Overview
Are you a resident of Smithfield, Utah looking to save money on your electricity bills? In this article, we will break down the financial benefits of installing solar panels on your home in Smithfield. By analyzing weather data and electricity costs specific to Smithfield, we will show you how much you can save on your energy bills each month with solar energy. We will also estimate the cost of a solar system and calculate how long it will take for you to break even on your investment. Read on to discover the long-term financial advantages of going solar in Smithfield, Utah.
Smithfield Utah Weather Trends
Smithfield Precipitation
With Smithfield receiving 33.88 inches of precipitation last year, you may be concerned about the impact on solar panels. However, Smithfield’s precipitation levels actually fall below the national average of 50.61 inches, making it a favorable location for solar energy. Compared to the rest of Utah, Smithfield’s precipitation levels are higher, indicating that solar panels can still be efficient in this area.
Smithfield’s UV Rating
Smithfield’s average UV rating of 3.64 in the last year may seem moderate, but it is actually lower than both the national average of 4.29 and Utah’s average of 3.89. However, with an average max UV rating of 3.91, Smithfield is still a suitable location for solar panels. The UV rating in Smithfield may not be the highest, but it is sufficient for generating solar energy.
Smithfield’s Cloud Cover
Despite having an average of 38% cloud cover, Smithfield’s cloud cover levels are lower than the national average of 44.46% and higher than Utah’s average of 31.68%. With a significant number of days with minimal cloud cover, Smithfield provides ample sunlight for solar panels to generate electricity efficiently. The occasional cloud cover should not deter you from considering solar energy in Smithfield.
Smithfield Utah Electricity Costs
At $0.11/kw, Smithfield residents enjoy lower electricity costs compared to the national average of $0.13/kw. While Smithfield’s electricity costs are higher than the state average of $0.1/kw, investing in solar panels can help offset these costs in the long run. By harnessing the abundant sunlight in Smithfield, you can significantly reduce your monthly electricity bills and potentially even generate excess energy to sell back to the grid.
When could you expect to break even on a solar installation in Smithfield Utah?
Considering the weather and electricity costs in Smithfield Utah, 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:
- Smithfield Utah receives less precipitation than the national average, and it has a good amount of sunshine for solar panels to function effectively.
- The UV ratings in Smithfield Utah are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Smithfield Utah is lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Smithfield Utah pay slightly less 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 needed to be purchased from the grid.
- With the slightly lower electricity rates in Smithfield Utah, the savings are still significant.
After analyzing the numbers, it seems that it would take around 5 to 6 years to cover the initial cost of the solar panels. This means that after 5 to 6 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Since solar panels have a long lifespan, you will continue to benefit from these savings for many years to come. Investing in solar panels is a wise financial decision that also contributes to a greener environment.
Investing in solar power in Smithfield Utah
Installing solar panels in Smithfield, Utah can lead to significant savings on your electricity bills in the long run. Despite the slightly lower UV rating and higher cloud cover compared to national averages, Smithfield’s weather conditions are still favorable for solar panel efficiency. With lower electricity costs in Smithfield, investing in a solar system could pay for itself within 5 to 6 years, providing you with years of cost savings and environmental benefits. By going solar, you not only save money but also contribute to a greener and more sustainable future for Smithfield.