Overview
This article will show you how installing solar panels on your Firestone Colorado home can save you money on your electricity bills. By analyzing weather data and electricity costs specific to the area, we will demonstrate the financial benefits of investing in solar energy. We will break down the cost of a solar system and estimate how long it will take for you to break even, making a compelling case for why going solar is a smart financial decision for Firestone residents.
Firestone Colorado Weather Trends
Firestone Precipitation
With 31.67 inches of precipitation in the last year, Firestone Colorado is drier compared to the national average of 50.61 inches. However, it ranks higher than Colorado’s average of 35.53 inches. By harnessing the power of solar energy, residents can mitigate the effects of drier weather conditions and reduce their reliance on traditional power sources.
Firestone’s UV Rating
Firestone’s average UV rating of 4.15 positions it slightly below the national average of 4.29 but above Colorado’s average of 4.02. The high max UV rating of 4.64 indicates ample sunlight, making Firestone an optimal location for solar panel installation. Investing in solar energy can capitalize on the abundant sunlight to generate clean and cost-effective electricity.
Firestone’s Cloud Cover
With an average of 30% cloud cover, Firestone sees less cloudiness compared to the national average of 44.46%. This means there are more sunny days ideal for solar energy production. By installing solar panels, residents can take advantage of the clear skies and produce their electricity, reducing their carbon footprint and energy costs.
Firestone Colorado Electricity Costs
Firestone residents pay $0.13/kw for electricity, which is on par with the national average. However, it is lower than Colorado’s average of $0.14/kw. By switching to solar power, homeowners can reduce their dependence on the grid and lock in lower energy costs for years to come. The initial investment in solar panels will pay off in the long run through substantial savings on electricity bills.
When could you expect to break even on a solar installation in Firestone Colorado?
Considering the weather and electricity costs in Firestone, Colorado, 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:
- Firestone receives less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Firestone are slightly below the national average, but still optimal for generating solar power.
- With an average of 30% cloud cover, Firestone has less cloud cover compared to the national average, allowing for more sunlight for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Firestone pay the national average for electricity, which is $0.13/kWh.
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 purchased from the grid and saving on electricity costs.
- With Firestone’s average electricity rates, the savings can accumulate over time.
After crunching the numbers, it is estimated that it would take around 6-7 years to cover the initial cost of the solar panels in Firestone, Colorado. This means that after 6-7 years, the money saved on electricity bills will start to offset the investment costs. Since solar panels last for 25-30 years, this initial investment will lead to significant long-term savings and benefit both financially and environmentally.
Investing in solar power in Firestone Colorado
Investing in solar panels for your Firestone Colorado home is a wise financial decision that can lead to significant long-term savings. By taking advantage of the area’s optimal weather conditions and the slightly lower-than-average electricity costs, homeowners can expect to break even on their initial investment in solar panels in around 6-7 years. This means that after this period, the money saved on electricity bills will start to offset the cost of the solar system, providing both financial and environmental benefits for years to come.