Overview
Are you a Shady Point, Oklahoma resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been searching for. By analyzing weather data specific to Shady Point, including precipitation levels, UV ratings, and cloud cover, along with basic electricity costs, we can estimate the financial benefits of going solar. In this article, we break down the cost of a solar system and estimate how long it will take for you to break even. Let’s explore how solar panels can help you save money in the long run.
Shady Point Oklahoma Weather Trends
Shady Point Precipitation
In the last year, Shady Point Oklahoma received 54.43 inches of precipitation, putting it in the 57th percentile in the nation and the 83rd percentile in Oklahoma. Compared to the national average of 50.61 inches and Oklahoma’s average of 46.74 inches, Shady Point sees a decent amount of rainfall. By harnessing this natural resource for solar energy, you can benefit from the abundant precipitation in the area.
Shady Point’s UV Rating
With an average UV rating of 5.15, Shady Point falls in the 82nd percentile in the nation and the 44th percentile in Oklahoma. Compared to the national average of 4.29 and Oklahoma’s average of 5.2, Shady Point enjoys good sunlight exposure. This means that installing solar panels on your home can efficiently convert sunlight into electricity, helping you save on your energy bills and reduce your carbon footprint.
Shady Point’s Cloud Cover
Despite having an average cloud cover of 36%, which is in the 15th percentile nationally and the 81st percentile in Oklahoma, Shady Point still has many days with clear skies. With 162 days of low cloud cover, you can maximize solar energy generation on those days. By taking advantage of the sunny days in Shady Point, you can significantly offset your electricity costs with solar power.
Shady Point Oklahoma Electricity Costs
Residents in Shady Point pay about $0.11/kw for electricity, placing them in the 20th percentile in the nation and the 42nd percentile in Oklahoma. With the national average at $0.13/kw and Oklahoma’s average at $0.11/kw, Shady Point already enjoys relatively low electricity costs. By investing in solar panels, you can further reduce your reliance on traditional energy sources and lock in savings as electricity prices continue to rise.
When could you expect to break even on a solar installation in Shady Point Oklahoma?
Considering the weather and electricity costs in Shady Point 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:
- Shady Point Oklahoma receives more precipitation than the national average, which can impact solar panel efficiency.
- The UV ratings in Shady Point Oklahoma are higher than the national average, making it a good location for solar power generation.
- Cloud cover in Shady Point Oklahoma is lower than the national average, with significant variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Shady Point 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 system generates electricity, reducing the amount needed from the grid and saving money on electricity bills.
- With lower electricity rates in Shady Point Oklahoma, the savings from using solar power are slightly lower than in other areas.
After crunching the numbers, it looks like it would take around 8-10 years to cover the initial cost of the solar panels. That means, after 8-10 years, the money saved on electricity bills will start to add up and pay off the investment. And with the long lifespan of solar panels, you’ll continue to enjoy those savings for many years to come. Investing in solar power is both a smart financial decision and an environmentally friendly choice for the future!
Investing in solar power in Shady Point Oklahoma
Installing solar panels in Shady Point, Oklahoma can be a beneficial long-term investment for residents. By taking advantage of the area’s abundant precipitation, good sunlight exposure, and low cloud cover, solar panels can efficiently generate electricity and help reduce reliance on traditional energy sources. With electricity costs already relatively low in Shady Point, solar power can provide additional savings and contribute to a greener future. Based on weather data and electricity costs, it is estimated that it would take around 8-10 years to break even on the initial investment in solar panels. This means that over time, residents can enjoy significant savings on their electricity bills and continue to benefit from solar power for many years to come. Investing in solar energy is not only a financially wise decision but also an environmentally conscious one for the community of Shady Point, Oklahoma.