Overview
Are you a Marshall, Oklahoma resident looking to save money on your electricity bills? Installing solar panels on your home can help you do just that! In this article, we will break down the cost of a solar system and estimate how long it will take for you to break even. By analyzing weather data specific to Marshall, Oklahoma, we will show you how the sun’s rays can work in your favor, making solar energy a financially beneficial choice for your home.
Marshall Oklahoma Weather Trends
Marshall Precipitation
With Marshall, Oklahoma receiving 45.86 inches of precipitation in the last year, residents are in luck as they are below both the national and state averages. This means that there is less chance of inclement weather affecting the efficiency of solar panels on your home. With more sunny days and less rain, you can expect your solar system to generate more energy consistently throughout the year.
Marshall’s UV Rating
When it comes to UV ratings, Marshall, Oklahoma shines bright with an average rating of 5.28, placing them in the 85th percentile in the nation. This means that residents can benefit from ample sunlight for their solar panels to produce energy efficiently. Compared to the national and state averages, Marshall’s higher UV rating makes it an ideal location to maximize the financial benefits of investing in solar energy.
Marshall’s Cloud Cover
Marshall, Oklahoma residents enjoy an average of 31% cloud cover throughout the year, placing them below both the national and state averages. With fewer clouds obstructing the sun’s rays, solar panels installed on your home can capture more sunlight, resulting in increased energy production. These favorable weather conditions make Marshall a prime location for harnessing solar power for your electricity needs.
Marshall Oklahoma Electricity Costs
At $0.11/kw, Marshall, Oklahoma residents pay below the national average for electricity costs, making it a cost-effective choice for powering your home with solar energy. Compared to the rest of the country, Marshall’s lower electricity costs provide even more incentive to invest in solar panels, as you can save money on your monthly bills while reducing your carbon footprint. With favorable weather conditions and affordable electricity rates, going solar in Marshall is a smart financial and environmental decision.
When could you expect to break even on a solar installation in Marshall Oklahoma?
Considering the weather and electricity costs in Marshall, 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:
- Marshall, Oklahoma receives slightly less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Marshall, Oklahoma are higher than the national average, providing good conditions for generating solar power.
- Cloud cover in Marshall, 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 Marshall, Oklahoma pay slightly less for electricity compared to the national average, which can impact the savings from solar panels.
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 leading to savings on electricity bills.
- With the slightly lower electricity rates in Marshall, Oklahoma, the savings may vary compared to the national average.
After crunching the numbers, it looks like it would take around 8-10 years to cover the initial cost of the solar panels in Marshall, Oklahoma. This means that after 8-10 years, the money saved on electricity bills will start to offset the investment. Since solar panels last for a long time, you will continue to benefit from these savings for many years beyond the break-even point. Investing in solar panels is a smart choice for long-term savings and sustainability.
Investing in solar power in Marshall Oklahoma
Investing in solar panels in Marshall, Oklahoma is a wise decision for residents looking to save money on their electricity bills. With favorable weather conditions and affordable electricity rates, solar energy can be a financially beneficial choice for powering your home. By analyzing the weather trends specific to Marshall, Oklahoma, we have determined that it would take around 8-10 years to break even on the initial cost of a solar system. Beyond that point, the savings on electricity bills will continue to benefit homeowners for many years to come. Making the switch to solar energy in Marshall is not only a smart financial decision but also a sustainable choice for the environment.