Overview
Living in Tyrone Oklahoma, you may not realize the financial benefits that installing solar panels on your home can bring. By analyzing weather data collected over a year, along with basic electricity costs, we can show you just how much you stand to save with a solar system. With information on precipitation, UV ratings, cloud cover, and more specific to Tyrone, we can break down the cost of a solar system and estimate how long it will take for you to start seeing a return on your investment.
Tyrone Oklahoma Weather Trends
Tyrone Precipitation
In the last year, Tyrone Oklahoma received 34.98 inches of precipitation, ranking it in the 18th percentile nationally and the 4th percentile in Oklahoma. Comparing this to the national average of 50.61 inches and Oklahoma’s average of 46.74 inches, it’s clear that Tyrone experiences drier conditions. With limited rainfall, installing solar panels can provide a reliable source of energy without relying on traditional power sources.
Tyrone’s UV Rating
Over the past year, Tyrone Oklahoma had an average UV rating of 4.91, placing it in the 76th percentile nationwide and the 4th percentile in Oklahoma. Compared to the national average of 4.29 and Oklahoma’s average of 5.2, Tyrone enjoys higher UV levels that can significantly benefit solar panel efficiency. With more sun exposure, solar panels in Tyrone can generate more electricity and help homeowners save on energy costs.
Tyrone’s Cloud Cover
In the last year, Tyrone Oklahoma had an average of 29% cloud cover, ranking it in the 6th percentile nationally and the 5th percentile in Oklahoma. With lower cloud cover compared to the national average of 44.46% and Oklahoma’s average of 33.43%, Tyrone residents can take advantage of clearer skies for higher solar energy production. By harnessing the abundant sunlight, solar panels in Tyrone can consistently generate electricity throughout the year.
Tyrone Oklahoma Electricity Costs
Tyrone residents pay about $0.13/kw for electricity, positioning them in the 79th percentile nationally and the 98th percentile in Oklahoma. Despite the slightly higher cost compared to the national average of $0.13/kw, Tyrone’s average residential electricity rate is above Oklahoma’s average of $0.11/kw. By installing solar panels, residents can offset these high electricity costs and potentially even earn credits by generating excess energy to the grid.
When could you expect to break even on a solar installation in Tyrone Oklahoma?
Considering the weather and electricity costs in Tyrone, 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:
- Tyrone gets less precipitation compared to the national average, making it suitable for solar panels.
- The UV ratings in Tyrone are higher than the national average, which is great for generating solar power.
- Cloud cover in Tyrone is lower than the national average, with many clear days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Tyrone pay the national average for electricity, making it a good place to invest in 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.
- With the average electricity costs in Tyrone, the savings from solar power can add up over time.
After crunching the numbers, it looks like it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the money saved on electricity bills will start to surpass the initial investment. Considering that solar panels last for over 25 years, you’ll be benefiting from these savings for a long time. It’s a wise financial decision that also helps the environment!
Investing in solar power in Tyrone Oklahoma
In conclusion, installing solar panels in Tyrone, Oklahoma can bring significant financial benefits due to the weather conditions and electricity costs in the area. With lower precipitation, higher UV ratings, and less cloud cover compared to national averages, solar panels in Tyrone can generate more electricity, leading to savings on energy bills. Despite the initial investment cost, homeowners can expect to break even on their investment in solar panels within 5-6 years, with long-term savings and environmental benefits to follow for the next two decades. It’s a smart choice for your wallet and the planet!