Overview
In Gilbert Arkansas, investing in solar panels for your home can save you money in the long run. By analyzing weather data and electricity costs, we estimate that a solar system can pay for itself in a few years, allowing you to enjoy cheaper electricity bills for the rest of the system’s lifespan. With plenty of sunshine and low precipitation, Gilbert is an ideal location for solar energy generation. If you’re looking to reduce your carbon footprint and save money on electricity, installing solar panels could be a smart financial decision for you.
Gilbert Arkansas Weather Trends
Gilbert Precipitation
With only 7.51 inches of precipitation in the last year, Gilbert Arkansas ranks in the 1st percentile both nationally and within the state. Compared to the national average of 50.61 inches and Arkansas’s average of 54.5 inches, Gilbert’s low precipitation levels make it an ideal location for solar energy generation.
Gilbert’s UV Rating
Having an average UV rating of 6.57 in the last year, Gilbert Arkansas is in the 99th percentile in the nation and the 97th percentile in the state. With an average max UV rating of 7.35, Gilbert once again boasts high numbers, ranking in the 96th percentile nationally and within Arkansas. These high UV ratings indicate that Gilbert receives ample sunlight, making it a great place for solar panel installation.
Gilbert’s Cloud Cover
With an average of 16% cloud cover in the last year, Gilbert Arkansas sits at the 0th percentile both nationally and within the state. In comparison, the national average for cloud cover is 44.46% and Arkansas’s average is 38.77%. With 283 days of clear to partly cloudy skies, Gilbert offers plenty of sunny days to maximize solar energy production.
Gilbert Arkansas Electricity Costs
Residents of Gilbert pay approximately $0.11/kw for electricity, which places them in the 34th percentile in the nation and the 84th percentile in Arkansas. Comparatively, the national average for residential electricity is $0.13/kw, while Arkansas averages $0.11/kw. By investing in solar panels, Gilbert residents can take advantage of the low electricity costs and further reduce their utility bills in the long run.
When could you expect to break even on a solar installation in Gilbert Arkansas?
Considering the weather and electricity costs in Gilbert, 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:
- Gilbert, Arkansas receives much less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Gilbert, Arkansas are higher than the national average, which is great for generating solar power efficiently.
- Cloud cover in Gilbert, Arkansas is lower than the national average, with a majority of days having low to no cloud cover, perfect for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Gilbert, Arkansas pay slightly less for electricity compared to the national average, which can affect the savings potential of solar panels.
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 need to purchase electricity from the grid.
- With Gilbert, Arkansas’s lower electricity rates, the savings might be slightly lower compared to other locations.
After analyzing the data, it looks like it would take around 5 to 6 years to cover the initial cost of the solar panels. This means that after 5 to 6 years, the money saved on electricity bills will start to offset the investment. Since solar panels last for a long time, you’ll continue to benefit from these savings for many years after breaking even. Investing in solar energy not only saves money in the long run but also contributes to a more sustainable future.
Investing in solar power in Gilbert Arkansas
Investing in solar panels in Gilbert, Arkansas can be a wise financial decision. With the ideal weather conditions for solar energy generation and relatively low electricity costs, installing solar panels can lead to significant savings in the long run. Based on our analysis, it would take around 5 to 6 years to break even on the initial investment, after which you can enjoy cheaper electricity bills for the remainder of the system’s lifespan. By harnessing the abundant sunlight in Gilbert and taking advantage of the lower electricity rates, you can not only save money but also reduce your carbon footprint. Don’t miss out on the opportunity to benefit from solar energy and secure a more sustainable future for yourself and the environment.