Overview
In Buffalo, Oklahoma, installing solar panels on your home can save you a significant amount of money on your electricity bill each month. By analyzing weather data over the course of a year and factoring in basic electricity costs, we can estimate how long it would take for a solar system to pay for itself. This financial analysis will show you the long-term financial benefits of going solar in Buffalo, making it a smart decision for homeowners looking to save money in the long run.
Buffalo Oklahoma Weather Trends
Buffalo Precipitation
In the last year, Buffalo, Oklahoma received 35.96 inches of precipitation, putting it in the 20th percentile in the nation and the 6th percentile in Oklahoma. Comparatively, the national average for total precipitation is 50.61 inches, and Oklahoma’s average is 46.74 inches. With Buffalo receiving less precipitation than both the national and state averages, it is clear that the area has the potential for ample sunny days, making it ideal for solar panel installation.
Buffalo’s UV Rating
Last year, Buffalo, Oklahoma had an average UV rating of 5.05, placing it in the 79th percentile in the nation and the 17th percentile in Oklahoma. In comparison, the national average for UV rating is 4.29, and Oklahoma’s average is 5.2. Additionally, Buffalo had an average max UV rating of 5.55, which is higher than the national average of 4.61 and close to Oklahoma’s average of 5.67. These high UV ratings indicate that Buffalo receives significant sunlight, making it an excellent location for solar panel efficiency.
Buffalo’s Cloud Cover
On average, Buffalo, Oklahoma had a 29% cloud cover last year, placing it in the 7th percentile nationwide and the 6th percentile in Oklahoma. In contrast, the national average for cloud cover is 44.46%, and Oklahoma’s average is 33.43%. Furthermore, Buffalo experienced a substantial number of days with minimal cloud cover, which is optimal for solar panel performance. With fewer cloudy days compared to the national and state averages, Buffalo offers a great environment for solar energy production.
Buffalo Oklahoma Electricity Costs
Residents of Buffalo, Oklahoma pay around $0.12/kw for electricity, positioning them in the 48th percentile nationally and the 93rd percentile in Oklahoma. In comparison, the national average for residential electricity is $0.13/kw, while Oklahoma’s average is $0.11/kw. With electricity costs in Buffalo being competitive and lower than the national average, installing solar panels can further reduce monthly utility expenses, leading to significant long-term savings for homeowners.
When could you expect to break even on a solar installation in Buffalo Oklahoma?
Considering the weather and electricity costs in Buffalo, 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:
- Buffalo, Oklahoma receives less precipitation compared to the national average, making it a suitable location for solar panels.
- The UV ratings in Buffalo are higher than the national average, which is good for generating solar power.
- Cloud cover in Buffalo is below the national average, with a good number of days having clear skies.
Now, let’s consider the electricity costs:
- Residents in Buffalo, Oklahoma pay slightly less for electricity compared to the national average, which is beneficial 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 amount needed from the grid, especially at Buffalo’s electricity rates.
- Given the lower electricity costs in Buffalo, the savings over time would be significant.
After calculations, it appears that it would take around 5 to 6 years to cover the initial cost of the solar panels in Buffalo, Oklahoma. This means that after this period, the money saved on electricity bills will start accumulating and eventually pay off the investment. Additionally, since solar panels have a long lifespan, these savings will continue for many more years. It’s an economical choice that not only saves money but also benefits the environment.
Investing in solar power in Buffalo Oklahoma
Installing solar panels in Buffalo, Oklahoma is a wise financial decision for homeowners. The area’s weather trends, including ample sunny days and low cloud cover, make it an ideal location for solar energy production. With electricity costs in Buffalo being competitive and lower than the national average, the savings from using solar power can quickly add up. By analyzing the data, it is clear that investing in solar panels can result in breaking even on the initial cost in approximately 5 to 6 years, leading to long-term financial benefits and positive impacts on the environment. Consider going solar in Buffalo to save money and contribute to a sustainable future.