Overview
Are you tired of high electricity bills in Central Alaska? Installing solar panels on your home can help you save money in the long run. By analyzing weather data from the area and electricity costs, we will break down the cost of a solar system and estimate how quickly you can break even on your investment. Let’s explore the financial benefits of going solar in Central Alaska.
Central Alaska Weather Trends
Central Precipitation
With only 15.81 inches of precipitation in the last year, Central Alaska ranks in the 3rd percentile nationwide and in Alaska. Compared to the national average of 50.61 inches and Alaska’s average of 57.06 inches, Central’s low precipitation levels make it an ideal location for solar panel installation. By capturing the abundant sunlight without excessive rain, you can maximize your energy production.
Central’s UV Rating
Central Alaska’s average UV rating of 1.76 places it in the 0th percentile in the nation and the 43rd percentile in Alaska. Although the national average is significantly higher at 4.29, Central’s bright sun exposure is perfect for generating solar energy. With an average max UV rating of 2.38, Central ranks in the 3rd percentile nationally and in the 84th percentile in Alaska, ensuring consistent energy production throughout the year.
Central’s Cloud Cover
Central Alaska experiences an average cloud cover of 67%, ranking it in the 99th percentile in the nation and the 37th percentile in Alaska. While this may seem high, the majority of cloudy days fall within the 75%-100% range. By strategically placing solar panels to capture sunlight during the 32 clear days, you can still benefit from solar energy despite the cloud cover.
Central Alaska Electricity Costs
Central Alaska residents pay about $0.38/kw for electricity, placing it in the 100th percentile nationwide and the 89th percentile in the state. In comparison, the national average for residential electricity is $0.13/kw, while Alaska’s average is $0.34/kw. By investing in solar panels, you can reduce your reliance on expensive grid electricity and save money in the long run while also contributing to a greener environment.
When could you expect to break even on a solar installation in Central Alaska?
Considering the weather and electricity costs in Central Alaska, 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:
- Central Alaska receives less precipitation compared to the national average, which is good for solar panel efficiency.
- The UV ratings in Central Alaska are lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Central Alaska is higher than the national average, with many days having between 75% and 100% cloud cover.
Now, let’s consider the electricity costs:
- Residents in Central Alaska pay more 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 amount needed from the grid, especially with higher electricity costs in Central Alaska.
After analyzing the data, it appears that it would take around 7 years to recoup the initial cost of the solar panels. This means that after 7 years, the savings on electricity bills will begin to offset the investment. Since solar panels have a lifespan of 25 to 30 years, you can enjoy these savings for many years after breaking even. Investing in solar power is not only financially beneficial but also environmentally friendly. It’s a wise decision for long-term savings and sustainability!
Investing in solar power in Central Alaska
Installing solar panels in Central Alaska can be a smart financial move, helping you save money on electricity bills over time. By taking advantage of the area’s low precipitation levels, ample sunlight exposure, and high electricity costs, you can expect to break even on your solar investment in about 7 years. With the solar system lasting up to 30 years, you can enjoy significant savings and contribute to a greener environment for many years to come. Investing in solar power in Central Alaska is a wise choice for both your wallet and the planet!