Overview
This article will show you why installing solar panels on your home in Colcord, Oklahoma can save you money in the long run. By analyzing weather data and electricity costs specific to the area, we will break down the cost of a solar system and estimate how long it will take for you to break even. With the financial benefits in mind, you will see why switching to solar power is a smart investment for your home.
Colcord Oklahoma Weather Trends
Colcord Precipitation
In the last year, Colcord Oklahoma received 60.27 inches of precipitation, ranking it in the 71st percentile in the nation and the 95th percentile in Oklahoma. Compared to the national average of 50.61 inches and Oklahoma’s average of 46.74 inches, Colcord experiences above-average rainfall, making it an ideal location for harnessing solar energy.
Colcord’s UV Rating
In the last year, Colcord Oklahoma had an average UV rating of 4.78, placing it in the 73rd percentile in the nation and the 1st percentile in Oklahoma. With an average max UV rating of 5.19, Colcord surpasses the national average of 4.29 and Oklahoma’s average of 5.2. This abundant sunlight makes Colcord a prime location for solar panel installation to maximize energy production throughout the year.
Colcord’s Cloud Cover
Colcord Oklahoma had an average of 38% cloud cover in the last year, ranking it in the 19th percentile in the nation and the 96th percentile in Oklahoma. With a lower cloud cover compared to the national average of 44.46% and Oklahoma’s average of 33.43%, Colcord enjoys more clear skies, offering consistent sunlight exposure for efficient solar panel operation.
Colcord Oklahoma Electricity Costs
Colcord residents pay about $0.12/kw for electricity, positioning them in the 50th percentile in the nation and the 94th percentile in Oklahoma. With a lower cost compared to the national average of $0.13/kw and Oklahoma’s average of $0.11/kw, investing in solar panels can help Colcord homeowners save money on their electricity bills over time.
When could you expect to break even on a solar installation in Colcord Oklahoma?
Considering the weather and electricity costs in Colcord 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:
- Colcord Oklahoma received more precipitation than the national average, but it still has enough sunny days for solar panels to be effective.
- The UV ratings in Colcord Oklahoma are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Colcord Oklahoma is slightly lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Colcord Oklahoma pay a bit 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:
- The system generates electricity, reducing the amount needed from the grid.
- With the lower electricity rates in Colcord Oklahoma, the savings may take a bit longer to cover the initial cost.
After analyzing the numbers, it would take approximately 6-8 years to cover the initial cost of the solar panels in Colcord Oklahoma. This means that after this period, the savings on electricity bills will start to accumulate and pay off the investment. Since solar panels last for a long time, you’ll continue to benefit from these savings for many years. Investing in solar power is a wise decision to save money and contribute to a sustainable future.
Investing in solar power in Colcord Oklahoma
With all factors considered, investing in solar panels in Colcord, Oklahoma is a smart financial decision. The abundant sunlight, relatively low electricity costs, and efficient solar panel operation make it possible to break even on the initial investment within 6-8 years. After that, you will continue to save money on your electricity bills for many years to come. Making the switch to solar power not only benefits your wallet but also contributes to a more sustainable future. Take the first step towards energy efficiency and start saving with solar today!