Overview
Are you a Loco Oklahoma resident looking to save money on your electricity bills? Investing in solar panels for your home might be the solution for you. In this article, we will break down the financial benefits of installing a solar system in Loco Oklahoma by using weather data and electricity costs specific to the area. By analyzing average precipitation, UV ratings, cloud cover, and electricity costs over a year, we will show you how long it will take for a solar system to pay for itself, ultimately saving you money in the long run.
Loco Oklahoma Weather Trends
Loco Precipitation
With Loco Oklahoma receiving 38.42 inches of precipitation in the last year, you may be surprised to learn that this places Loco in the 24th percentile nationwide and the 12th percentile in Oklahoma. Comparatively, the national average is 50.61 inches, and Oklahoma’s average is 46.74 inches. By harnessing the power of solar energy in a location with relatively lower rainfall, you can maximize your savings and reduce your carbon footprint.
Loco’s UV Rating
When it comes to UV ratings, Loco Oklahoma shines bright with an average rating of 5.5 in the last year. This places Loco in the 89th percentile nationwide and the 94th percentile in Oklahoma. In comparison, the national average UV rating is 4.29, and Oklahoma’s average is 5.2. With such abundant sunlight, installing solar panels in Loco can help you take full advantage of this valuable renewable energy source.
Loco’s Cloud Cover
Last year, Loco Oklahoma experienced an average cloud cover of 30%, placing Loco in the 7th percentile nationwide and the 13th percentile in Oklahoma. In contrast, the national average for cloud cover is 44.46%, while Oklahoma’s average is 33.43%. With 200 days of clear to partly cloudy skies, 77 days of moderate cloud cover, and 62 days of partly sunny conditions, Loco offers ideal conditions for solar energy production.
Loco Oklahoma Electricity Costs
Residents in Loco Oklahoma enjoy relatively low electricity costs at $0.1/kw, positioning Loco in the 15th percentile nationwide and the 28th percentile in Oklahoma for residential electricity rates. In comparison, the national average is $0.13/kw, while Oklahoma’s average is $0.11/kw. By utilizing solar panels to generate your own electricity, you can hedge against potential future rate hikes and enjoy long-term savings on your energy bills.
When could you expect to break even on a solar installation in Loco Oklahoma?
Considering the weather and electricity costs in Loco 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:
- Loco Oklahoma receives slightly less precipitation than the national average, which is good for solar panels.
- The UV ratings in Loco Oklahoma are higher than the national average, making it a great location for generating solar power.
- Cloud cover in Loco Oklahoma is lower than the national average, with many days having clear skies.
Now, let’s consider the electricity costs:
- Residents in Loco Oklahoma pay less for electricity compared to the national average, which is a cost-saving factor for 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 need to buy as much from the grid.
- With lower electricity rates in Loco Oklahoma, the savings may take a bit longer to cover the initial cost compared to places with higher rates.
After crunching the numbers, it looks like it could take around 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the money saved on electricity bills will begin to offset the investment. And don’t forget, solar panels have a long lifespan, so you’ll continue to see those savings for many years into the future. It’s a wise investment that not only saves you money but also benefits the environment!
Investing in solar power in Loco Oklahoma
Investing in solar panels in Loco Oklahoma can be a financially wise decision. With lower precipitation, higher UV ratings, and clear skies, the area offers ideal conditions for solar energy production. Coupled with relatively low electricity costs, installing solar panels can help you save money in the long run. By analyzing the data, it’s clear that a solar system could pay for itself in around 6-7 years, providing you with years of savings on your electricity bills. So why wait? Consider the benefits of solar energy for your home today!