Overview
In Peridot, Arizona, installing solar panels on your home can lead to significant financial benefits due to the area’s ideal weather conditions for solar energy production. With a high average max UV rating and low percentage of cloud cover, residents can take advantage of ample sunlight to generate electricity. By analyzing the cost of a solar system and comparing it to traditional electricity expenses, homeowners can expect to break even in a relatively short amount of time, ultimately saving money in the long run.
Peridot Arizona Weather Trends
Peridot Precipitation
With Peridot, Arizona receiving only 10.44 inches of precipitation in the last year, the area ranks in the 2nd percentile in the nation and the 54th percentile in Arizona. This low level of precipitation compared to the national average of 50.61 inches and Arizona’s average of 12 inches means that residents can rely more on solar energy rather than other energy sources, saving money in the long run.
Peridot’s UV Rating
Peridot, Arizona enjoys an average UV rating of 5.59, placing it in the 90th percentile in the nation and the 57th percentile in Arizona. The higher UV rating compared to the national average of 4.29 and Arizona’s average of 5.41 means that residents can benefit greatly from solar panel installation. With an average max UV rating of 6.22, Peridot’s solar panels can generate even more electricity efficiently.
Peridot’s Cloud Cover
Peridot, Arizona experiences an average of 18% cloud cover, ranking it in the 1st percentile in the nation and the 43rd percentile in Arizona. With significantly less cloud cover compared to the national average of 44.46% and Arizona’s average of 19.26%, residents have more sunny days to harness the power of solar energy. This means a more consistent energy production and potential savings on electricity bills.
Peridot Arizona Electricity Costs
Peridot, Arizona residents pay around $0.13/kw for electricity, placing them in the 74th percentile in the nation and the 63rd percentile in Arizona. While this cost is in line with the national and state averages, investing in solar panels can help reduce or eliminate these electricity costs over time, providing long-term financial benefits for homeowners in Peridot.
When could you expect to break even on a solar installation in Peridot Arizona?
Considering the weather and electricity costs in Peridot Arizona, 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:
- Peridot Arizona receives less precipitation than the national average, making it a suitable location for solar panel installation.
- The UV ratings in Peridot Arizona are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in Peridot Arizona is below the national average, with a majority of days having clear skies for solar panel efficiency.
Now, let’s consider the electricity costs:
- Residents in Peridot Arizona pay about the national average for electricity, making it a cost-effective option for using solar panels.
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:
- By generating electricity from the solar panels, residents in Peridot Arizona can reduce their reliance on grid electricity, resulting in savings.
- With electricity costs at the national average, the savings will help offset the initial investment over time.
After analyzing the data, it seems that it would take approximately 5-7 years to cover the initial cost of the solar panels. This means that after 5-7 years, the money saved on electricity bills will begin to compensate for the investment. Additionally, with solar panels lasting for 25-30 years, the savings will continue for many years beyond the breakeven point. Investing in solar panels is a smart financial and environmental choice for residents in Peridot Arizona.
Investing in solar power in Peridot Arizona
Installing solar panels in Peridot, Arizona is a financially sound decision due to the area’s favorable weather conditions for solar energy production. With high UV ratings, low cloud cover, and average electricity costs, residents can expect to break even on their investment in solar panels within 5-7 years. Beyond that, they will continue to save money on electricity bills for decades to come, making solar panel installation a wise choice for homeowners in Peridot, Arizona.