Overview
If you’re a resident of Forbes, North Dakota, you may be missing out on a golden opportunity to save money on your electricity bills by not having solar panels on your home. By analyzing the local weather data and electricity costs, we can show you just how much you stand to gain financially by making the switch to solar energy. With the right system in place, you could potentially recoup your investment in a surprisingly short amount of time, allowing you to enjoy reduced electricity bills for years to come. Read on to discover the financial benefits of going solar in Forbes, North Dakota.
Forbes North Dakota Weather Trends
Forbes Precipitation
With Forbes receiving 38.12 inches of precipitation in the last year, you may be concerned about the impact on solar panel efficiency. However, compared to the national average of 50.61 inches, Forbes actually receives less precipitation. In North Dakota, Forbes is in the 98th percentile for total precipitation, which means your solar panels will have plenty of sunlight to generate energy with minimal interference from rain.
Forbes’s UV Rating
Considering Forbes’s average UV rating of 3.88 in the last year, you can expect ample sunlight to power your solar panels efficiently. While this puts Forbes in the 40th percentile nationally, the high UV rating of 99th percentile in North Dakota ensures that your solar panels will be highly productive. The national average UV rating is 4.29, so Forbes’s rating is on par with the rest of the country.
Forbes’s Cloud Cover
Although Forbes experienced an average of 47% cloud cover in the last year, this is still lower than the national average of 44.46%. With the majority of days having less than 50% cloud cover, your solar panels will have optimal conditions to harness sunlight and convert it into energy. Compared to the rest of North Dakota, Forbes’s cloud cover is slightly lower, further improving solar panel efficiency.
Forbes North Dakota Electricity Costs
Residents in Forbes pay about $0.1/kw for electricity, which is lower than the national average of $0.13/kw. This means that switching to solar energy can provide substantial savings on your electricity bills in the long run. Considering Forbes’s average electricity cost is on par with North Dakota’s, investing in solar panels now could lead to significant financial benefits over time.
When could you expect to break even on a solar installation in Forbes North Dakota?
Considering the weather and electricity costs in Forbes, 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:
- Forbes, North Dakota receives less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Forbes, North Dakota are slightly lower than the national average, but still conducive to generating solar power.
- Cloud cover in Forbes, North Dakota is slightly higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Forbes, North Dakota pay slightly less for electricity compared to the national average, at $0.10/kw.
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 money.
- With Forbes, North Dakota’s lower electricity rates, the savings are slightly less compared to the national average.
After crunching the numbers, it looks like it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the money saved on electricity bills will start to add up and pay off the investment. Solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. Investing in solar panels is a smart way to save money and help the environment simultaneously.
Investing in solar power in Forbes North Dakota
Switching to solar energy in Forbes, North Dakota can be a financially rewarding decision. By taking advantage of the ample sunlight and lower electricity costs in the area, residents stand to recoup their investment in solar panels within 5-6 years. After this initial period, the savings on electricity bills will continue to accumulate, providing long-term financial benefits. Investing in solar panels not only saves money but also contributes to a cleaner environment. Make the switch to solar energy in Forbes and start enjoying the financial benefits today.