Overview
If you’re a resident of Forrest City, Arkansas, and you’ve been considering going solar, this article is for you. By analyzing weather data and electricity costs specific to your area, we’ll show you the financial benefits of installing solar panels on your home. With the potential for significant savings on your monthly energy bills and the opportunity to break even on your investment within a certain timeframe, going solar in Forrest City could be a smart decision for your wallet.
Forrest City Arkansas Weather Trends
Forrest City Precipitation
With Forrest City receiving 46.55 inches of precipitation in the last year, it’s important to note that this puts the city below average compared to both the rest of the country and the state of Arkansas. However, despite this lower amount of rainfall, having solar panels can still be a financially beneficial decision for residents in Forrest City.
Forrest City’s UV Rating
Forrest City’s average UV rating of 5.05 is higher than both the national average of 4.29 and slightly lower than the Arkansas average of 5.13. With a higher UV rating, solar panels in Forrest City can generate more energy, potentially leading to increased savings on electricity bills over time.
Forrest City’s Cloud Cover
Although Forrest City has an average cloud cover of 39%, which is higher than the national average, it is still lower than the state average. With a mix of sunny and partially cloudy days, residents in Forrest City can benefit from consistent energy generation from solar panels throughout the year.
Forrest City Arkansas Electricity Costs
Forrest City residents pay about $0.11/kw for electricity, which is on par with the Arkansas average but lower than the national average. This means that by installing solar panels, residents can offset their electricity costs and potentially even generate excess energy to sell back to the grid, further increasing their potential savings.
When could you expect to break even on a solar installation in Forrest City Arkansas?
Considering the weather and electricity costs in Forrest City Arkansas, 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:
- Forrest City Arkansas received slightly less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Forrest City Arkansas are above the national average, indicating good conditions for generating solar power.
- Cloud cover in Forrest City Arkansas is lower than the national average, with a good number of sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Forrest City Arkansas pay slightly less for electricity compared to the national average, making solar energy a cost-effective option.
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 leading to cost savings.
- With Forrest City Arkansas’s lower electricity rates, the savings accumulate over time.
After analyzing the data, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. After this period, the savings on electricity bills will start to accumulate, making the investment worthwhile. Since solar panels last for decades, you will continue to benefit from these savings for many years. Investing in solar energy is not only financially wise but also environmentally friendly.
Investing in solar power in Forrest City Arkansas
After analyzing the weather trends and electricity costs specific to Forrest City, Arkansas, it’s clear that installing solar panels can be a financially beneficial decision for residents in this area. With lower-than-average precipitation, higher UV ratings, and a good mix of sunny and partially cloudy days, solar panels in Forrest City can generate significant energy and lead to increased savings on electricity bills. Additionally, with electricity costs in Forrest City being on par with the state average but lower than the national average, residents can expect to break even on their solar panel investment in approximately 5 years. Beyond that, the savings on electricity bills will continue to accumulate, making the decision to go solar a smart choice for both your wallet and the environment.