Overview
Are you a Greenwood Village resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been searching for. By analyzing 365 days of weather data specific to Greenwood Village, along with basic electricity costs, we will show you just how much you could save by going solar. With a breakdown of solar system costs and an estimate of how long it will take to break even, this article will help you make an informed decision about whether solar power is right for you.
Greenwood Village Colorado Weather Trends
Greenwood Village Precipitation
In the last year, Greenwood Village Colorado received 27.69 inches of precipitation, placing it in the 10th percentile nationally and the 39th percentile in Colorado. Compared to the national average of 50.61 inches and Colorado’s average of 35.53 inches, Greenwood Village’s lower precipitation levels make it an ideal location for solar panel installation. With less rain, there are fewer interruptions to solar power generation, allowing you to maximize your energy savings.
Greenwood Village’s UV Rating
Greenwood Village Colorado had an average UV rating of 4.1 in the last year, positioning it in the 50th percentile nationally and the 60th percentile in Colorado. While the national average for average UV rating is 4.29 and Colorado’s average is 4.02, Greenwood Village’s UV levels are favorable for efficient solar energy production. Higher UV ratings mean more sunlight for your solar panels, leading to increased energy generation and greater cost savings over time.
Greenwood Village’s Cloud Cover
With an average of 29% cloud cover in the last year, Greenwood Village Colorado ranks in the 6th percentile nationally and the 25th percentile in Colorado. Compared to the national average of 44.46% and Colorado’s average of 33.65%, Greenwood Village experiences clearer skies that are conducive to optimal solar panel performance. Less cloud cover means more direct sunlight, resulting in higher energy output and increased savings on your electricity bills.
Greenwood Village Colorado Electricity Costs
Greenwood Village residents pay about $0.12/kw for electricity, placing them in the 58th percentile nationally and the 14th percentile in Colorado. While the national average for residential electricity is $0.13/kw and Colorado’s average is $0.14/kw, Greenwood Village’s relatively lower electricity costs make solar panel installation even more financially attractive. By generating your own electricity through solar power, you can further reduce your utility expenses and enjoy long-term savings.
When could you expect to break even on a solar installation in Greenwood Village Colorado?
Considering the weather and electricity costs in Greenwood Village Colorado, 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:
- Greenwood Village Colorado receives less precipitation compared to the national average, making it a good location for solar panel installation.
- The UV ratings are slightly below the national average, but still suitable for generating solar power efficiently.
- Cloud cover in Greenwood Village Colorado is lower than the national average, with a good number of clear days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Greenwood Village Colorado pay slightly less for electricity compared to the national average, which can impact the savings from using 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 amount needed from the grid, especially with the lower electricity costs in Greenwood Village Colorado.
- Considering the lower electricity costs, the savings might take a bit longer to cover the initial investment.
After analyzing the data, it appears that it could take around 5-6 years to cover the initial cost of the solar panels in Greenwood Village Colorado. This means that after this period, the savings on electricity bills will start to compensate for the investment made. Additionally, with solar panels typically lasting for 25-30 years, the long-term savings and benefits are well worth the initial cost. Investing in solar power not only saves money but also contributes to a cleaner and more sustainable environment over time.
Investing in solar power in Greenwood Village Colorado
Installing solar panels in Greenwood Village, Colorado can be a cost-effective solution to reduce electricity bills and contribute to a more sustainable environment. By analyzing the weather trends specific to Greenwood Village and the electricity costs in the area, it is clear that solar power is a viable option for residents. With lower precipitation levels, favorable UV ratings, and minimal cloud cover, Greenwood Village provides ideal conditions for optimal solar panel performance. Considering the relatively lower electricity costs, it is estimated that it could take around 5-6 years to break even on the initial investment in solar panels. Ultimately, the long-term savings and environmental benefits make solar power a smart choice for Greenwood Village residents looking to save money and support renewable energy.