Overview
If you’re a resident of Eagle, Alaska, you may want to consider the financial benefits of installing solar panels on your home. By analyzing weather data and electricity cost over the course of a year, we have determined that solar power can significantly reduce your energy bills. With the average cost of a solar system in mind, we estimate that you could break even on your investment in a relatively short amount of time.
Eagle Alaska Weather Trends
Eagle Precipitation
With Eagle, Alaska receiving only 22.94 inches of precipitation in the last year, it is well below the national average of 50.61 inches and Alaska’s average of 57.06 inches. This means that Eagle residents can take advantage of the lower levels of precipitation to harness solar energy for their homes.
Eagle’s UV Rating
Having an average UV rating of 1.85 in Eagle, Alaska makes it stand out for its potential in solar energy. Although it is below the national average of 4.29, it is better than Alaska’s average of 1.83. With an average max UV rating of 2.21 also in Eagle, residents have the opportunity to benefit from the abundant sunlight in the area.
Eagle’s Cloud Cover
Despite Eagle, Alaska having an average cloud cover of 69%, which is slightly higher than Alaska’s average of 67.94%, residents still have plenty of clear days for solar energy production. With a variety of cloud cover percentages throughout the year, there are ample opportunities to generate solar power efficiently.
Eagle Alaska Electricity Costs
At $0.27/kw for electricity, Eagle residents pay higher than the national average of $0.13/kw but lower than Alaska’s average of $0.34/kw. By investing in solar panels to generate their own electricity, residents can significantly reduce their energy costs over time and break even on their investment relatively quickly.
When could you expect to break even on a solar installation in Eagle Alaska?
Considering the weather and electricity costs in Eagle Alaska, 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:
- Eagle Alaska receives less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Eagle Alaska are lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Eagle Alaska is higher than the national average, with a majority of days having between 75% and 100% cloud cover.
Now, let’s consider the electricity costs:
- Residents in Eagle Alaska pay more 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, especially with higher electricity costs in Eagle Alaska.
After analysis, it looks like it would take around 7 years to cover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will start to accumulate and offset the investment. Additionally, since solar panels last for a long time, you will continue to benefit from these savings for many years. Investing in solar power is a wise decision to save money and contribute to environmental conservation.
Investing in solar power in Eagle Alaska
After analyzing the weather trends and electricity costs in Eagle, Alaska, it is clear that installing solar panels on your home can lead to significant financial benefits. With lower levels of precipitation, moderate UV ratings, and opportunities for efficient energy production despite cloud cover, Eagle is a promising location for solar energy. Considering the higher electricity costs in the area, investing in a solar system can help residents save money over time. Based on our calculations, it would take approximately 7 years to break even on the initial investment, after which the savings will continue to accumulate for many more years. By choosing solar power, residents in Eagle, Alaska can not only reduce their energy bills but also contribute to environmental conservation.