Overview
Are you tired of ever-increasing electricity bills? In this article, we will show you how installing solar panels on your Allen Oklahoma home can save you money in the long run. By analyzing weather data and electricity costs specific to your area, we will break down the cost of a solar system and estimate how quickly you can start seeing a return on your investment. With the financial benefits of going solar, you can take control of your energy usage and save money on your monthly expenses.
Allen Oklahoma Weather Trends
Allen Precipitation
With Allen Oklahoma receiving 49.16 inches of precipitation in the last year, it falls in the 46th percentile in the nation and the 61st percentile in Oklahoma. Comparing this to the national average of 50.61 inches and Oklahoma’s average of 46.74 inches, it’s clear that Allen’s precipitation levels are relatively average.
Allen’s UV Rating
Allen Oklahoma had an average UV rating of 5.2 in the last year, placing it in the 83rd percentile in the nation and the 58th percentile in Oklahoma. Compared to the national average of 4.29 and Oklahoma’s average of 5.2, Allen’s UV levels are higher, making it an ideal location for harnessing solar energy for your home.
Allen’s Cloud Cover
With an average of 34% cloud cover in the last year, Allen Oklahoma ranks in the 12th percentile in the nation and the 56th percentile in Oklahoma. The national average for cloud cover is 44.46%, while Oklahoma’s average is 33.43%. Allen’s lower cloud cover percentages make it a favorable location for maximizing solar panel efficiency.
Allen Oklahoma Electricity Costs
Allen residents pay about $0.1/kw for electricity, placing them in the 13th percentile in the nation and the 21st percentile in Oklahoma. In comparison, the national average for residential electricity is $0.13/kw, and Oklahoma’s average is $0.11/kw. By installing solar panels, you can take advantage of Allen’s affordable electricity rates and significantly reduce your monthly energy expenses.
When could you expect to break even on a solar installation in Allen Oklahoma?
Considering the weather and electricity costs in Allen, Oklahoma, 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:
- Allen, Oklahoma gets slightly less rain than the national average, making it a good location for solar panels.
- The UV ratings in Allen, Oklahoma are higher than the national average, providing ample sunlight for solar power generation.
- Cloud cover in Allen, Oklahoma is lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Allen, Oklahoma pay a lower rate for electricity compared to the national average, at $0.10 per kw.
With this information, let’s break down the costs:
- A standard 10kW solar system 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 Allen’s lower electricity rates, the savings from using solar power are significant.
After analyzing the data, it looks like it would take approximately 5 years to cover the initial cost of the solar panels in Allen, Oklahoma. Starting from the 6th year, the money saved on electricity bills will start to accumulate and pay off the investment. Plus, considering the long lifespan of solar panels, the savings will continue for many years beyond the break-even point. Investing in solar panels not only saves money in the long run but also contributes to a greener environment. It’s a wise and sustainable choice for homeowners in Allen, Oklahoma!
Investing in solar power in Allen Oklahoma
Investing in solar panels for your Allen, Oklahoma home can be a smart financial decision. By taking advantage of the area’s favorable weather conditions and affordable electricity rates, you can expect to break even on your investment in approximately 5 years. From the 6th year onwards, the savings on your electricity bills will continue to accumulate, providing long-term financial benefits. Not only will you save money, but you will also be contributing to a more sustainable environment. Making the switch to solar power is a wise and practical choice for homeowners in Allen, Oklahoma!