Overview
Are you tired of high electricity bills in Denver, Missouri? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data and electricity costs specific to Denver, we can show you how investing in a solar system can save you money in the long run. With a breakdown of costs and estimated payback time, this article will demonstrate the financial benefits of going solar in Denver, Missouri.
Denver Missouri Weather Trends
Denver Precipitation
In the last year, Denver, Missouri received 44.59 inches of precipitation, ranking it in the 37th percentile in the nation and the 44th percentile in Missouri. Comparatively, the national average for total precipitation is 50.61 inches, while Missouri’s average is 47.04 inches. Despite receiving slightly less precipitation than the national and state averages, Denver still sees a significant amount of rainfall throughout the year.
Denver’s UV Rating
Over the last year, Denver, Missouri had an average UV rating of 4.31, placing it in the 58th percentile in the nation and the 7th percentile in Missouri. In comparison, the national average for average UV rating is 4.29, while Missouri’s average is slightly higher at 4.59. Denver also had an average max UV rating of 4.68, positioning it in the 50th percentile nationally and the 14th percentile statewide. With moderate UV levels, residents can harness solar energy effectively.
Denver’s Cloud Cover
Denver, Missouri experienced an average of 40% cloud cover in the last year, ranking it in the 28th percentile nationally and the 81st percentile within Missouri. On average, the nation sees 44.46% cloud cover, while Missouri’s average is 39.07%. With varying levels of cloud cover throughout the year, Denver residents can still benefit from solar energy even on partly cloudy days.
Denver Missouri Electricity Costs
Residents of Denver, Missouri pay approximately $0.11 per kilowatt-hour for electricity, placing them in the 38th percentile nationally and the 50th percentile in Missouri. The national average for residential electricity costs is $0.13/kw, while Missouri’s average matches Denver at $0.11/kw. By investing in solar panels, Denver residents can reduce their reliance on traditional electricity sources and save money on utility bills in the long run.
When could you expect to break even on a solar installation in Denver Missouri?
Considering the weather and electricity costs in Denver Missouri, 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:
- Denver Missouri gets slightly less rainfall than the national average, making it a good location for solar panels.
- The UV ratings in Denver Missouri are above the national average, indicating good conditions for generating solar power.
- Cloud cover in Denver Missouri is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Denver Missouri pay a bit 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 needed from the grid.
- With Denver Missouri’s electricity rates, the savings will accumulate over time.
After crunching the numbers, it appears that it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the money saved on electricity bills will begin to offset the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years beyond that initial period. Investing in solar power is a wise decision for saving money and contributing to a greener environment.
Investing in solar power in Denver Missouri
Overall, installing solar panels in Denver, Missouri can result in significant savings on electricity bills over time. With slightly lower rainfall, above-average UV ratings, and lower cloud cover compared to national averages, Denver is an ideal location for harnessing solar energy. In addition, residents in Denver pay slightly less for electricity than the national average, making the investment in solar panels even more attractive. By crunching the numbers, it’s estimated that it would take around 5-6 years to break even on the initial cost of a solar installation in Denver. Beyond that, the long lifespan of solar panels ensures continued savings for many years to come. Going solar not only saves money but also contributes to a greener environment in Denver, Missouri.