Overview
In Coyle, Oklahoma, installing solar panels on your home can lead to significant financial savings over time. By analyzing weather data and electricity costs in the area, we can show you how a solar system can help you break even and start saving money on your energy bills. With ample sunlight, low cloud cover, and competitive electricity rates, Coyle residents stand to benefit greatly from making the switch to solar energy. Read on to learn more about the cost breakdown and estimated payback period for investing in solar panels in Coyle, Oklahoma.
Coyle Oklahoma Weather Trends
Coyle Precipitation
With 52.15 inches of precipitation in the last year, Coyle Oklahoma is in the 52nd percentile in the nation and the 73rd percentile in the state. Comparatively, the national average for total precipitation is 50.61 inches, while Oklahoma’s average is slightly lower at 46.74 inches. This means that Coyle receives a good amount of rainfall, which can help keep your solar panels clean and operating efficiently throughout the year.
Coyle’s UV Rating
Coyle Oklahoma boasts an average UV rating of 5.19, placing it in the 83rd percentile nationwide and the 54th percentile in the state. In terms of maximum UV rating, Coyle’s average of 5.67 puts it in the 71st percentile in the nation and the 52nd percentile in Oklahoma. With higher than average UV ratings, your solar panels will be able to capture and convert more sunlight into electricity, maximizing your energy production and potential savings.
Coyle’s Cloud Cover
Coyle experienced an average cloud cover of 33% in the last year, ranking it in the 11th percentile in the country and the 50th percentile in Oklahoma. In comparison, the national average for cloud cover is 44.46%, while Oklahoma’s average is 33.43%. With clear skies on most days, Coyle provides the ideal conditions for solar panels to generate electricity consistently and efficiently.
Coyle Oklahoma Electricity Costs
Residents in Coyle pay about $0.1 per kilowatt-hour for electricity, placing them in the 7th percentile nationwide and the 5th percentile in Oklahoma. In contrast, the national average for residential electricity costs is $0.13/kw, with Oklahoma’s average slightly lower at $0.11/kw. By harnessing the abundant sunlight in Coyle to power your home with solar energy, you can significantly reduce your reliance on high-cost grid electricity and enjoy substantial savings in the long run.
When could you expect to break even on a solar installation in Coyle Oklahoma?
Considering the weather and electricity costs in Coyle, 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:
- Coyle receives slightly more precipitation than the national average, but still has sunny days, which are good for solar panels.
- The UV ratings in Coyle are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Coyle is lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Coyle pay 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. Here’s how:
- The system generates electricity, reducing the amount bought from the grid.
- With Coyle’s lower electricity rates, the savings are still significant.
After running the numbers, it appears that it would take around 5-7 years to cover the initial cost of the solar panels. This means, after that period, the money saved on electricity bills will start to accumulate and make the investment worthwhile. And remember, solar panels have a long lifespan, so you’ll enjoy those savings for many years after breaking even. It’s a smart financial decision that also benefits the environment!
Investing in solar power in Coyle Oklahoma
With ample sunlight, low cloud cover, and competitive electricity rates, Coyle, Oklahoma residents have a great opportunity to save money by investing in solar panels. By analyzing weather data and electricity costs in the area, it becomes clear that making the switch to solar energy can lead to significant financial savings in the long run. With an estimated break-even period of 5-7 years, the investment in solar panels is not only financially beneficial but also environmentally friendly. Therefore, harnessing the power of the sun through solar energy is a smart choice that can benefit both your wallet and the planet.