Overview
Discover the financial benefits of installing solar panels in Gillette, Wyoming. By analyzing weather data and electricity costs specific to our area, we can show you how investing in a solar system can save you money in the long run. Learn about the costs involved and how quickly you can expect to break even on your investment.
Gillette Wyoming Weather Trends
Gillette Precipitation
With 31.74 inches of precipitation in the last year, Gillette, Wyoming falls below the national average of 50.61 inches. However, compared to the rest of Wyoming, Gillette receives more precipitation. This means that solar panels in Gillette can still be effective in generating electricity even with slightly lower precipitation levels.
Gillette’s UV Rating
With an average UV rating of 3.73 and a max UV rating of 3.95, Gillette, Wyoming experiences moderate sun exposure. While this may be lower than the national and state averages, it is still sufficient for solar panels to produce energy efficiently. Embracing solar power in Gillette can still yield significant financial and environmental benefits.
Gillette’s Cloud Cover
At an average of 36% cloud cover, Gillette, Wyoming enjoys clearer skies compared to the national average of 44.46% cloud cover. With 155 days of minimal cloud cover, solar panels in Gillette have the opportunity to maximize energy production. This means that investing in solar panels can result in substantial savings on electricity bills.
Gillette Wyoming Electricity Costs
Residents of Gillette pay $0.11/kw for electricity, which is on par with the Wyoming average but slightly below the national average. With the combination of relatively low electricity costs and favorable weather conditions for solar energy production, installing solar panels in Gillette can lead to long-term cost savings and a reduced carbon footprint.
When could you expect to break even on a solar installation in Gillette Wyoming?
Considering the weather and electricity costs in Gillette, Wyoming, 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:
- Gillette gets less precipitation compared to the national average, which is good for solar panel efficiency.
- The UV ratings in Gillette are slightly below the national average, but still sufficient for generating solar power.
- Cloud cover in Gillette is lower than the national average, with a good number of clear days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Gillette pay slightly less for electricity compared to the national average, making solar power 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 needed from the grid and consequently lowering electricity bills.
- With Gillette’s lower electricity rates, the savings might not be as significant as in other areas, but the investment can still pay off over time.
After analyzing the data, it looks like it could take around 8-10 years to cover the initial cost of the solar panels in Gillette. This means that after that period, the money saved on electricity bills will start to accumulate and make the investment worthwhile. And with solar panels lasting for decades, those savings will continue for many years after the initial break-even point. It’s a wise choice for saving money and supporting a cleaner energy source!
Investing in solar power in Gillette Wyoming
Installing solar panels in Gillette, Wyoming can be a smart financial decision. With favorable weather conditions and electricity costs, investing in solar energy can lead to long-term cost savings and a reduced carbon footprint. By analyzing the data, it’s clear that breaking even on the initial investment could take around 8-10 years. After that point, the money saved on electricity bills will continue to accumulate, making solar panels a wise choice for saving money and supporting a cleaner energy source for years to come.