Overview
In Goodman, Missouri, installing solar panels on your home can lead to significant financial savings over time. By analyzing weather data and electricity costs specific to the area, we can estimate how long it will take for a solar system to pay for itself. With the average annual weather conditions and electricity rates in mind, this article will break down the costs involved in installing solar panels and help you understand the potential financial benefits of making the switch to solar energy in Goodman, Missouri.
Goodman Missouri Weather Trends
Goodman Precipitation
Living in Goodman, Missouri means experiencing around 63.23 inches of precipitation each year. This puts Goodman above the national average of 50.61 inches and well above Missouri’s average of 47.04 inches. With ample rainfall, your solar panels can stay clean and efficient, maximizing their energy output.
Goodman’s UV Rating
Goodman, Missouri enjoys an average UV rating of 4.83, higher than both the national average of 4.29 and Missouri’s average of 4.59. With a maximum UV rating of 5.29, Goodman stands out for its sunny days. More sunshine means more energy production from your solar panels, leading to greater savings on your electricity bill.
Goodman’s Cloud Cover
With an average cloud cover of 37%, Goodman sees fewer clouds compared to the national average of 44.46% and Missouri’s average of 39.07%. Additionally, Goodman experiences a significant number of days with clear skies, perfect for harnessing solar energy. Embracing solar power in Goodman means consistent energy generation throughout the year.
Goodman Missouri Electricity Costs
Goodman residents pay approximately $0.13/kw for electricity, which is slightly higher than the national average but above Missouri’s average of $0.11/kw. By investing in solar panels, you can significantly reduce your reliance on the grid and lower your electricity bills over time. With abundant sunshine and favorable weather conditions, Goodman is the ideal location for solar energy.
When could you expect to break even on a solar installation in Goodman Missouri?
Considering the weather and electricity costs in Goodman, Missouri, 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:
- Goodman, Missouri receives more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The average UV ratings in Goodman, Missouri are higher than the national average, making it a good location for solar power generation.
- Cloud cover in Goodman, Missouri is slightly lower than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Goodman, Missouri 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, helping to reduce the amount purchased from the grid.
- Given the average electricity costs, the savings from using solar power can add up over time.
Based on the cost breakdown and the electricity rates, it is estimated that it would take around 8-10 years to cover the initial investment in solar panels. After this period, the money saved on electricity bills can accumulate and provide long-term benefits, considering the lifespan of the solar panel system. Investing in solar energy is not only a financially sound decision but also an environmentally friendly one that can lead to savings in the long run.
Investing in solar power in Goodman Missouri
Overall, installing solar panels in Goodman, Missouri can be a beneficial investment, leading to significant financial savings in the long run. With the area’s ample precipitation, high UV ratings, and lower cloud cover, solar panels have optimal conditions for energy production. When considering the slightly higher electricity costs in Goodman, the break-even point for a solar panel system is estimated to be around 8-10 years. After this initial period, the savings on electricity bills can accumulate, making solar energy a financially sound and environmentally friendly choice for Goodman residents.