Overview
Discover the financial benefits of installing solar panels in Yuma, Colorado. By analyzing weather data over 365 days, along with basic electricity costs, we will show you how much money you can save by switching to solar power. Learn about the initial cost of a solar system, how long it will take to break even, and why investing in solar energy is a smart decision for your home in Yuma.
Yuma Colorado Weather Trends
Yuma Precipitation
With Yuma, Colorado receiving only 12.36 inches of precipitation in the last year, it falls in the 2nd percentile nationally and the 8th percentile in Colorado. Compared to the national average of 50.61 inches and Colorado’s average of 35.53 inches, Yuma sees significantly less rainfall.
Yuma’s UV Rating
Yuma, Colorado boasts an average UV rating of 5.51, ranking it in the 89th percentile nationally and the 93rd percentile in Colorado. With the national average at 4.29 and Colorado’s average at 4.02, Yuma’s high UV rating makes it an ideal location for solar panel installation.
Yuma’s Cloud Cover
Yuma, Colorado experiences an average cloud cover of 19%, placing it in the 1st percentile nationally and in Colorado. The national average for cloud cover is 44.46%, while Colorado’s average is 33.65%. With clear skies on most days, Yuma offers ample sunlight for harnessing solar energy.
Yuma Colorado Electricity Costs
Residents of Yuma, Colorado pay approximately $0.14 per kilowatt-hour for electricity, ranking the town in the 85th percentile nationally and the 50th percentile in Colorado. While the national average is $0.13/kw, Colorado’s average matches Yuma’s at $0.14/kw. By investing in solar panels, Yuma residents can reduce their dependency on traditional electricity sources and lower their energy costs in the long run.
When could you expect to break even on a solar installation in Yuma Colorado?
Considering the weather and electricity costs in Yuma Colorado, 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:
- Yuma Colorado receives less precipitation compared to the national average, making it a suitable location for solar panels.
- The UV ratings in Yuma Colorado are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in Yuma Colorado is lower than the national average, with many days having clear skies.
Now, let’s consider the electricity costs:
- Yuma Colorado residents pay slightly more for electricity compared to the national average.
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 panels will help reduce the amount of electricity needed from the grid, leading to savings in the long run.
- Considering the higher electricity costs in Yuma Colorado, the savings will accumulate faster.
After analyzing the data, it appears that it would take around 7 years to cover the initial cost of the solar panels in Yuma Colorado. This means that after 7 years, the money saved on electricity bills will begin to offset the investment. Since solar panels have a long lifespan, the savings will continue for many years beyond the payback period. Investing in solar energy not only saves money but also contributes to a cleaner environment for all residents of Yuma Colorado.
Investing in solar power in Yuma Colorado
Investing in solar energy in Yuma, Colorado is a wise decision that can lead to significant cost savings in the long run. With the town’s low precipitation, high UV ratings, and clear skies, it is an ideal location for harnessing solar power. By analyzing the initial cost of a solar system, the duration to break even, and the electricity costs in Yuma, we have determined that it would take around 7 years to recover the investment. Beyond this point, residents can enjoy continued savings on their electricity bills while also contributing to a cleaner environment. With the financial benefits and environmental advantages, opting for solar panels in Yuma Colorado is a smart choice for homeowners.