Overview
In sunny Corning, Iowa, installing solar panels on your home can lead to significant financial savings. By analyzing weather data and electricity costs over a year, we will show you how much you can save on your utility bills by harnessing the power of the sun. With a breakdown of the cost of a solar system and an estimate of when you will break even, you can see the long-term benefits of going solar in Corning.
Corning Iowa Weather Trends
Corning Precipitation
In the last year, Corning Iowa received 37.23 inches of precipitation, ranking it in the 22nd percentile nationally and the 66th percentile in Iowa. Compared to the national average of 50.61 inches and Iowa’s average of 36.9 inches, Corning experiences a moderate amount of rainfall, making it an ideal location for harnessing solar energy.
Corning’s UV Rating
With an average UV rating of 4.13, Corning stands in the 51st percentile nationally and the 70th percentile in Iowa. While the national average is 4.29 and Iowa’s average is 4.06, Corning enjoys a decent amount of sun exposure throughout the year, perfect for generating solar power efficiently.
Corning’s Cloud Cover
Corning Iowa had an average of 42% cloud cover in the last year, placing it in the 37th percentile nationally and the 36th percentile in Iowa. Compared to the national average of 44.46% and Iowa’s average of 42.8%, Corning experiences fewer cloudy days, allowing for more consistent solar energy production.
Corning Iowa Electricity Costs
Corning residents pay about $0.1/kw for electricity, ranking them in the 15th percentile nationally and the 5th percentile in Iowa. In contrast, the national average for residential electricity is $0.13/kw, with Iowa also averaging $0.13/kw. By installing solar panels, Corning residents can take advantage of the low electricity costs and further reduce their utility expenses over time.
When could you expect to break even on a solar installation in Corning Iowa?
Considering the weather and electricity costs in Corning Iowa, 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:
- Corning Iowa receives less precipitation than the national average, making it a good location for solar panel efficiency.
- The UV ratings in Corning Iowa are slightly lower than the national average, but still suitable for generating solar power effectively.
- Cloud cover in Corning Iowa is slightly lower than the national average, providing good sun exposure for solar panels.
Now, let’s consider the electricity costs:
- Residents in Corning Iowa pay slightly less for electricity compared to the national average, which is beneficial for saving money 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, providing long-term benefits and savings.
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 cost savings.
- With the lower electricity rates in Corning Iowa, the savings from solar power are significant.
After analyzing the data, it looks like it would take around 7 years to cover the initial cost of the solar panels in Corning Iowa. This means that after 7 years, the money saved on electricity bills will start to offset the investment. Additionally, considering the long lifespan of solar panels, the savings will continue for many years after the initial break-even point. Investing in solar panels not only saves money but also contributes to a cleaner and more sustainable environment for the community.
Investing in solar power in Corning Iowa
Installing solar panels in sunny Corning, Iowa is a smart financial decision. With lower electricity costs and favorable weather conditions, residents can expect to break even on their investment in solar panels in approximately 7 years. Over the long life of the system, the savings will continue, making solar energy a cost-effective and environmentally friendly choice for the community of Corning.