Overview
In Globe, Arizona, installing solar panels on your home can save you money in the long run. By analyzing weather data and electricity costs, we will show you how a solar system can help you break even on your investment. With high average UV ratings and low cloud cover, Globe provides the perfect conditions for generating solar power. Let us break down the costs for you and demonstrate how going solar can be a financially smart choice for Globe residents.
Globe Arizona Weather Trends
Globe Precipitation
In the last year, Globe Arizona received 16.24 inches of precipitation, ranking it in the 4th percentile nationally and the 82nd percentile in Arizona. Compared to the national average of 50.61 inches and Arizona’s average of 12 inches, Globe’s lower precipitation levels make it an ideal location for solar panel installation.
Globe’s UV Rating
With an average UV rating of 5.45, Globe Arizona is in the 88th percentile nationally and the 52nd percentile in Arizona. Compared to the national average of 4.29 and Arizona’s average of 5.41, Globe’s higher UV ratings make it a prime candidate for harnessing solar energy. Additionally, the average max UV rating of 6.07 further highlights the solar potential in Globe.
Globe’s Cloud Cover
In the last year, Globe Arizona had an average cloud cover of 18%, placing it in the 1st percentile nationally and the 42nd percentile in Arizona. Compared to the national average of 44.46% and Arizona’s average of 19.26%, Globe’s relatively low cloud cover ensures consistent sunlight for solar panel efficiency. With the majority of days experiencing minimal cloud cover, Globe offers optimal conditions for solar energy production.
Globe Arizona Electricity Costs
Residents of Globe Arizona pay about $0.13/kw for electricity, positioning Globe in the 66th percentile nationally and the 58th percentile in Arizona. With the national average for residential electricity also at $0.13/kw and Arizona’s average matching that, Globe’s electricity costs are competitive. By investing in solar panels, residents can reduce their reliance on traditional electricity sources and potentially save on their energy bills in the long run.
When could you expect to break even on a solar installation in Globe Arizona?
Considering the weather and electricity costs in Globe, Arizona, 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:
- Globe, Arizona receives less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Globe, Arizona are higher than the national average, indicating great potential for solar power generation.
- Cloud cover in Globe, Arizona is lower than the national average, with many clear days optimal for solar panel efficiency.
Now, let’s consider the electricity costs:
- Residents in Globe, Arizona pay the national average for electricity, which is $0.13/kw.
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.
- Given the average electricity cost in Globe, Arizona, the savings from using solar power would be significant.
After analysis, it is estimated that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the savings on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years after the initial period. Investing in solar panels is not only a wise financial decision but also contributes to a greener environment, making it a smart choice for residents in Globe, Arizona.
Investing in solar power in Globe Arizona
By analyzing the weather trends and electricity costs in Globe, Arizona, it is clear that investing in solar panels can lead to significant financial savings in the long run. With lower precipitation levels, higher UV ratings, and minimal cloud cover, Globe provides ideal conditions for solar energy production. When considering the average electricity cost of $0.13/kw, it is estimated that residents could break even on their solar panel investment in approximately 5 years. This not only results in long-term savings but also contributes to a greener environment. Therefore, installing solar panels in Globe, Arizona is not only financially advantageous but also a sustainable choice for residents.