Overview
If you live in Coleman, Oklahoma, installing solar panels on your home can help you save money on your electricity bills. By analyzing weather data for the area, we have determined that the sunny days and low cloud cover make it an ideal location for harnessing solar energy. In this article, we will break down the cost of a solar system for your home and estimate how long it will take for you to break even on your investment. By making the switch to solar energy, you can not only save money in the long run but also reduce your carbon footprint.
Coleman Oklahoma Weather Trends
Coleman Precipitation
With Coleman, Oklahoma receiving 47.67 inches of precipitation in the last year, it falls in the 43rd percentile nationwide and the 56th percentile in Oklahoma. Comparing this to the national average of 50.61 inches and Oklahoma’s average of 46.74 inches, Coleman’s lower precipitation levels make it an ideal location for harnessing solar energy.
Coleman’s UV Rating
In the last year, Coleman, Oklahoma had an average UV rating of 5.35, placing it in the 86th percentile in the nation and the 82nd percentile in Oklahoma. Compared to the national average of 4.29 and Oklahoma’s average of 5.2, Coleman’s higher UV rating indicates more sunshine, making it a great place for solar panel installation.
Coleman’s Cloud Cover
With an average of 34% cloud cover in the last year, Coleman, Oklahoma is in the 12th percentile nationally and the 58th percentile in Oklahoma. In comparison, the national average for cloud cover is 44.46%, and Oklahoma’s average is 33.43%. Coleman experiences many days with clear skies, providing ample sunlight for solar energy generation.
Coleman Oklahoma Electricity Costs
Residents of Coleman, Oklahoma pay $0.11/kw for electricity, placing them in the 30th percentile nationally and the 68th percentile statewide. Compared to the national average of $0.13/kw and Oklahoma’s average of $0.11/kw, Coleman’s lower electricity costs make switching to solar even more financially beneficial in the long run.
When could you expect to break even on a solar installation in Coleman Oklahoma?
Considering the weather and electricity costs in Coleman 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:
- Coleman Oklahoma received slightly less precipitation than the national average, making it a good place for solar panels.
- The UV ratings in Coleman Oklahoma are higher than the national average, making it a great location for solar power generation.
- Cloud cover in Coleman Oklahoma is lower than the national average, with a good number of clear days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Coleman Oklahoma pay slightly less for electricity compared to the national average, which is a good thing for savings with solar panels.
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 purchased from the grid.
- Given Coleman Oklahoma’s lower electricity rates, the savings will add up over the years.
After crunching the numbers, it looks like it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the money saved on electricity bills will start to offset the initial investment. Considering that solar panels last for many years, you’ll continue to enjoy those savings for a long time, making it a wise financial and environmental decision.
Investing in solar power in Coleman Oklahoma
After analyzing the weather data, electricity costs, and potential savings from solar energy in Coleman, Oklahoma, it is clear that installing solar panels is a smart investment. With the ideal sunny days, low cloud cover, and lower electricity costs in the area, residents can expect to break even on their solar panel investment in about 5-6 years. Not only will this save money in the long run, but it will also reduce your carbon footprint, making it a wise financial and environmental decision for homeowners in Coleman, Oklahoma.