Overview
Are you looking to save money on your electricity bills while also reducing your carbon footprint? In Farmington Utah, installing solar panels on your home could be a wise financial decision. By analyzing local weather data and electricity costs, this article will demonstrate how quickly you can break even on the cost of a solar system and start enjoying significant savings on your monthly energy expenses. With the abundant sunshine in Farmington, solar panels can be a smart investment for your home.
Farmington Utah Weather Trends
Farmington Precipitation
In the last year, Farmington Utah received 41.92 inches of precipitation, ranking it in the 31st percentile in the nation and the 92nd percentile in Utah. When compared to the national average of 50.61 inches and Utah’s average of 25.26 inches, it’s clear that Farmington sees relatively moderate levels of precipitation. By harnessing the ample sunlight, solar panels can still be highly efficient in Farmington.
Farmington’s UV Rating
Over the last year, Farmington Utah had an average UV rating of 3.65, placing it in the 27th percentile in the nation and the 33rd percentile in Utah. Despite not having the highest UV ratings, Farmington still receives plenty of sunlight to make solar energy a viable option. With an average max UV rating of 3.86, Farmington residents can benefit from solar panels to power their homes efficiently.
Farmington’s Cloud Cover
With an average of 36% cloud cover in the last year, Farmington Utah ranked in the 15th percentile in the nation and the 75th percentile in Utah. Compared to the national average of 44.46% and Utah’s average of 31.68%, Farmington experiences relatively clear skies. This means that solar panels in Farmington can consistently generate electricity, making it a reliable source of energy for your home.
Farmington Utah Electricity Costs
Farmington residents pay about $0.11/kw for electricity, placing them in the 23rd percentile in the nation and the 69th percentile in Utah. Given that the national average for residential electricity is $0.13/kw and Utah’s average is $0.1/kw, investing in solar panels can lead to significant savings in the long run. By taking advantage of the sunny weather in Farmington, you can reduce your electricity bills and contribute to a cleaner environment.
When could you expect to break even on a solar installation in Farmington Utah?
Considering the weather and electricity costs in Farmington Utah, 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:
- Farmington Utah receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Farmington Utah are a bit lower than the national average, but still suitable for generating solar power.
- Cloud cover in Farmington Utah is lower than the national average, with a good number of days having minimal cloud cover.
Now, let’s consider the electricity costs:
- Residents in Farmington Utah pay slightly less for electricity compared to the national average, making solar panels a good investment for saving on energy costs.
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 leading to savings on electricity bills.
- With the lower electricity rates in Farmington Utah, the savings accumulate over time, helping to offset the initial cost of the solar panels.
After crunching the numbers, it looks like it would take around 5-7 years to cover the initial cost of the solar panels. This means that after 5-7 years, the money saved on electricity bills will begin to surpass the investment. Since solar panels last for a long time, you can continue to enjoy those savings for many years after the initial payback period. Investing in solar panels is not only financially beneficial but also environmentally friendly, making it a smart choice for homeowners in Farmington Utah.
Investing in solar power in Farmington Utah
Investing in solar panels in Farmington Utah can be a smart choice for homeowners looking to save money on electricity bills and reduce their carbon footprint. With relatively low precipitation levels, moderate UV ratings, and minimal cloud cover, Farmington’s weather conditions are ideal for generating solar power. Additionally, with electricity costs lower than the national average, residents can expect significant savings over time. By breaking even on the initial cost of solar panels in about 5-7 years, homeowners can enjoy long-term financial benefits and contribute to a cleaner environment for years to come.