Overview
Are you a Canton Missouri resident looking to save money on your electricity bills? Installing solar panels on your home could be a smart financial decision. By analyzing weather data specific to Canton, including precipitation levels, UV ratings, and cloud cover, we can estimate the potential cost savings of a solar system over a year. With electricity costs factored in, we will break down the initial investment and calculate how long it would take for you to break even. Read on to discover the financial benefits of going solar in Canton.
Canton Missouri Weather Trends
Canton Precipitation
With Canton Missouri receiving 66.49 inches of precipitation in the last year, it is clear that the area experiences a significant amount of rainfall. This puts Canton in the 83rd percentile in the nation and the 99th percentile in Missouri, showing that it is among the top locations for precipitation in the state. Compared to the national average of 50.61 inches and Missouri’s average of 47.04 inches, Canton sees more rainfall, making it an ideal location for harnessing solar energy efficiently.
Canton’s UV Rating
Having an average UV rating of 6.97 in the last year, Canton Missouri boasts excellent sunlight exposure, ranking in the 100th percentile in both the nation and the state. With higher UV ratings than the national average of 4.29 and Missouri’s average of 4.59, Canton enjoys more sunlight throughout the year. This abundant sunlight makes it an attractive location for installing solar panels to maximize energy production.
Canton’s Cloud Cover
On average, Canton Missouri experiences 44% cloud cover, ranking in the 51st percentile in the nation and the 98th percentile in Missouri. Compared to the national average of 44.46% and Missouri’s average of 39.07%, Canton has higher cloud cover levels. With a considerable number of days featuring low to moderate cloud cover, Canton provides ample opportunities for solar panels to generate electricity efficiently, even on partially cloudy days.
Canton Missouri Electricity Costs
Residents of Canton Missouri pay approximately $0.1/kw for electricity, placing the area in the 15th percentile nationally and the 11th percentile within Missouri. In comparison, the national average for residential electricity is $0.13/kw, while Missouri’s average is slightly higher at $0.11/kw. With relatively lower electricity costs in Canton, investing in solar panels can lead to substantial savings on monthly utility bills over time.
When could you expect to break even on a solar installation in Canton Missouri?
Considering the weather and electricity costs in Canton Missouri, 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:
- Canton Missouri receives more precipitation than the national average, but it still has sufficient sunlight for solar panels to be effective.
- The UV ratings in Canton Missouri are higher than the national average, making it a good location for generating solar power.
- The cloud cover in Canton Missouri is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Canton Missouri 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, reducing the amount needed from the grid and resulting in savings on electricity bills.
- Since electricity costs are lower in Canton Missouri, the savings may be slightly less compared to areas with higher electricity rates.
After crunching the numbers, it looks like it would take around 8 to 10 years to cover the initial cost of the solar panels in Canton Missouri. This means that after 8 to 10 years, the money saved on electricity bills will start to offset the investment. And with solar panels lasting between 25 and 30 years, there will be many years of savings and benefits to enjoy. Investing in solar panels can be a smart way to save money and contribute to a cleaner environment.
Investing in solar power in Canton Missouri
Installing solar panels in Canton, Missouri can be a financially savvy decision for residents looking to save money on electricity bills. With ample sunlight exposure and lower electricity costs compared to national averages, investing in solar power can lead to significant savings over time. By breaking down the costs and considering the weather data specific to Canton, we estimate that it would take between 8 to 10 years to break even on the initial investment. With solar panels lasting up to 30 years, residents can enjoy years of savings and environmental benefits. Overall, going solar in Canton can not only lead to financial advantages but also contribute to a greener planet.