Overview
Decide On Solar and start saving money in Slater, Colorado! By analyzing weather data and electricity costs specific to your area, we will show you how installing solar panels on your home can lead to significant savings over time. With our breakdown of the costs of a solar system and estimates on how long it will take to break even, you can make an informed decision about investing in solar energy for your home. Let’s explore the financial benefits of going solar in Slater, Colorado.
Slater Colorado Weather Trends
Slater Precipitation
In the last year, Slater, Colorado received 17.06 inches of precipitation, ranking it in the 4th percentile in the nation and the 11th percentile in Colorado. Compared to the national average of 50.61 inches and Colorado’s average of 35.53 inches, Slater’s lower precipitation levels make it an ideal location for solar panel installation, as less rain means more sunlight for energy production.
Slater’s UV Rating
With an average UV rating of 3.54, Slater, Colorado ranks in the 20th percentile in the nation and the 29th percentile in Colorado. The national average for UV rating is 4.29, while Colorado’s average is 4.02. Additionally, the average max UV rating in Slater is 3.82, putting it in the 26th percentile nationally and the 30th percentile in Colorado. These UV ratings indicate that Slater receives ample sunlight, making it a prime location for solar panel installation.
Slater’s Cloud Cover
Slater, Colorado experienced an average of 36% cloud cover in the last year, placing it in the 15th percentile nationwide and the 74th percentile in Colorado. Compared to the national average of 44.46% and Colorado’s average of 33.65%, Slater has relatively clear skies, allowing for consistent solar energy production. With a significant number of days having low to moderate cloud cover, residents can maximize the benefits of solar power.
Slater Colorado Electricity Costs
Residents of Slater, Colorado pay about $0.13/kw for electricity, which positions the town in the 75th percentile nationally and the 35th percentile in Colorado. While the national average for residential electricity is also $0.13/kw, Colorado’s average is slightly higher at $0.14/kw. By investing in solar panels, Slater residents can take advantage of their lower electricity costs and reduce their reliance on traditional energy sources, leading to long-term savings and a reduced carbon footprint.
When could you expect to break even on a solar installation in Slater Colorado?
Considering the weather and electricity costs in Slater 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:
- Slater Colorado receives less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Slater Colorado are slightly lower than the national average, but still sufficient for generating solar power.
- The cloud cover in Slater Colorado is below the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Slater Colorado pay the same amount for electricity as the national average, which is $0.13/kw.
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.
- With electricity costs at $0.13/kw in Slater Colorado, the savings can accumulate over time.
After calculating the numbers, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the savings on electricity bills will start to offset the investment. Considering the long lifespan of solar panels, these savings will continue for many years after the initial payback period. Installing solar panels is a financially sound decision that also benefits the environment.
Investing in solar power in Slater Colorado
Investing in solar energy in Slater, Colorado is a wise financial decision that can lead to significant savings over time. With lower precipitation levels, ample sunlight, and clear skies, Slater is an ideal location for solar panel installation. Additionally, the town’s electricity costs are lower than both the national and state averages, making solar power an even more attractive option for residents. By breaking down the costs and estimating the payback period, it is clear that investing in solar panels can lead to long-term financial benefits while also reducing reliance on traditional energy sources and decreasing carbon footprint. Consider the financial advantages and environmental benefits of solar energy for your home in Slater, Colorado.