Overview
In Encampment, Wyoming, switching to solar energy can save residents money on their electricity bills in the long run. By analyzing weather data and electricity costs over the course of a year, we can show you how installing solar panels on your home can lead to significant savings. With the right system, you can break even on your investment sooner than you might think, making it a financially wise decision for the future.
Encampment Wyoming Weather Trends
Encampment Precipitation
With Encampment, Wyoming receiving only 16.57 inches of precipitation in the last year, it ranks in the 4th percentile in the nation and the 13th percentile in Wyoming. This lower level of rainfall compared to the national and state averages (50.61 inches and 28.52 inches, respectively) means that the sun shines more often, making it an ideal location for solar energy.
Encampment’s UV Rating
Encampment, Wyoming had an average UV rating of 3.31 in the last year, placing it in the 11th percentile in the nation and the 36th percentile in Wyoming. The national average is 4.29, and Wyoming’s average is 3.45. Additionally, with an average max UV rating of 3.5, Encampment is in a good position to benefit from solar energy, as higher UV ratings mean more energy potential from the sun.
Encampment’s Cloud Cover
Despite having an average cloud cover of 34% in the last year, Encampment, Wyoming still ranks in the 12th percentile in the nation and the 43rd percentile in Wyoming. Comparing this to the national and state averages of 44.46% and 36.73%, it’s clear that Encampment enjoys clearer skies more often, allowing for consistent solar energy production throughout the year.
Encampment Wyoming Electricity Costs
With residents paying about $0.12/kw for electricity in Encampment, Wyoming, the town ranks in the 54th percentile in the nation and the 73rd percentile in Wyoming. This is below the national average of $0.13/kw, making solar energy a cost-effective alternative to traditional electricity sources. Considering Wyoming’s average residential electricity cost of $0.11/kw, switching to solar can lead to significant savings in the long run.
When could you expect to break even on a solar installation in Encampment Wyoming?
Considering the weather and electricity costs in Encampment, 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:
- Encampment receives less precipitation compared to the national average, making it suitable for solar panel installation.
- The UV ratings in Encampment are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Encampment is below the national average, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Encampment 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, reducing the amount needed from the grid and saving money on electricity bills.
- With Encampment’s lower electricity rates, the savings are still significant.
After analyzing the data, it looks like it would take around 8-10 years to cover the initial cost of the solar panels. This means, after 8-10 years, the money saved on electricity bills will start to offset the investment. Considering the long lifespan of solar panels, you’ll continue to enjoy those savings for many years after the initial payback period. It’s a wise choice for saving money and promoting sustainability!
Investing in solar power in Encampment Wyoming
Switching to solar energy in Encampment, Wyoming is a smart financial move for residents. By taking advantage of the town’s higher sun exposure and slightly lower electricity costs, installing solar panels can lead to significant savings in the long run. With the data showing an estimated 8-10 year payback period for the initial investment, residents can enjoy reduced electricity bills for many years to come. Making the switch to solar power not only saves money but also contributes to a more sustainable future for Encampment.