Overview
Living in Drumright, Oklahoma, where the cost of electricity can add up over time, installing solar panels on your home can be a wise financial decision. By analyzing weather data and electricity costs specific to the area, we can estimate how long it will take for a solar system to pay for itself. With the potential for savings on your electricity bill, investing in solar panels is not only environmentally friendly but financially beneficial in the long run.
Drumright Oklahoma Weather Trends
Drumright Precipitation
With Drumright Oklahoma receiving 55.92 inches of precipitation in the last year, it is evident that the area experiences a good amount of rainfall. Compared to the national average of 50.61 inches, Drumright is in the 61st percentile in the nation, highlighting the ample precipitation levels in the area. In comparison to the rest of Oklahoma, Drumright falls within the 90th percentile, showcasing the high volume of precipitation in the region.
Drumright’s UV Rating
Drumright Oklahoma boasts an average UV rating of 5.07, placing it in the 80th percentile in the nation. While this ranking is impressive, within Oklahoma, Drumright is in the 20th percentile for UV rating. The higher UV rating means there is ample solar energy available for harnessing. With an average max UV rating of 5.54, Drumright is in the 68th percentile nationally, showing the potential for solar power generation in the area.
Drumright’s Cloud Cover
Drumright Oklahoma experiences an average of 35% cloud cover, placing it in the 13th percentile in the nation. This means that there are many clear days in Drumright, allowing for maximum solar energy absorption. Compared to the national average of 44.46%, Drumright has lower cloud cover, making it an ideal location for solar panel installation. With varying cloud cover throughout the year, residents can benefit from consistent solar power generation.
Drumright Oklahoma Electricity Costs
Residents in Drumright Oklahoma pay about $0.1/kw for electricity, which is lower than the national average of $0.13/kw. Although Drumright is below the national average, there is still room for improvement in decreasing electricity costs further. Compared to the rest of Oklahoma, Drumright’s electricity costs are slightly below the state average of $0.11/kw. By investing in solar panels, residents can not only reduce their reliance on traditional electricity sources but also save on their energy bills in the long run.
When could you expect to break even on a solar installation in Drumright Oklahoma?
Considering the weather and electricity costs in Drumright 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:
- Drumright Oklahoma receives slightly more precipitation than the national average, but it still has plenty of sunshine for solar panels to be effective.
- The UV ratings in Drumright Oklahoma are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Drumright 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 Drumright Oklahoma pay less for electricity compared to the national average, at $0.1/kw.
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 purchased from the grid and resulting in cost savings.
- With lower electricity costs in Drumright Oklahoma, the savings will be slightly lower compared to other locations.
After analyzing the data, it appears that it would take approximately 7-8 years to cover the initial cost of the solar panels in Drumright Oklahoma. This means that after this period, the money saved on electricity bills will start to accumulate and gradually offset the investment. Additionally, with solar panels lasting for 25-30 years, the long-term savings and benefits make investing in solar power a wise decision both financially and environmentally.
Investing in solar power in Drumright Oklahoma
With the analysis of Drumright, Oklahoma’s weather trends and electricity costs, it is evident that investing in solar panels can be a financially beneficial decision for residents. The ample sunshine, lower cloud cover, and slightly lower electricity costs make Drumright an ideal location for solar panel installation. Breaking even on the initial investment in approximately 7-8 years, residents can then enjoy long-term savings on their electricity bills. Not only does this investment have financial benefits, but it also contributes to a more environmentally friendly way of generating energy in the long run.