Overview
Are you a Goshen Utah resident looking to save money on your electricity bill while also helping the environment? Installing solar panels on your home can be a smart financial decision, especially in a city with ample sunlight like Goshen. By analyzing weather data and electricity costs over a year, we break down the cost of a solar system and estimate how long it will take for you to break even on your investment. Read on to discover the financial benefits of going solar in Goshen.
Goshen Utah Weather Trends
Goshen Precipitation
With Goshen receiving 31.08 inches of precipitation in the last year, it is evident that the city has a drier climate compared to the national average of 50.61 inches. However, Goshen’s precipitation levels are higher than the Utah average of 25.26 inches. This lower precipitation amount in Goshen means less interference with sunlight reaching solar panels, making it an ideal location for solar energy generation.
Goshen’s UV Rating
Having an average UV rating of 3.92, Goshen is slightly below the national average of 4.29. However, it surpasses the Utah average of 3.89. The city’s high max UV rating of 4.35 further optimizes solar panel efficiency. With abundant sunlight available, installing solar panels in Goshen is a wise choice for harnessing clean and renewable energy.
Goshen’s Cloud Cover
Despite Goshen experiencing an average of 34% cloud cover in the last year, the city’s cloud cover levels are lower than both the national average of 44.46% and the Utah average of 31.68%. With a significant number of days having minimal cloud cover, Goshen offers prime conditions for consistent solar energy production throughout the year.
Goshen Utah Electricity Costs
At just $0.11/kw, Goshen residents pay lower electricity costs compared to the national average of $0.13/kw. While the state average in Utah is $0.1/kw, Goshen’s rates are still competitive. By transitioning to solar energy, residents can further reduce their electricity expenses in the long run, making it a financially smart decision for the future.
When could you expect to break even on a solar installation in Goshen Utah?
Considering the weather and electricity costs in Goshen Utah, 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:
- Goshen Utah receives less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Goshen Utah are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Goshen Utah is lower than the national average, with some variability throughout the year.
Now, let’s consider the electricity costs:
- Residents in Goshen Utah pay slightly less for electricity compared to the national average.
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 needed from the grid.
- Given Goshen Utah’s lower electricity rates, the savings are still significant.
After analyzing the numbers, it appears that it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will begin to offset the investment. Considering that solar panels have a long lifespan, the savings will continue for many years beyond the break-even point. Embracing solar energy is a wise choice for both cost savings and environmental benefits.
Investing in solar power in Goshen Utah
Installing solar panels in Goshen, Utah is a financially sound decision due to the city’s weather conditions and lower electricity costs. With ample sunlight and lower precipitation levels, solar panels are efficient in generating clean and renewable energy. By analyzing the data, it is estimated that it would take approximately 6 years to break even on the initial cost of a solar system. This investment not only saves money on electricity bills but also contributes to a greener environment. Embracing solar energy in Goshen is a smart choice for both financial savings and environmental benefits.