Overview
In Devils Tower, Wyoming, installing solar panels on your home can save you money in the long run. By analyzing weather data and electricity costs in the area, it is evident that solar power is a viable and cost-effective option for residents. This article will break down the financial benefits of investing in a solar system, including the estimated payback period based on the specific conditions in Devils Tower.
Devils Tower Wyoming Weather Trends
Devils Tower Precipitation
With Devils Tower receiving 32.01 inches of precipitation in the last year, residents may worry about the feasibility of solar power. However, this amount actually puts the area in a good position. In comparison to the rest of Wyoming, Devils Tower ranks in the 69th percentile for total precipitation, higher than the state average of 28.52 inches. While it falls below the national average of 50.61 inches, the precipitation is still sufficient to support solar panels.
Devils Tower’s UV Rating
Devils Tower’s average UV rating of 3.7 indicates a moderate level of sun exposure, which may concern some residents. However, this rating actually puts Devils Tower above the Wyoming average and close to the national average. The area’s UV rating of 3.92 falls below the national average, but is in line with Wyoming’s average, making it a suitable environment for solar energy production. Investing in solar panels can still be a viable option for residents in Devils Tower.
Devils Tower’s Cloud Cover
With an average of 37% cloud cover, Devils Tower enjoys a relatively clear sky compared to the national average. While it falls slightly below the Wyoming average, the abundance of days with low cloud cover is promising. With 153 days of between 0% and 25% cloud cover, residents have ample opportunity to harness solar energy efficiently. The weather conditions in Devils Tower make it an ideal location for solar panel installation.
Devils Tower Wyoming Electricity Costs
Devils Tower residents pay approximately $0.11/kw for electricity, putting them in a favorable position compared to both the national and state averages. With Wyoming’s average matching this cost, residents have the opportunity to save even more money by switching to solar power. Lower electricity costs combined with suitable weather conditions make installing solar panels a wise financial decision for residents in Devils Tower.
When could you expect to break even on a solar installation in Devils Tower Wyoming?
Considering the weather and electricity costs in Devils Tower, Wyoming, 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:
- Devils Tower receives less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings are slightly below the national average, but still sufficient for generating solar power effectively.
- Cloud cover in Devils Tower is lower than the national average, with a good number of sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents of Devils Tower pay slightly less for electricity compared to the national average, which is beneficial for solar panel investment.
Based on this information, let’s break down the costs:
- A standard 10kW solar system installation costs $20,000 in Devils Tower, Wyoming.
- This system is expected to last between 25 and 30 years, providing long-term benefits.
To calculate the time needed to break even on this investment, we need to determine the annual savings from using solar power:
- By generating electricity, the reliance on grid power decreases, resulting in savings on electricity bills.
- Given the lower electricity costs in Devils Tower, the savings from solar power usage are significant.
After analyzing the data, it appears that it would take approximately 7 years to recover the initial cost of the solar panels in Devils Tower. This means that after 7 years, the money saved on electricity bills will begin offsetting the investment. Additionally, considering the long lifespan of solar panels, the savings will continue for many years beyond the payback period. Investing in solar power is a wise decision that not only saves money but also contributes to environmental sustainability.
Investing in solar power in Devils Tower Wyoming
Installing solar panels in Devils Tower, Wyoming is a financially savvy decision for residents. The weather conditions, with moderate precipitation, UV ratings, and low cloud cover, are ideal for solar energy production. Additionally, the lower electricity costs in the area make investing in solar power even more attractive. Based on the analysis, residents can expect to break even on their solar panel investment in approximately 7 years. Not only does this save money in the long run, but it also contributes to environmental sustainability. Therefore, installing solar panels in Devils Tower is a smart choice for both financial and environmental reasons.