Overview
In Somerset, Colorado, 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 the cost of a solar system and calculate how long it will take for you to break even on your investment. With ample sunlight, low precipitation, and minimal cloud cover, Somerset is an ideal location for harnessing solar energy to power your home and reduce your electricity bills.
Somerset Colorado Weather Trends
Somerset Precipitation
In the last year Somerset Colorado received 23.47 inches of precipitation. This places Somerset in the 8th percentile in the nation and the 24th percentile in Colorado. Compared to the national average of 50.61 inches, Somerset sees significantly less rainfall. Similarly, Colorado’s average of 35.53 inches is higher than what Somerset experiences.
Somerset’s UV Rating
Over the past year, Somerset Colorado had an average UV rating of 3.39. This places Somerset in the 14th percentile in the nation and the 20th percentile in Colorado. While the national average for UV rating is 4.29, and Colorado’s average is 4.02, Somerset receives slightly less exposure to UV rays. Additionally, the average max UV rating of 3.89 in Somerset is below the national and state averages.
Somerset’s Cloud Cover
Last year, Somerset Colorado had an average of 33% cloud cover, placing it in the 10th percentile in the nation and the 65th percentile in Colorado. With lower cloud cover compared to the national average of 44.46% and Colorado’s average of 33.65%, Somerset experiences clearer skies more frequently. Residents enjoyed 191 days with minimal cloud cover, making it an ideal location for solar energy harnessing.
Somerset Colorado Electricity Costs
Residents of Somerset Colorado pay about $0.13/kw for electricity. This puts Somerset in the 68th percentile in the nation and the 20th percentile in Colorado in terms of electricity costs. With the national average for residential electricity also at $0.13/kw, and Colorado’s average slightly higher at $0.14/kw, Somerset offers reasonable electricity rates for homeowners. By investing in solar panels, residents can further reduce their electricity bills and achieve long-term savings.
When could you expect to break even on a solar installation in Somerset Colorado?
Considering the weather and electricity costs in Somerset, 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:
- Somerset, Colorado receives less precipitation compared to the national average, making it a suitable location for solar panels.
- The UV ratings in Somerset, Colorado are slightly lower than the national average, but still good for generating solar power.
- Cloud cover in Somerset, Colorado is lower than the national average, providing more sunlight for solar panels to work efficiently.
Now, let’s consider the electricity costs:
- Residents in Somerset, Colorado pay about the national average for electricity.
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 the average electricity cost in Somerset, Colorado, the savings from using solar power will help offset the initial investment cost.
After analyzing the data, it seems that it would take around 7-8 years to cover the initial cost of the solar panels in Somerset, Colorado. This means that after 7-8 years, the money saved on electricity bills will start to accumulate and pay off the investment. With solar panels lasting for 25-30 years, the savings will continue for many years after the initial investment is recouped. It’s a smart financial and environmental decision to install solar panels in Somerset, Colorado!
Investing in solar power in Somerset Colorado
Installing solar panels in Somerset, Colorado is a wise financial and environmental decision. With ample sunlight, low precipitation, and minimal cloud cover, this area is ideal for harnessing solar energy to power your home and reduce electricity bills. By analyzing the weather data and electricity costs specific to the region, we can estimate the cost of a solar system and calculate how long it will take for you to break even on your investment. Considering all factors, it is evident that investing in solar panels in Somerset, Colorado can lead to significant long-term savings and sustainability.