Overview
In Cache, Oklahoma, installing solar panels on your home can save you money in the long run. By analyzing data on weather conditions and electricity costs, we can show you how much you can potentially save by switching to solar energy. With a breakdown of system costs and estimated break-even timelines, we will demonstrate the financial benefits of making the switch to solar power in Cache.
Cache Oklahoma Weather Trends
Cache Precipitation
With Cache, Oklahoma receiving 51.31 inches of precipitation in the last year, residents are in a good position to benefit from solar energy. Compared to the national average of 50.61 inches, Cache is slightly above average, but when compared to the rest of Oklahoma, it’s even higher. This means that by harnessing the power of the sun, residents can offset their electricity costs and reduce their carbon footprint.
Cache’s UV Rating
Cache, Oklahoma boasts an impressive average UV rating of 6.98, which is higher than both the national average of 4.29 and Oklahoma’s average of 5.2. Additionally, with an average max UV rating of 7.35, Cache residents are in a prime location for solar energy production. By installing solar panels, residents can take advantage of the abundant sunshine and decrease their reliance on traditional electricity sources.
Cache’s Cloud Cover
Despite having an average of 36% cloud cover, Cache, Oklahoma still offers ample opportunities for solar energy generation. Compared to the national average of 44.46% cloud cover, Cache’s lower percentage means more sunlight is available for harnessing energy. With a mix of clear and cloudy days, residents can still benefit from solar power and see savings on their electricity bills.
Cache Oklahoma Electricity Costs
Cache residents pay about $0.1/kw for electricity, which is lower than the national average of $0.13/kw. While Oklahoma’s average is slightly lower at $0.11/kw, Cache still enjoys relatively affordable electricity rates. By making the switch to solar energy, residents can further reduce their energy costs and insulate themselves from potential future price hikes in traditional electricity rates.
When could you expect to break even on a solar installation in Cache Oklahoma?
Considering the weather and electricity costs in Cache 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:
- Cache Oklahoma receives slightly more precipitation than the national average, but it still gets enough sunlight for solar panels to be effective.
- The UV ratings in Cache Oklahoma are higher than the national average, making it a good location for generating solar power.
- Cache Oklahoma has lower cloud cover compared to the national average, with a good number of clear days suitable for solar energy generation.
Now, let’s consider the electricity costs:
- Residents in Cache Oklahoma pay less for electricity compared to the national average, which can affect the savings from using solar power.
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, which reduces the need to purchase electricity from the grid, leading to savings on the electricity bill.
- With Cache Oklahoma’s lower electricity rates, the savings might take longer to cover the initial cost compared to areas with higher electricity rates.
After analyzing the data, it is estimated that it may take around 8 to 10 years to cover the initial cost of the solar panels in Cache Oklahoma. Despite taking longer than in areas with higher electricity costs, the savings on electricity bills will eventually offset the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years after the initial cost is covered. Investing in solar panels can be a cost-effective and environmentally friendly choice for residents in Cache Oklahoma.
Investing in solar power in Cache Oklahoma
After analyzing the data on weather conditions, electricity costs, and the potential savings from switching to solar power in Cache, Oklahoma, it is clear that investing in solar panels can be a smart financial decision. Despite taking a bit longer to break even compared to areas with higher electricity rates, residents in Cache can expect to cover the initial cost of solar panels within 8 to 10 years. The long lifespan of solar panels means that savings on electricity bills will continue for many years, making solar energy a cost-effective and environmentally friendly choice for residents in Cache, Oklahoma.