing in solar power in Edmond Oklahoma
Installing solar panels in Edmond, Oklahoma can lead to significant financial savings over time due to the sunny climate and low cloud cover in the area. By harnessing the power of the sun, residents can reduce their electricity bills and carbon footprint. With an estimated break-even point of around 7 years, investing in solar panels is a wise financial decision that offers long-term benefits for the environment and homeowners in Edmond.