Overview
Are you tired of high electricity bills in Miami, Oklahoma? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data and electricity costs specific to our area, we can show you how much money you can save in the long run. With the amount of sunshine we receive year-round, solar panels are a great investment that can pay for themselves over time. Learn more about the financial benefits of going solar in Miami, Oklahoma.
Miami Oklahoma Weather Trends
Miami Precipitation
With Miami Oklahoma receiving 57.92 inches of precipitation in the last year, it is clear that we have more rainfall compared to the national average of 50.61 inches. This puts Miami ahead in terms of water availability when considering solar panel installation. Oklahoma’s average of 46.74 inches is also lower than what Miami receives. Harnessing this natural resource can help you save on energy costs in the long run.
Miami’s UV Rating
With an average UV rating of 4.91, Miami Oklahoma enjoys more sunlight than most of the country, putting us at the 76th percentile nationwide. Although our UV rating is lower compared to the state average of 5.2, the national average of 4.29 indicates that Miami is a great location for solar panel installation. The high number of sunny days can significantly reduce your reliance on traditional energy sources.
Miami’s Cloud Cover
With an average of 35% cloud cover in Miami Oklahoma, we experience less obstruction of sunlight compared to the national average of 44.46%. Although Oklahoma’s average is slightly lower at 33.43%, Miami still enjoys more sunny days. With 171 days of clear skies in the last year, there are plenty of opportunities to maximize the effectiveness of solar panels in your area.
Miami Oklahoma Electricity Costs
Residents in Miami Oklahoma pay about $0.1/kw for electricity, which is lower than both the national average of $0.13/kw and the state average of $0.11/kw. By investing in solar panels, you can further decrease your electricity costs and become more energy independent. Taking advantage of the sunny weather and low electricity prices makes Miami a prime location for solar energy production.
When could you expect to break even on a solar installation in Miami Oklahoma?
Considering the weather and electricity costs in Miami, 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:
- Miami receives more precipitation than the national average but has good UV ratings and slightly lower cloud cover, making it suitable for solar panels.
- The average UV ratings in Miami are higher than the national average, ensuring efficient generation of solar power.
- Cloud cover in Miami is lower than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Miami pay less for electricity compared to the national average, making it a cost-effective choice for 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 electricity from the grid.
- With Miami’s lower electricity rates, the savings from solar power are even more significant.
After analyzing the data, it appears that it would take approximately 8 years to cover the initial cost of the solar panels. This means that after 8 years, the savings on electricity bills will accumulate and offset the investment cost. Additionally, since solar panels have a long lifespan, the savings will continue for many more years. Investing in solar power not only saves money but also contributes to a sustainable environment in the long run.
Investing in solar power in Miami Oklahoma
Installing solar panels in Miami, Oklahoma can be a wise financial decision based on the weather trends in the area and the cost of electricity. With higher precipitation levels, good UV ratings, and lower cloud cover compared to national averages, Miami is a great location for solar panel installation. Additionally, residents pay less for electricity, making solar power a cost-effective option. By analyzing the data, it is clear that investing in solar panels can result in savings that will cover the initial cost in approximately 8 years. This long-term investment not only saves money but also contributes to a sustainable environment. Consider the financial benefits and environmental impact of going solar in Miami, Oklahoma.