Overview
Are you a Gillham, Arkansas resident looking to save money on your electricity bills? Installing solar panels on your home can help you do just that! In this article, we will break down the financial benefits of switching to solar power in Gillham, Arkansas. By analyzing weather data and electricity costs specific to the area, we will show you how much you can save and how quickly you can recoup the cost of a solar system. So if you’re ready to start saving money and reduce your carbon footprint, keep reading to learn more about the benefits of going solar in Gillham, Arkansas.
Gillham Arkansas Weather Trends
Gillham Precipitation
In the last year, Gillham Arkansas received 59.13 inches of precipitation, ranking it in the 68th percentile nationally and the 74th percentile within Arkansas. Compared to the national average of 50.61 inches and Arkansas’s average of 54.5 inches, Gillham sees more rainfall. By harnessing this abundant natural resource, you can generate clean and renewable energy through solar panels.
Gillham’s UV Rating
With an average UV rating of 5.26, Gillham Arkansas ranks in the 84th percentile in the nation and the 76th percentile in Arkansas. This high UV rating means that Gillham receives ample sunlight, ideal for solar energy production. By taking advantage of the sunny weather, you can generate electricity to power your home and save on your energy bills.
Gillham’s Cloud Cover
In the last year, Gillham Arkansas had an average cloud cover of 39%, ranking it in the 25th percentile nationally and the 79th percentile within Arkansas. With a lower percentage of cloud cover compared to the national average of 44.46% and Arkansas’s average of 38.77%, Gillham offers more clear skies for solar panel efficiency. By utilizing these sunny days, you can maximize your solar energy production and savings.
Gillham Arkansas Electricity Costs
Residents in Gillham Arkansas pay around $0.1/kw for electricity, placing them in the 18th percentile nationwide and the 38th percentile within Arkansas. With the national average for residential electricity at $0.13/kw and Arkansas’s average at $0.11/kw, Gillham residents already enjoy relatively lower electricity costs. By switching to solar power, you can further reduce your energy expenses and contribute to a greener environment.
When could you expect to break even on a solar installation in Gillham Arkansas?
Considering the weather and electricity costs in Gillham, 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:
- Gillham gets more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Gillham is slightly lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Gillham pay less for electricity compared to the national average, which is beneficial for generating savings with solar power.
With this information in mind, 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 determine 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 as much from the grid.
- Given Gillham’s lower electricity rates, the savings can accumulate more quickly.
After analyzing the figures, it appears that it would take approximately 6 years to cover the initial cost of the solar panels. Consequently, after 6 years, the amount saved on electricity bills will begin to offset the investment. Additionally, since solar panels have a long lifespan, you’ll continue reaping those savings for many years beyond the payback period. It’s a wise financial decision that also contributes positively to the environment!
Investing in solar power in Gillham Arkansas
Switching to solar power in Gillham, Arkansas can significantly benefit residents financially while also aiding in reducing their carbon footprint. By harnessing the abundant sunlight and relatively low electricity costs in the area, homeowners can expect to recoup the initial investment in solar panels in approximately 6 years. This means that after 6 years, the savings on electricity bills will begin to outweigh the cost of the solar system. Not only is this a smart financial choice, but it also contributes positively to a greener environment. So, if you’re looking to save money and help the planet, going solar in Gillham is a great option!