Overview
In Bennington, Oklahoma, installing solar panels on your home can lead to significant financial savings over time. 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 ample sunshine and relatively low cloud cover throughout the year, residents can take advantage of the sun’s energy to reduce their electricity bills and potentially even earn revenue by selling excess power back to the grid. The upfront costs of a solar system may seem daunting, but the long-term benefits make it a worthwhile investment for the environmentally conscious homeowner looking to save money in the long run.
Bennington Oklahoma Weather Trends
Bennington Precipitation
In the last year, Bennington, Oklahoma, received 49.38 inches of precipitation, which is slightly below both the national and state averages. With this moderate level of rainfall, residents can rest assured that their solar panels will not be significantly impacted by excessive moisture. The sunny days in Bennington far outweigh the rainy ones, allowing for optimal solar energy production throughout the year.
Bennington’s UV Rating
Bennington, Oklahoma, enjoys an impressive average UV rating of 5.3, which is higher than the national average and on par with the state average. This means that residents can capitalize on the abundant sunlight to generate clean energy through solar panels efficiently. With a higher UV rating, solar panels in Bennington are likely to produce more electricity compared to locations with lower UV ratings.
Bennington’s Cloud Cover
With an average cloud cover of 38%, Bennington, Oklahoma, experiences clearer skies compared to both the national and state averages. This means that solar panels in Bennington have more direct access to sunlight, leading to increased energy production. Residents can take advantage of the sunny days to maximize their savings on electricity bills and reduce their environmental impact.
Bennington Oklahoma Electricity Costs
Bennington, Oklahoma residents pay approximately $0.11/kw for electricity, aligning with the state average and slightly below the national average. With such reasonable electricity costs, investing in solar panels becomes an even more attractive option for homeowners looking to save money in the long run. By harnessing the power of the sun, residents can significantly reduce their reliance on traditional energy sources and potentially even earn revenue by selling excess power back to the grid.
When could you expect to break even on a solar installation in Bennington Oklahoma?
Considering the weather and electricity costs in Bennington 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:
- Bennington Oklahoma receives slightly less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Bennington Oklahoma are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in Bennington Oklahoma is lower than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Bennington Oklahoma pay less for electricity compared to the national average, making solar power a cost-effective option.
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 solar system generates electricity, reducing the need to purchase energy from the grid.
- Considering the lower electricity costs in Bennington Oklahoma, the savings accumulate more quickly.
After analyzing the data, it appears that it would take approximately 4 years to cover the initial cost of the solar panels in Bennington Oklahoma. This means that after 4 years, the savings on electricity bills will start to offset the investment. Plus, the solar panels will continue to produce savings for many years beyond that initial period. Investing in solar power is a sustainable way to save money and contribute to a cleaner environment!
Investing in solar power in Bennington Oklahoma
With ample sunshine, low cloud cover, and reasonable electricity costs in Bennington, Oklahoma, investing in solar panels for your home can result in significant long-term financial savings. By taking advantage of the sunny days and generating clean energy, residents can reduce their reliance on traditional energy sources and potentially even earn revenue by selling excess power back to the grid. Despite the initial upfront costs, the investment in solar panels is a worthwhile choice for environmentally conscious homeowners looking to save money and reduce their environmental impact over time.