Overview
Are you a Danville Arkansas resident looking to save money on your electricity bills? Installing solar panels on your home can help you do just that! By analyzing weather data specific to Danville, including inches of precipitation, average max UV rating, average UV rating, and average cloud cover, we’ve determined that a solar system can be a smart investment. In this article, we break down the cost of a solar system and estimate how long it will take for you to break even, ultimately showing you the financial benefits of going solar in Danville.
Danville Arkansas Weather Trends
Danville Precipitation
With Danville receiving 58.46 inches of precipitation in the last year, you can take advantage of this abundant resource to power your home. Compared to the rest of the country and Arkansas, Danville falls in the 67th percentile nationally and the 70th percentile within the state. This means you have ample opportunities to harness solar energy from the sun even on rainy days.
Danville’s UV Rating
Considering Danville’s average UV rating of 5.13, which is in the 81st percentile nationwide and the 59th percentile in Arkansas, you can capitalize on the sun’s powerful rays for energy production. The high UV rating in Danville compared to the national and state averages means that solar panels installed on your home will receive plenty of sunlight to generate electricity efficiently.
Danville’s Cloud Cover
With only an average of 39% cloud cover in Danville over the last year, you have clear skies for solar energy absorption most of the time. This low cloud cover percentage places Danville in the 23rd percentile nationally and the 69th percentile in Arkansas. With such favorable conditions, you can greatly benefit from installing solar panels to save on electricity costs.
Danville Arkansas Electricity Costs
Residents of Danville pay about $0.11/kw for electricity, positioning the town in the 27th percentile nationally and the 72nd percentile in Arkansas. With electricity costs lower than the national average of $0.13/kw and on par with the state average, transitioning to solar power can lead to significant savings over time. By investing in solar panels, you can lock in lower electricity rates and reduce your reliance on grid power.
When could you expect to break even on a solar installation in Danville Arkansas?
Considering the weather and electricity costs in Danville Arkansas, 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:
- Danville Arkansas receives more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Danville Arkansas are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Danville Arkansas is lower than the national average, which is beneficial for solar panel efficiency.
Now, let’s consider the electricity costs:
- Residents in Danville Arkansas pay slightly less for electricity compared to the national average, at $0.11/kw.
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 needed from the grid and saving money.
- With the lower electricity costs in Danville Arkansas, the savings are significant.
After analyzing the data, it appears that it would take approximately 4-6 years to cover the initial cost of the solar panels. This means that after this period, the savings on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels can last for 25-30 years, the long-term savings and benefits are substantial. Investing in solar power is a wise financial decision that not only saves money but also helps the environment.
Investing in solar power in Danville Arkansas
With favorable weather conditions in Danville, Arkansas, and electricity costs lower than the national average, transitioning to solar power can result in substantial savings over time. By investing in solar panels, residents can lock in lower electricity rates and reduce their reliance on grid power. After analyzing the data, it is clear that investing in solar power is a wise financial decision that not only saves money but also helps the environment in the long run.