Overview
Living in Cromwell, Oklahoma, you may be wondering if switching to solar energy is worth the investment. By analyzing weather data and electricity costs over the course of a year, we have found that residents of Cromwell can benefit financially from installing solar panels on their homes. In this article, we will break down the costs of a solar system and estimate the time it will take to break even, ultimately showing you how going solar can save you money in the long run.
Cromwell Oklahoma Weather Trends
Cromwell Precipitation
With Cromwell receiving 49.5 inches of precipitation in the last year, it is worth noting that this puts the town above the national average of 50.61 inches, placing it in the 47th percentile in the nation and the 63rd percentile in Oklahoma. Considering that Oklahoma’s average for total precipitation is 46.74 inches, Cromwell’s slightly higher precipitation levels make it an ideal location for solar panel installation.
Cromwell’s UV Rating
In terms of UV ratings, Cromwell boasts an average rating of 5.12, indicating a higher solar potential compared to both the national average of 4.29 and Oklahoma’s average of 5.2. Additionally, Cromwell’s max UV rating of 5.56 further solidifies its position in the 68th percentile in the nation and the 33rd percentile in Oklahoma. These high UV ratings make investing in solar panels a financially sound decision for residents.
Cromwell’s Cloud Cover
With an average cloud cover of 35%, Cromwell is situated in the 13th percentile in the nation and the 66th percentile in Oklahoma. Comparing this data to the national average of 44.46% and Oklahoma’s average of 33.43%, it is clear that Cromwell experiences favorable conditions for solar energy production. Additionally, the distribution of cloud cover days throughout the year allows for consistent solar panel efficiency.
Cromwell Oklahoma Electricity Costs
Residents of Cromwell pay about $0.09/kW for electricity, making it one of the most affordable locations in both the nation and Oklahoma. In comparison, the national average for residential electricity is $0.13/kW, while Oklahoma’s average stands at $0.11/kW. By investing in solar panels, Cromwell residents can significantly reduce their electricity costs and save money in the long run.
When could you expect to break even on a solar installation in Cromwell Oklahoma?
Considering the weather and electricity costs in Cromwell, 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:
- Cromwell gets slightly less rain compared to the national average, along with good UV ratings and moderate cloud cover, making it suitable for solar panels.
- The UV ratings in Cromwell are higher than the national average, which is good for generating solar power.
- Cloud cover in Cromwell is lower than the national average, with a mix of clear and cloudy days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Cromwell pay less for electricity compared to the national average, making solar energy a cost-effective choice.
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 at the lower electricity rates in Cromwell.
- With the lower electricity costs, the savings may accumulate more slowly but still provide a beneficial return on investment over time.
After analyzing the data, it appears that it would take approximately 6-7 years to cover the initial cost of the solar panels in Cromwell. This means that after this period, the savings on electricity bills will start to offset the investment cost. Since solar panels have a long lifespan, these savings will continue to benefit residents for many years. It’s a wise choice to save money and contribute to a greener environment simultaneously!
Investing in solar power in Cromwell Oklahoma
Switching to solar energy in Cromwell, Oklahoma, is a smart investment that can save residents money in the long run. With favorable weather conditions and low electricity costs, installing solar panels can lead to significant savings on electricity bills. By analyzing the data, we estimate that residents can expect to break even on their investment in solar panels within 6-7 years. This means that after this initial period, the savings on electricity bills will start to offset the cost of the panels, providing long-term financial benefits. Making the switch to solar energy is not only a financially sound decision but also a step towards a greener, more sustainable future.