Overview
Switching to solar energy in Friendship Arkansas can lead to significant financial benefits for homeowners. By analyzing a year’s worth of weather data and electricity costs, we can estimate the savings that come from installing a solar system. In this article, we will break down the cost of a solar system, estimate the time it takes to break even, and highlight the financial advantages of making the switch to solar power.
Friendship Arkansas Weather Trends
Friendship Precipitation
Friendship Arkansas received 54.04 inches of precipitation in the last year, ranking it in the 57th percentile nationally and the 44th percentile within Arkansas. Compared to the national average of 50.61 inches, Friendship experiences slightly higher rainfall, which can be beneficial for solar panel efficiency. While Arkansas’s average precipitation is 54.5 inches, Friendship’s slightly lower rate can still provide ample rain for maintaining a solar system.
Friendship’s UV Rating
With an average UV rating of 5.29, Friendship Arkansas ranks in the 85th percentile nationwide and the 79th percentile in the state. Friendship’s higher UV rating compared to the national average of 4.29 and Arkansas’s average of 5.13 means that solar panels in Friendship can generate more electricity efficiently. Additionally, Friendship’s max UV rating of 5.78, placing it in the 73rd percentile nationally and the 74th percentile within Arkansas, indicates even greater solar energy potential.
Friendship’s Cloud Cover
Friendship Arkansas had an average cloud cover of 39% in the last year, positioning it in the 24th percentile in the country and the 72nd percentile in Arkansas. Lower cloud cover percentages are ideal for solar energy production, making Friendship a suitable location for solar panel installation. With varying cloud cover throughout the year, residents can benefit from a balance of sunlight exposure to generate electricity effectively.
Friendship Arkansas Electricity Costs
Residents in Friendship pay about $0.11/kw for electricity, placing them in the 31st percentile nationally and the 79th percentile in Arkansas. With lower electricity costs compared to the national average of $0.13/kw, Friendship residents have the potential to save significantly on their energy bills by switching to solar power. Arkansas’s average residential electricity rate of $0.11/kw aligns with Friendship’s cost, making solar a financially attractive option for homeowners in the area.
When could you expect to break even on a solar installation in Friendship Arkansas?
Considering the weather and electricity costs in Friendship 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:
- Friendship Arkansas gets slightly more precipitation than the national average, but it still has plenty of sunlight for solar panels to be effective.
- The UV ratings in Friendship Arkansas are higher than the national average, which is great for generating solar power.
- Cloud cover in Friendship Arkansas is lower than the national average, with varying coverage throughout the year.
Now, let’s consider the electricity costs:
- Residents in Friendship Arkansas pay less 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 bought from the grid.
- With lower electricity rates in Friendship Arkansas, the savings might not be as high compared to other places, but they still add up over time.
After running the numbers, it seems like it would take roughly 7-8 years to cover the initial cost of the solar panels. This means, after 7-8 years, the money saved on electricity bills will start to pay off the investment. And don’t forget, solar panels have a long lifespan, so you’ll continue to benefit from those savings for many years to come. It’s a wise investment that helps both your wallet and the environment!
Investing in solar power in Friendship Arkansas
Switching to solar energy in Friendship, Arkansas can have significant financial benefits for homeowners. By analyzing the weather trends and electricity costs in the area, it is clear that solar power is a wise investment. With higher UV ratings, lower cloud cover, and lower electricity costs, residents can expect to break even on the initial cost of a solar system in about 7-8 years. This means that after this time, the savings on electricity bills will start to pay off the investment. Not only does solar energy save money in the long run, but it also helps the environment by reducing reliance on traditional energy sources. Making the switch to solar power in Friendship, Arkansas is a smart choice for both financial and environmental reasons.