Overview
Are you a Finley North Dakota resident looking to save money on your electricity bills? Installing solar panels on your home could be a smart financial decision. By analyzing weather data and electricity costs specific to Finley, we have determined that a solar system can pay for itself in just a few years. With ample sunshine, low cloud cover, and high UV ratings, your home is the perfect candidate for solar power. Read on to learn more about the potential cost savings and investment opportunities of going solar in Finley.
Finley North Dakota Weather Trends
Finley Precipitation
With Finley North Dakota receiving 32.97 inches of precipitation in the last year, the town falls below the national average of 50.61 inches, but above the state average of 30.8 inches. This means that Finley experiences less rainy days compared to the rest of the country and the state. With this in mind, solar panels are a great option to take advantage of the sunny days that Finley does have.
Finley’s UV Rating
Finley North Dakota had an average UV rating of 3.37 in the last year, ranking it in the 13th percentile nationally and the 36th percentile in North Dakota. While this may not sound very high, it is important to note that solar panels can still generate a significant amount of energy even with lower UV ratings. By harnessing the power of the sun, residents can still see substantial cost savings on their electricity bills.
Finley’s Cloud Cover
Finley North Dakota had an average of 50% cloud cover in the last year, ranking it in the 75th percentile nationally and the 89th percentile in North Dakota. With a higher percentage of cloud cover compared to the national and state averages, there may be concern about solar panel efficiency. However, with advancements in solar technology, panels can still generate electricity even on partly cloudy days.
Finley North Dakota Electricity Costs
Finley residents pay about $0.11/kw for electricity, which is lower than the national average of $0.13/kw, but slightly higher than the state average of $0.1/kw. By installing solar panels, residents can take advantage of the cost savings offered by generating their own electricity. With the potential to offset a significant portion of their electricity costs, investing in solar power is a smart financial move for Finley homeowners.
When could you expect to break even on a solar installation in Finley North Dakota?
Considering the weather and electricity costs in Finley North Dakota, 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:
- Finley North Dakota receives less precipitation than the national average, making it a good location for solar energy generation.
- The UV ratings in Finley North Dakota are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in Finley North Dakota is slightly higher than the national average, but there are still plenty of sunny days for solar panels to work effectively.
Now, let’s consider the electricity costs:
- Residents in Finley North Dakota pay slightly less for electricity compared to the national average, which can lead to savings when 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 need to purchase as much from the grid.
- Given the lower cost of electricity in Finley North Dakota, the savings may not be as high as in other regions, but they will still add up over time.
After considering all factors, it looks like it would take around 7-8 years to cover the initial cost of the solar panels. This means that after 7-8 years, the money saved on electricity bills will start to offset the investment. Since solar panels have a lifespan of 25-30 years, homeowners can enjoy continued savings for many years after reaching the break-even point. Investing in solar power is a smart way to save money and reduce environmental impact in Finley North Dakota.
Investing in solar power in Finley North Dakota
Installing solar panels in Finley, North Dakota can be a wise financial choice. With ample sunshine, low cloud cover, and slightly lower than average electricity costs, residents can expect to break even on their investment in solar panels in 7-8 years. This means that homeowners can enjoy significant savings on their electricity bills for many years after the initial cost is covered. By harnessing the power of the sun, residents of Finley can not only save money but also reduce their environmental impact. Take advantage of the sunny days in Finley and consider investing in solar power for your home today!