Overview
In Goodrich, North Dakota, installing solar panels on your home can save you money in the long run. By analyzing data on weather patterns and electricity costs specific to the area, we can estimate how quickly you will break even on your investment. With the potential for significant financial benefits, it is worth considering making the switch to solar energy for your home in Goodrich.
Goodrich North Dakota Weather Trends
Goodrich Precipitation
With Goodrich receiving 36.79 inches of precipitation in the last year, which is below the national average of 50.61 inches, there is potential for solar panels to thrive in this environment. Although Goodrich falls in the 96th percentile in North Dakota for precipitation, the lower than average national numbers suggest that solar panels can still be effective in this area.
Goodrich’s UV Rating
Goodrich’s average UV rating of 3.35 in the last year puts it below both the national and North Dakota averages. However, with an average max UV rating of 3.49, there’s still plenty of sunlight for solar panels to harness. The relatively low UV ratings may mean slightly reduced efficiency, but the potential benefits of solar energy in Goodrich are still significant.
Goodrich’s Cloud Cover
With an average of 48% cloud cover, Goodrich is in a favorable position for solar panel installation. Despite being above the national average for cloud cover, the number of days with cloud cover broken down into categories shows a good mix of sunny and partially cloudy days. This variety in weather patterns can provide consistent opportunities for solar panels to generate energy.
Goodrich North Dakota Electricity Costs
Goodrich residents pay about $0.1/kw for electricity, which is on par with North Dakota’s average but below the national average. Lower electricity costs combined with the potential for solar energy savings make it an ideal time for Goodrich residents to consider installing solar panels on their homes. By taking advantage of solar energy, residents can significantly decrease their electricity expenses over time.
When could you expect to break even on a solar installation in Goodrich North Dakota?
Considering the weather and electricity costs in Goodrich North Dakota, 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:
- Goodrich North Dakota receives less precipitation compared to the national average, making it a suitable location for solar panels.
- The UV ratings in Goodrich North Dakota are slightly lower than the national average, but still conducive for generating solar power.
- Cloud cover in Goodrich North Dakota is slightly higher than the national average, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Goodrich North Dakota pay lower electricity rates compared to the national average, which is beneficial for saving money with solar power.
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 as much from the grid.
- With lower electricity rates in Goodrich North Dakota, the savings are significant.
After calculations, the initial cost of the solar panels could be covered in approximately 4 years. This means that after this period, the savings on electricity bills will surpass the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many more years beyond the payback period. It’s a wise investment for both financial savings and environmental benefits!
Investing in solar power in Goodrich North Dakota
By taking into account the weather trends and electricity costs specific to Goodrich, North Dakota, it is clear that investing in solar panels for your home can result in significant financial savings over time. With lower precipitation levels, manageable UV ratings, and favorable cloud cover, solar panels can effectively generate energy in this area. Additionally, with electricity costs on par with the state average but below the national average, residents of Goodrich have the perfect opportunity to break even on their solar panel investment in approximately 4 years. This initial investment will not only lead to long-term financial savings but also contribute to a more sustainable future. Consider making the switch to solar energy for your home in Goodrich and reap the benefits for years to come.