Overview
Are you tired of seeing your electricity bills rise every month? Have you considered the financial benefits of installing solar panels on your home in Red Oak Oklahoma? By analyzing weather data and electricity costs specific to our area, we can show you how a solar system could save you money in the long run. With the right information, you can decide if making the switch to solar is a smart financial choice for your home.
Red Oak Oklahoma Weather Trends
Red Oak Precipitation
With 61.1 inches of precipitation in the last year, Red Oak Oklahoma ranks higher than 73% of the country and 95% of Oklahoma. Comparatively, the national average is 50.61 inches, and Oklahoma’s average is 46.74 inches. This means that Red Oak receives a significant amount of rainfall, which can benefit solar panel efficiency by keeping them clean and functioning optimally.
Red Oak’s UV Rating
Red Oak Oklahoma boasts an average UV rating of 5.12, placing it in the 81st percentile nationwide and the 33rd percentile in the state. In comparison, the national average is 4.29, and Oklahoma’s average is 5.2. The area also experiences an average max UV rating of 5.59, ranking higher than 69% of the country and 38% of Oklahoma. These high UV ratings make Red Oak an ideal location for harnessing solar energy.
Red Oak’s Cloud Cover
With an average of 37% cloud cover, Red Oak Oklahoma falls in the 16th percentile nationally and the 87th percentile within the state. When compared to the national average of 44.46% and Oklahoma’s average of 33.43%, Red Oak enjoys relatively clear skies. Additionally, the area experiences a significant number of days with minimal cloud cover, further enhancing the potential for solar panel productivity.
Red Oak Oklahoma Electricity Costs
Residents of Red Oak pay about $0.11/kw for electricity, ranking in the 32nd percentile across the nation and the 73rd percentile in Oklahoma. In contrast, the national average for residential electricity is $0.13/kw, while Oklahoma’s average matches Red Oak’s at $0.11/kw. By investing in solar panels, homeowners in Red Oak can reduce their reliance on traditional electricity sources and save money in the long run.
When could you expect to break even on a solar installation in Red Oak Oklahoma?
Considering the weather and electricity costs in Red Oak 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:
- Red Oak Oklahoma receives more precipitation than the national average, but it still has plenty of sunny days for solar panels to work effectively.
- The UV ratings in Red Oak Oklahoma are higher than the national average, making it an ideal location for generating solar power.
- Cloud cover in Red Oak Oklahoma is lower than the national average, with a good amount of clear days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Red Oak Oklahoma pay slightly less for electricity compared to the national average, at $0.11/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 saving money.
- With the lower electricity costs in Red Oak Oklahoma, the savings may take longer to cover the initial investment compared to areas with higher electricity costs.
After crunching the numbers, if we consider an average electricity cost of $0.11/kw in Red Oak Oklahoma and an average savings of $100 per month from the solar system, it would take approximately 16.6 years to cover the initial cost of the solar panels. This means that after 16.6 years, the money saved on electricity bills will start to exceed the initial investment. And since solar panels last for a long time, you will continue to benefit from those savings for many years to come. It’s a wise investment that not only saves money but also helps the environment!
Investing in solar power in Red Oak Oklahoma
Based on the weather trends and electricity costs specific to Red Oak Oklahoma, it is evident that installing solar panels can be a financially beneficial decision for homeowners in the long run. The area’s high precipitation levels, UV ratings, and low cloud cover make it an ideal location for harnessing solar energy. Additionally, with electricity costs at $0.11/kw, residents can expect to break even on the initial investment in solar panels in approximately 16.6 years. This investment not only saves money but also contributes to a sustainable future. Consider the data and make an informed choice for your home in Red Oak!