Overview
In Ordway Colorado, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs specific to Ordway, it has been determined that investing in a solar system can result in substantial savings over time. This article will provide a breakdown of the costs associated with installing solar panels, as well as an estimate of how long it will take to break even on your investment. By taking advantage of the sunny days and low cloud cover in Ordway, residents can see a positive return on their investment in solar energy.
Ordway Colorado Weather Trends
Ordway Precipitation
With Ordway Colorado receiving only 24.33 inches of precipitation in the last year, it is clear that the area experiences relatively low rainfall compared to both the national and state averages. This means that residents can rely more on solar energy, as they won’t have to contend with frequent cloudy or rainy days that could affect solar panel efficiency.
Ordway’s UV Rating
Ordway Colorado boasts an impressive average UV rating of 4.69, ranking it higher than most areas in both the nation and the state. With such high UV ratings, residents can expect their solar panels to generate electricity efficiently and consistently. This abundance of sunlight makes investing in solar a smart choice for Ordway homeowners.
Ordway’s Cloud Cover
Ordway Colorado enjoys low levels of cloud cover, with an average of only 27% throughout the year. This means that residents can count on clear skies for a significant portion of the year, allowing their solar panels to produce electricity at maximum capacity. With so many days of minimal cloud cover, solar energy becomes a reliable and cost-effective option for Ordway residents.
Ordway Colorado Electricity Costs
Ordway Colorado residents benefit from relatively low electricity costs, paying about $0.16/kw. Compared to both the national and state averages, Ordway’s electricity prices are higher, making the switch to solar energy even more financially appealing. By investing in solar panels, residents can offset their electricity costs and enjoy long-term savings on their energy bills.
When could you expect to break even on a solar installation in Ordway Colorado?
Considering the weather and electricity costs in Ordway, 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:
- Ordway receives less precipitation than the national average, making it a good location for solar panels due to the amount of sunshine.
- The UV ratings in Ordway are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in Ordway is lower than the national average, with a significant number of days having minimal cloud cover.
Now, let’s consider the electricity costs:
- Residents in Ordway 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 system generates electricity, reducing the amount purchased from the grid, especially with Ordway’s higher electricity rates.
After crunching the numbers, it looks like it would take around 7 years to cover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will start to offset the investment. With solar panels lasting for 25 to 30 years, significant savings can be enjoyed for many years after breaking even. Investing in solar panels in Ordway is not only a smart financial decision but also a positive step towards sustainability and reducing energy costs in the long run.
Investing in solar power in Ordway Colorado
Considering the weather patterns in Ordway Colorado, with abundant sunshine and minimal cloud cover, coupled with slightly higher electricity costs compared to the national average, installing solar panels on your home can lead to significant financial benefits. By investing in a solar system, residents can break even in approximately 7 years and enjoy long-term savings on their energy bills for the next 25 to 30 years. This smart financial decision not only saves money but also contributes to sustainability and reduced energy costs in the long run. Taking advantage of the sunny days in Ordway to harness solar energy is a wise choice for residents looking to save money and reduce their carbon footprint.