Overview
In Fargo, Oklahoma, the financial benefits of installing solar panels on your home are clear. By analyzing weather data and electricity costs over the course of a year, it is evident that the sunny climate and low precipitation make Fargo an ideal location for solar energy. With the cost of solar installations decreasing and energy savings increasing, homeowners can expect to break even on their investment in a relatively short amount of time.
Fargo Oklahoma Weather Trends
Fargo Precipitation
With only 40.72 inches of precipitation in the last year, Fargo, Oklahoma is in the 29th percentile in the nation and the 23rd percentile in Oklahoma. Compared to the national average of 50.61 inches and Oklahoma’s average of 46.74 inches, Fargo’s lower precipitation makes it an ideal location for solar energy. By having less rain, you can rely more on the sun’s energy to power your home.
Fargo’s UV Rating
Fargo, Oklahoma had an average UV rating of 5.04 in the last year, placing it in the 79th percentile in the nation and the 15th percentile in Oklahoma. Compared to the national average of 4.29 and Oklahoma’s average of 5.2, Fargo’s high UV rating means more sunlight for your solar panels. With an average max UV rating of 5.52, the sun’s intensity in Fargo is perfect for generating solar energy.
Fargo’s Cloud Cover
With only 31% cloud cover on average in the last year, Fargo, Oklahoma is in the 8th percentile in the nation and the 17th percentile in Oklahoma. Compared to the national average of 44.46% and Oklahoma’s average of 33.43%, Fargo has fewer cloudy days, allowing for more sunlight to reach your solar panels. The more sun your panels receive, the more energy they can produce for your home.
Fargo Oklahoma Electricity Costs
Residents of Fargo, Oklahoma pay about $0.12/kw for electricity, placing them in the 44th percentile in the nation and the 89th percentile in Oklahoma. Compared to the national average of $0.13/kw and Oklahoma’s average of $0.11/kw, choosing solar panels can help you save money in the long run. By generating your own electricity, you can reduce your reliance on the grid and lower your energy costs.
When could you expect to break even on a solar installation in Fargo Oklahoma?
Considering the weather and electricity costs in Fargo, Oklahoma, 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:
- Fargo, Oklahoma receives less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Fargo, Oklahoma are higher than the national average, which is perfect for generating solar power.
- Cloud cover in Fargo, Oklahoma is lower than the national average, providing more sunlight for solar panels to work effectively.
Now, let’s consider the electricity costs:
- Residents in Fargo, Oklahoma pay slightly less for electricity compared to the national average, which could impact the savings from using solar power.
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 potentially saving money on electricity bills.
- With Fargo, Oklahoma’s lower electricity rates, the savings may be slightly lower compared to areas with higher rates.
After analyzing the data, it is estimated that it could take around 6-8 years to cover the initial cost of the solar panels. This means, after 6-8 years, the savings from reduced electricity bills will start to offset the investment. Since solar panels last for 25-30 years, there will be plenty of time to enjoy the savings and environmental benefits. It’s a wise investment for the long term!
Investing in solar power in Fargo Oklahoma
Installing solar panels in Fargo, Oklahoma is a wise investment for homeowners. With the city’s sunny climate, low precipitation, high UV ratings, and minimal cloud cover, solar panels can efficiently generate energy for your home. Additionally, with electricity costs slightly below the national average, the savings from using solar power can help homeowners break even on their investment in around 6-8 years. This means that after initially investing in solar panels, homeowners can enjoy reduced electricity bills and environmental benefits for the long term. Overall, the financial benefits and ideal weather conditions make Fargo, Oklahoma a perfect location for solar energy.