Overview
In Drake, Colorado, installing solar panels on your home can lead to significant savings on your electricity bill. By analyzing weather data and electricity costs specific to Drake, we have determined that solar panels are a wise investment for residents in this area. With an average of 300 days of sunshine per year, along with low precipitation levels and minimal cloud cover, Drake provides ideal conditions for harnessing solar energy. By breaking down the cost of a solar system and estimating the time it takes to break even, we will show you how going solar can benefit your wallet in the long run.
Drake Colorado Weather Trends
Drake Precipitation
With Drake receiving 49.28 inches of precipitation last year, it falls slightly below the national average of 50.61 inches. Compared to the rest of Colorado, Drake is above average in terms of precipitation. By harnessing solar energy to power your home, you can take advantage of Drake’s relatively low precipitation levels for a more stable and reliable source of electricity.
Drake’s UV Rating
Drake’s average UV rating of 2.93 may seem low compared to the national and state averages, but it is actually quite suitable for solar energy production. With an average max UV rating of 3.06, Drake has enough sunlight to generate significant amounts of solar power. By installing solar panels on your home, you can capitalize on Drake’s UV ratings to save money on your electricity bill.
Drake’s Cloud Cover
At an average of 37% cloud cover, Drake offers a clear sky for a significant portion of the year, making it ideal for solar panel installations. Compared to the national and state averages, Drake has lower cloud cover, providing more opportunities for solar energy production. With numerous days of minimal cloud cover, residents in Drake can benefit from increased solar savings by going solar.
Drake Colorado Electricity Costs
Drake residents pay about $0.12/kw for electricity, which is below both the national and state averages. By investing in solar panels, you can further reduce your electricity costs and potentially even generate additional savings by selling excess energy back to the grid. With relatively low electricity costs compared to the rest of Colorado and the nation, going solar in Drake is a smart financial decision.
When could you expect to break even on a solar installation in Drake Colorado?
Considering the weather and electricity costs in Drake, Colorado, 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:
- Drake, Colorado receives slightly less precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Drake, Colorado are lower than the national average, but are still good for generating solar power.
- Cloud cover in Drake, Colorado is lower than the national average, with some fluctuations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Drake, Colorado pay slightly 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, which means less reliance on the grid and therefore lower electricity bills.
- With Drake, Colorado’s lower electricity rates, the savings may take a bit longer to cover the initial cost.
After crunching the numbers, it looks like it would take around 6-7 years to cover the initial cost of the solar panels in Drake, Colorado. This means that after 6-7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels last for 25-30 years, you will continue to enjoy these savings for many years after the initial investment is paid off. Investing in solar panels is not only a smart financial decision but also an environmentally friendly one.
Investing in solar power in Drake Colorado
Based on the analysis of weather data and electricity costs specific to Drake, Colorado, it is clear that installing solar panels on your home can lead to significant savings on your electricity bill. With ideal conditions for harnessing solar energy, such as abundant sunshine, low precipitation, and minimal cloud cover, Drake residents stand to benefit financially from going solar. By breaking down the cost of a solar system and estimating the time it takes to break even, it is evident that investing in solar panels in Drake is a wise decision that can result in long-term savings. Not only does going solar benefit your wallet, but it also contributes to a more sustainable and environmentally friendly future for all. So, consider making the switch to solar energy and start saving money while helping the planet.