Overview
In Lexington, Oklahoma, installing solar panels on your home can help you save money on your electricity bills while also contributing to a cleaner environment. By analyzing weather data and electricity costs specific to Lexington, we can show you how much you can potentially save each year by switching to solar power. With the cost of a solar system broken down and an estimate of how long it will take to break even, you will see the financial benefits of making the switch to solar energy.
Lexington Oklahoma Weather Trends
Lexington Precipitation
With Lexington Oklahoma receiving 42.14 inches of precipitation in the last year, it falls below the national and state averages. By taking advantage of the lower precipitation levels in Lexington compared to the rest of the country and Oklahoma, you can maximize the efficiency of your solar panels. This means you can rely more on solar energy, reducing your electricity bills and environmental impact.
Lexington’s UV Rating
Lexington Oklahoma enjoys an average UV rating of 5.31, placing it in the 85th percentile nationally and the 79th percentile within Oklahoma. The high UV ratings in Lexington compared to state and national averages make it an ideal location for harvesting solar energy. By harnessing the abundant sunlight in Lexington, you can generate more electricity from your solar panels, allowing you to further cut down on your utility costs while helping the environment.
Lexington’s Cloud Cover
With an average of 32% cloud cover, Lexington Oklahoma ranks below the national average and just slightly above the state average. The lower cloud cover in Lexington compared to the rest of the country and Oklahoma means your solar panels can operate more efficiently. By installing solar panels in Lexington, you can take advantage of clearer skies to produce electricity, leading to greater savings on your energy bills and a reduced carbon footprint.
Lexington Oklahoma Electricity Costs
Residents of Lexington pay approximately $0.1/kw for electricity, placing them below the national average and slightly below the state average. With lower electricity costs in Lexington compared to the rest of the country and Oklahoma, switching to solar power can offer substantial financial benefits. By investing in solar panels for your home, you can significantly reduce your reliance on traditional grid electricity, saving money in the long run and helping to create a cleaner, more sustainable future.
When could you expect to break even on a solar installation in Lexington Oklahoma?
Considering the weather and electricity costs in Lexington 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:
- Lexington Oklahoma gets slightly less precipitation than the national average, allowing for effective use of solar panels.
- The UV ratings in Lexington Oklahoma are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Lexington Oklahoma is lower than the national average, with a good number of sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lexington Oklahoma pay less for electricity compared to the national average, making solar power an economically sound choice.
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 to be purchased from the grid.
- With Lexington Oklahoma’s lower electricity rates, the savings are impactful over time.
After analyzing the data, it appears that it would take approximately 8 years to cover the initial cost of the solar panels in Lexington Oklahoma. After this period, the money saved on electricity bills will continue to accumulate, ultimately making the investment in solar panels a wise financial decision. Additionally, with the longevity of solar panels, the savings will persist for many years beyond the break-even point. It’s a financially astute and environmentally friendly choice!
Investing in solar power in Lexington Oklahoma
Switching to solar power in Lexington, Oklahoma is a smart financial decision that not only saves you money on electricity bills but also helps create a cleaner environment. By taking advantage of the city’s lower precipitation levels, higher UV ratings, and minimal cloud cover, solar panels can operate more efficiently, resulting in greater savings on energy costs. With residents paying less for electricity compared to national averages, the investment in solar panels can be recouped in approximately 8 years, after which the savings will continue to accumulate for decades to come. Making the switch to solar energy in Lexington is not only financially beneficial but also an environmentally responsible choice that benefits both your pocket and the planet.