Overview
In Goodyear, Arizona, installing solar panels on your home can lead to significant long-term financial benefits. By analyzing weather data and electricity costs specific to the area, as well as the cost of a solar system, we can estimate how long it will take to break even on your investment. With ample sunlight and high UV ratings year-round, solar energy can help you save money on your electricity bill and ultimately increase the value of your home.
Goodyear Arizona Weather Trends
Goodyear Precipitation
With Goodyear, Arizona receiving only 6.88 inches of precipitation in the last year, it is evident that the area doesn’t see much rain. Compared to the national average of 50.61 inches and Arizona’s average of 12 inches, it’s clear that Goodyear is in a significantly drier climate. Installing solar panels can help you take advantage of the abundant sunshine in this region and reduce your reliance on traditional energy sources.
Goodyear’s UV Rating
In the last year, Goodyear, Arizona had an average UV rating of 6.56, making it one of the sunniest places in the nation. With an average max UV rating of 7.38, Goodyear experiences intense sunlight year-round. Comparing this to the national average of 4.29 for UV rating and Arizona’s average of 5.41, it’s clear that Goodyear is a prime location for harnessing solar energy. By installing solar panels, you can take advantage of this abundant natural resource and lower your electricity bills.
Goodyear’s Cloud Cover
With an average of 15% cloud cover in the last year, Goodyear, Arizona experiences minimal interruptions from clouds when it comes to sunlight. Compared to the national average of 44.46% for cloud cover and Arizona’s average of 19.26%, Goodyear enjoys clear skies for the majority of the year. By capitalizing on this abundant sunshine through solar panels, you can reduce your carbon footprint and lower your energy costs.
Goodyear Arizona Electricity Costs
Goodyear, Arizona residents pay about $0.12/kw for electricity, which is slightly lower than the national average of $0.13/kw. By investing in solar panels, you can hedge against future increases in electricity prices and potentially even generate excess energy to sell back to the grid, further offsetting your utility costs. Considering the abundant sunlight in Goodyear, solar panels can be a wise financial investment in the long run.
When could you expect to break even on a solar installation in Goodyear Arizona?
Considering the weather and electricity costs in Goodyear, 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:
- Goodyear, Arizona receives significantly less precipitation than the national average, making it a great location for solar panels.
- The UV ratings in Goodyear are higher than the national average, which is excellent for generating solar power efficiently.
- Cloud cover in Goodyear is much lower than the national average, with most days having clear skies.
Now, let’s consider the electricity costs:
- Residents in Goodyear, Arizona pay slightly less for electricity compared to the national average, which means potential savings from using solar power may be lower.
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, which means we don’t need to buy as much from the grid. With lower electricity rates in Goodyear, the savings may take longer to pay off the initial cost.
After crunching the numbers, it looks like it would take around 6-8 years to cover the initial cost of the solar panels in Goodyear, Arizona. This means that after 6-8 years, the money saved on electricity bills will start accumulating to pay off the investment. Since solar panels can last up to 30 years, you will continue to enjoy these savings for many years to come. It’s a cost-effective and environmentally-friendly way to power your home!
Investing in solar power in Goodyear Arizona
Installing solar panels in Goodyear, Arizona can be a smart financial decision. With abundant sunlight, low precipitation, and minimal cloud cover, this region is ideal for harnessing solar energy. By taking advantage of the high UV ratings and lower electricity costs, residents can expect to break even on their investment in solar panels within 6-8 years. Not only will this lead to significant savings on electricity bills, but it will also increase the value of your home. Investing in solar energy in Goodyear is a sustainable and cost-effective way to power your home for years to come.