Overview
Are you a Coram Montana resident looking to save money on your electricity bills? If so, installing solar panels on your home could be a smart financial decision. In this article, we will break down the cost of a solar system, estimate how long it will take to break even, and highlight the financial benefits of generating your own clean energy. With data collected on weather patterns and electricity costs specific to Coram Montana, you’ll see just how much you can save by going solar.
Coram Montana Weather Trends
Coram Precipitation
In the last year, Coram Montana received 23.83 inches of precipitation, placing it in the 8th percentile in the nation and the 36th percentile in Montana. Compared to the national average of 50.61 inches and Montana’s average of 28.52 inches, Coram sees less rainfall. With lower precipitation levels, installing solar panels can be a great way to take advantage of the abundant sunshine and save on electricity bills.
Coram’s UV Rating
Over the last year, Coram Montana had an average UV rating of 3.19, ranking it in the 7th percentile nationwide and the 27th percentile in Montana. With a lower UV rating compared to the national average of 4.29 and Montana’s average of 3.4, Coram residents experience slightly less intense sunlight. However, even with lower UV levels, solar panels can still efficiently generate electricity and help reduce reliance on the grid.
Coram’s Cloud Cover
Coram Montana had an average of 49% cloud cover in the last year, placing it in the 69th percentile nationwide and the 91st percentile in Montana. Compared to the national average of 44.46% and Montana’s average of 41.59%, Coram experiences more cloudy days. Despite this, there are still plenty of sun-filled days to make solar panels a viable option for generating clean energy and cutting down on electricity costs.
Coram Montana Electricity Costs
Residents of Coram Montana pay approximately $0.1/kw for electricity, which is in the 5th percentile nationally and the 25th percentile in Montana. With the national average at $0.13/kw and Montana’s average at $0.12/kw, Coram enjoys lower electricity costs. By harnessing the power of solar energy, homeowners in Coram can significantly reduce their reliance on traditional energy sources and benefit financially in the long run.
When could you expect to break even on a solar installation in Coram Montana?
Considering the weather and electricity costs in Coram Montana, 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:
- Coram Montana receives less precipitation compared to the national average, making it a suitable location for solar panels.
- The UV ratings in Coram Montana are slightly lower than the national average but are still sufficient for generating solar power effectively.
- Cloud cover in Coram Montana is slightly higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Coram Montana pay slightly less for electricity compared to the national average, making solar power a cost-effective option.
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 solar system reduces the amount of electricity that needs to be purchased from the grid, resulting in cost savings over time.
- Given the lower electricity costs in Coram Montana, the savings from using solar power are significant.
After analyzing the data, it appears that it would take approximately 7-8 years to recover the initial cost of the solar panels. This means that after the 7-8 year mark, the money saved on electricity bills will exceed the initial investment. Furthermore, since solar panels have a lifespan of 25-30 years, this investment will continue to provide savings for many years to come. It’s a wise financial decision that also contributes to environmental sustainability!
Investing in solar power in Coram Montana
Installing solar panels in Coram Montana can be a beneficial financial decision for residents looking to save money on electricity bills. Despite the slightly lower UV ratings and higher cloud cover compared to national averages, the abundance of sunshine and lower electricity costs in Coram make solar energy an attractive option. By calculating the costs and savings over time, it’s estimated that homeowners can break even on their investment in solar panels within 7-8 years, leading to long-term financial benefits and environmental sustainability. Taking advantage of clean energy sources like solar power not only saves money but also contributes to a greener future for Coram Montana.