Overview
In this article, we will explore the financial benefits of installing solar panels on your home in Bennett, Colorado. By analyzing weather data and electricity costs specific to Bennett, we will show you how much you can save on your electricity bill by switching to solar power. We will break down the cost of a solar system and estimate how long it will take for you to break even, ultimately showcasing the long-term savings and advantages of going solar in Bennett.
Bennett Colorado Weather Trends
Bennett Precipitation
With only 36.29 inches of precipitation in the last year, Bennett is below the national average of 50.61 inches. However, compared to the rest of Colorado, Bennett falls slightly above the state average of 35.53 inches. By harnessing the power of solar energy, residents can take advantage of the sunny days in Bennett to offset any potential losses due to lower precipitation levels.
Bennett’s UV Rating
With an average UV rating of 3.92, Bennett is slightly below the national average of 4.29. However, when compared to the rest of Colorado, Bennett is on par with the state average of 4.02. With an average max UV rating of 4.17, Bennett is also in line with the state average and has the potential for strong solar energy production. By installing solar panels, residents can make the most of sunny days and maximize energy savings.
Bennett’s Cloud Cover
Despite having an average of 33% cloud cover, Bennett falls below the national average of 44.46%. Compared to the rest of Colorado, Bennett is right around the state average of 33.65%. With a significant number of days with clear skies, residents in Bennett have ample opportunities to generate solar power and reduce their reliance on traditional electricity sources.
Bennett Colorado Electricity Costs
Residents in Bennett pay about $0.13/kw for electricity, which is in line with the national average. However, compared to the rest of Colorado, Bennett’s electricity costs are slightly lower than the state average of $0.14/kw. By installing solar panels, residents can lock in lower electricity costs and potentially even earn credits for excess energy generated, leading to significant long-term savings on their electricity bills.
When could you expect to break even on a solar installation in Bennett Colorado?
Considering the weather and electricity costs in Bennett, 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:
- Bennett, Colorado receives less precipitation compared to the national average, making it a good location for solar panels to work effectively.
- The UV ratings in Bennett, Colorado are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in Bennett, Colorado is below the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Bennett, Colorado pay 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 need to purchase from the grid.
- With electricity costs at the national average, the savings will be consistent.
After analyzing the data, it looks like it would take around 8 years to cover the initial cost of the solar panels in Bennett, Colorado. This means that after 8 years, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels have a long lifespan, the savings will continue for many years after the initial investment is recovered. Investing in solar panels not only saves money but also benefits the environment in the long run.
Investing in solar power in Bennett Colorado
By analyzing the specific weather trends and electricity costs in Bennett, Colorado, it is clear that investing in solar panels can lead to significant long-term financial benefits. With lower precipitation levels, suitable UV ratings, and clear skies, Bennett provides an ideal environment for generating solar power. Additionally, with electricity costs in line with the national average, residents in Bennett can expect to break even on their investment in solar panels in approximately 8 years. This not only results in savings on electricity bills but also contributes to a more sustainable future. Going solar in Bennett, Colorado is a smart financial decision that can have a lasting impact on both your wallet and the environment.