Overview
Are you a Finley Oklahoma resident looking to save money on your electricity bills? Installing solar panels on your home could be the answer you’re looking for. In this article, we will break down the financial benefits of a solar system in Finley, Oklahoma using weather data and electricity costs specific to your area. By analyzing the average weather conditions and electricity rates, we will show you how long it will take to break even on your investment in solar panels, helping you make an informed decision on whether to switch to solar energy for your home.
Finley Oklahoma Weather Trends
Finley Precipitation
With Finley Oklahoma receiving 55.82 inches of precipitation in the last year, it’s clear that the area experiences a fair amount of rainfall. Compared to the national average of 50.61 inches, Finley falls in the 61st percentile nationwide and the 89th percentile within Oklahoma. This means that Finley has a slightly higher rainfall potential than many other areas in the country, making it a viable location for harnessing solar energy.
Finley’s UV Rating
In terms of UV rating, Finley Oklahoma scored an average of 5.27, placing it in the 84th percentile nationally and the 72nd percentile within Oklahoma. This indicates that the area receives a healthy amount of sunlight. With an average max UV rating of 5.76, Finley ranks above the national average of 4.61. These high UV ratings make Finley an ideal location for solar panel installation, allowing residents to benefit from ample sunlight for energy generation.
Finley’s Cloud Cover
Despite receiving a good amount of sunlight, Finley Oklahoma experiences an average cloud cover of 38% throughout the year. This places Finley in the 19th percentile nationally and the 95th percentile within Oklahoma. Compared to the national average of 44.46%, Finley enjoys relatively clear skies, providing optimal conditions for solar power production. With a considerable number of days having minimal cloud cover, residents can expect consistent solar energy generation throughout the year.
Finley Oklahoma Electricity Costs
Residential electricity costs in Finley Oklahoma are around $0.13/kw, positioning the area in the 73rd percentile nationwide and the 98th percentile within Oklahoma. While the national average for electricity is also $0.13/kw, Oklahoma’s average is slightly lower at $0.11/kw. By installing solar panels, Finley residents can reduce their reliance on traditional grid electricity, saving money in the long run while also contributing to a more sustainable environment.
When could you expect to break even on a solar installation in Finley Oklahoma?
Considering the weather and electricity costs in Finley 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:
- Finley Oklahoma gets slightly more rain than the national average, but it still has plenty of sunlight for solar panels to work effectively.
- The UV ratings in Finley Oklahoma are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Finley Oklahoma is lower than the national average, with a good number of clear days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Finley Oklahoma pay about average 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 to be purchased from the grid.
- With Finley Oklahoma’s average electricity rates, the savings are moderate but still substantial.
After computation, it seems that it would take around 6 to 7 years to cover the initial cost of the solar panels. This means that after 6 to 7 years, the money saved on electricity bills will begin to offset the investment. And remember, solar panels have a long lifespan, so after that initial period, you’ll enjoy those savings for many years to come. Not only is this a financially sound decision, but it also aids in environmental preservation. It’s a win-win situation for your wallet and the planet!
Investing in solar power in Finley Oklahoma
Considering the weather patterns and electricity costs specific to Finley, Oklahoma, investing in solar panels can prove to be a wise financial decision in the long run. With ample sunlight, lower cloud cover, and average electricity rates, residents can expect to break even on their initial investment in solar panels within 6 to 7 years. After this period, the savings on electricity bills will continue to accumulate, making it a financially sound choice. Additionally, the switch to solar energy contributes to a more sustainable environment, making it a win-win situation for both your wallet and the planet.