Overview
In Covington, Oklahoma, installing solar panels on your home can help you save money on your electricity bills in the long run. By analyzing weather data and electricity costs in the area, we have determined that a solar system could pay for itself in a reasonable amount of time. Let’s break down the costs and savings so you can see how investing in solar power can benefit your wallet.
Covington Oklahoma Weather Trends
Covington Precipitation
With 52.22 inches of precipitation in the last year, Covington, Oklahoma, is in a good position for solar power generation. This puts Covington above the national average of 50.61 inches and higher than Oklahoma’s average of 46.74 inches. By harnessing the power of the sun during rainy seasons, you can continue to generate energy for your home even when it’s cloudy.
Covington’s UV Rating
With an average UV rating of 5.13 in the last year, Covington, Oklahoma, has plenty of sunlight to make solar energy a viable option. This rating puts Covington well above the national average of 4.29 and slightly below Oklahoma’s average of 5.2. The strong sunlight in Covington can help maximize the efficiency of your solar panels and increase the amount of energy you can generate for your home.
Covington’s Cloud Cover
With an average of 33% cloud cover in the last year, Covington, Oklahoma, experiences relatively clear skies, making it an ideal location for solar panel installation. This puts Covington below the national average of 44.46% and on par with Oklahoma’s average of 33.43%. With over half of the days having minimal cloud cover, you can count on consistent energy generation throughout the year.
Covington Oklahoma Electricity Costs
At $0.11/kw, the cost of electricity in Covington, Oklahoma, is already lower than the national average of $0.13/kw, making it a cost-effective choice for solar panel installation. While the price is on par with Oklahoma’s average, investing in solar power can help you further reduce your electricity bills over time. By generating your own clean energy, you can take control of your energy costs and contribute to a greener future.
When could you expect to break even on a solar installation in Covington Oklahoma?
Considering the weather and electricity costs in Covington 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:
- Covington Oklahoma received slightly more precipitation than the national average, but it is still a sunny area ideal for solar panels.
- The UV ratings in Covington Oklahoma are higher than the national average, making it a great location for generating solar power.
- Cloud cover in Covington Oklahoma is lower than the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Covington Oklahoma pay slightly 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 need to purchase as much from the grid.
- With Covington Oklahoma’s lower electricity rates, the savings may take longer to cover the initial cost of the system.
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 start to accumulate and repay the investment. Also, considering that solar panels last for 25-30 years, you’ll continue to benefit from the savings for many years beyond the break-even point. It’s a wise financial decision that also contributes to a greener environment.
Investing in solar power in Covington Oklahoma
Investing in solar panels in Covington, Oklahoma, can be a smart financial move that not only saves you money on electricity bills but also helps the environment. With favorable weather conditions and slightly lower electricity costs than the national average, a standard 10kW solar system could pay for itself in around 6-7 years. This means that you’ll start seeing significant savings on your energy bills and continue to benefit from clean, renewable energy for years to come. Consider the long-term financial and environmental benefits of solar power for your home in Covington.