Overview
Are you looking to save money on your electricity bills and reduce your carbon footprint? In this article, we will show you how installing solar panels on your home in Goodwin Arkansas can help you achieve both of these goals. By analyzing local weather data and electricity costs, we will illustrate the financial benefits of switching to solar power. We will break down the cost of a solar system and estimate how long it will take for you to break even, making the case for why solar is a smart investment for Goodwin Arkansas residents.
Goodwin Arkansas Weather Trends
Goodwin Precipitation
In the last year, Goodwin Arkansas received 46.58 inches of precipitation, ranking it in the 41st percentile in the nation and the 11th percentile in Arkansas. Comparatively, the national average for total precipitation is 50.61 inches, while Arkansas’s average is 54.5 inches. With slightly lower precipitation levels than the state average, Goodwin’s climate is ideal for solar panel installation.
Goodwin’s UV Rating
Over the past year, Goodwin Arkansas had an average UV rating of 5.06, placing it in the 79th percentile in the nation and the 48th percentile in Arkansas. The national average for average UV rating is 4.29, while Arkansas’s average is slightly higher at 5.13. Additionally, Goodwin’s average max UV rating of 5.47 is in the 66th percentile nationally and the 43rd percentile in Arkansas. These high UV ratings make Goodwin a great location for harnessing solar energy.
Goodwin’s Cloud Cover
Goodwin Arkansas experienced an average cloud cover of 39% in the last year, ranking it in the 22nd percentile in the nation and the 58th percentile in Arkansas. Comparatively, the national average for average cloud cover is 44.46%, with Arkansas’s average slightly lower at 38.77%. With a significant number of days featuring clear skies, Goodwin offers ample sunlight for efficient solar panel operation.
Goodwin Arkansas Electricity Costs
Residents of Goodwin Arkansas pay about $0.11/kw for electricity, placing them in the 31st percentile nationally and the 79th percentile within Arkansas. In contrast, the national average for residential electricity is $0.13/kw, while Arkansas’s average matches Goodwin’s at $0.11/kw. With electricity costs on par with the state average and plenty of sunshine, investing in solar panels can lead to substantial long-term savings for Goodwin residents.
When could you expect to break even on a solar installation in Goodwin Arkansas?
Considering the weather and electricity costs in Goodwin 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:
- Goodwin Arkansas received slightly less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Goodwin Arkansas are higher than the national average, which is great for generating solar power efficiently.
- The cloud cover in Goodwin Arkansas is slightly lower than the national average, providing more sunny days for solar panels to work effectively.
Now, let’s consider the electricity costs:
- Residents in Goodwin Arkansas pay slightly less for electricity compared to the national average, making solar energy 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 purchased from the grid and saving money on electricity bills.
- With lower electricity rates in Goodwin Arkansas, the savings may accumulate faster compared to national averages.
After analyzing the data, it looks like it would take approximately 6-7 years to cover the initial cost of the solar panels in Goodwin Arkansas. This means that after this period, the savings on electricity bills will start to exceed the investment cost. Considering the long lifespan of solar panels, you can enjoy these savings for many years to come, making it a smart financial decision while contributing to a greener environment.
Investing in solar power in Goodwin Arkansas
Installing solar panels in Goodwin Arkansas can be a wise investment for residents looking to save money on electricity bills and reduce their carbon footprint. With favorable weather conditions and slightly lower electricity costs compared to the national average, it would take approximately 6-7 years to break even on the initial cost of a solar system. This means that after this period, the savings on electricity bills will start to exceed the investment cost, providing long-term financial benefits. By harnessing solar energy, residents of Goodwin can enjoy these savings for many years to come, while also contributing to a greener environment.