Overview
If you’re a Bentonville Arkansas resident looking to save money on electricity bills, installing solar panels on your home could be a smart financial move. By analyzing weather data and electricity costs specific to Bentonville, we can show you how much you can potentially save over time. With the right solar system, you can break even in a reasonable amount of time and enjoy long-term financial benefits. Read on to learn more about the cost savings of going solar in Bentonville.
Bentonville Arkansas Weather Trends
Bentonville Precipitation
With Bentonville receiving 64.18 inches of precipitation in the last year, it is clear that the area gets a fair amount of rainfall. Compared to the national average of 50.61 inches, Bentonville ranks in the 79th percentile, showing a higher precipitation rate. In Arkansas, Bentonville is in the 92nd percentile, indicating a significant amount of rainfall compared to the state average of 54.5 inches.
Bentonville’s UV Rating
In terms of UV rating, Bentonville has an average of 4.75, placing it in the 72nd percentile nationally and the 9th percentile within Arkansas. This means Bentonville gets a moderate amount of sun exposure. Comparing this to the national average of 4.29, Bentonville has relatively higher UV rating levels. However, when looking at Arkansas’s average of 5.13, there is room for improvement in maximizing solar energy from the sun.
Bentonville’s Cloud Cover
With an average of 38% cloud cover in Bentonville over the last year, residents can expect a good amount of sunshine for solar panel efficiency. In comparison to the national average of 44.46%, Bentonville ranks below the average, indicating more sunny days. However, within Arkansas, Bentonville is in the 54th percentile for cloud cover, suggesting a decent balance of sunshine and cloudy days for solar energy production.
Bentonville Arkansas Electricity Costs
Residents of Bentonville pay about $0.11/kw for electricity, which is lower than the national average of $0.13/kw. This places Bentonville in the 29th percentile nationally and the 74th percentile within Arkansas. With competitive electricity costs compared to the rest of the country, installing solar panels in Bentonville can lead to even greater savings and long-term benefits in the long run.
When could you expect to break even on a solar installation in Bentonville Arkansas?
Considering the weather and electricity costs in Bentonville, Arkansas, 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:
- Bentonville gets more rain than the national average, but it still has enough sunshine for solar panels to work effectively.
- The UV ratings in Bentonville are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Bentonville is slightly below the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Bentonville 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 need to buy as much from the grid.
- With slightly lower electricity rates in Bentonville, the savings are still significant.
After crunching the numbers, it looks like it would take around 5 years to cover the initial cost of the solar panels. This means that after 5 years, the money saved on electricity bills will start to add up and pay off the investment. Keep in mind that solar panels last for a long time, so after that initial period, you’ll continue to enjoy those savings for many years to come. It’s a wise investment that not only saves money but also benefits the environment!
Investing in solar power in Bentonville Arkansas
By analyzing the weather trends and electricity costs specific to Bentonville, Arkansas, it is clear that installing solar panels can lead to significant cost savings and long-term financial benefits for residents. With higher than average UV ratings and slightly lower cloud cover, Bentonville offers a favorable environment for solar energy production. Additionally, with competitive electricity costs compared to the national average, the investment in solar panels can pay off in approximately 5 years. This initial cost recovery period is followed by years of continued savings on electricity bills, making solar panel installation a wise financial move for Bentonville residents.