Overview
Discover the significant financial benefits of installing solar panels on your home in Higginson, Arkansas. By analyzing weather data and electricity costs specific to the area, we will show you how a solar system can help you save money in the long run. With the cost breakdown of a solar system and an estimate of the break-even point, you’ll see how investing in solar power can be a smart decision for your wallet.
Higginson Arkansas Weather Trends
Higginson Precipitation
With 54.14 inches of precipitation in the past year, Higginson Arkansas ranks in the 57th percentile nationally and the 45th percentile in Arkansas. Comparatively, the national average for total precipitation is 50.61 inches, while Arkansas averages 54.5 inches. Investing in solar panels can help offset the higher than average precipitation in Higginson, ultimately saving you money in the long run.
Higginson’s UV Rating
Having an average UV rating of 5.05, Higginson Arkansas is in the 79th percentile in the nation and the 48th percentile in Arkansas. In comparison, the national average for UV rating is 4.29, with Arkansas averaging 5.13. Additionally, Higginson’s average max UV rating of 5.52 places it in the 67th percentile nationally and the 47th percentile in Arkansas. Higher UV ratings mean more sun exposure, making solar panels an efficient and cost-effective choice for your home energy needs.
Higginson’s Cloud Cover
With an average of 39% cloud cover, Higginson Arkansas ranks in the 22nd percentile nationally and the 57th percentile in Arkansas. The national average for cloud cover is 44.46%, while Arkansas averages 38.77%. Additionally, Higginson experienced varying cloud cover throughout the year, with a significant number of clear days suitable for solar energy production. Taking advantage of these clear days can significantly reduce your reliance on traditional grid electricity.
Higginson Arkansas Electricity Costs
Residents in Higginson pay about $0.11/kw for electricity, placing them in the 31st percentile nationally and the 79th percentile in Arkansas. Comparatively, the national average for residential electricity is $0.13/kw, with Arkansas averaging $0.11/kw. By installing solar panels and generating your own electricity, you can lower your dependency on the grid and reduce your overall electricity costs, providing long-term financial benefits for your household.
When could you expect to break even on a solar installation in Higginson Arkansas?
Considering the weather and electricity costs in Higginson, 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:
- Higginson, Arkansas receives slightly more precipitation than the national average, but still has enough sunlight for solar panels to be effective.
- The UV ratings in Higginson are higher than the national average, which is great for generating solar power.
- Cloud cover in Higginson is slightly lower than the national average, which is beneficial for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Higginson, Arkansas pay slightly less for electricity compared to the national average, at $0.11/kw.
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 less electricity needs to be purchased from the grid.
- With Higginson’s lower electricity rates, the savings from using solar power are slightly lower compared to the national average.
After analyzing the data, it looks like it would take around 7-8 years to cover the initial cost of the solar panels. This means that after 7-8 years, the money saved on electricity bills will start to accumulate and pay off the investment. Considering that solar panels typically last 25-30 years, this investment can lead to significant savings over its lifetime. It’s a smart financial and environmentally-friendly choice!
Investing in solar power in Higginson Arkansas
Installing solar panels in Higginson, Arkansas can bring significant financial benefits over time. By taking advantage of the area’s weather trends and relatively low electricity costs, investing in solar power is a smart decision for your home. With a break-even point estimated around 7-8 years, the long lifespan of solar systems offers substantial savings in the long run. Not only will you be saving money on electricity bills, but you’ll also be making an environmentally-friendly choice that benefits both your household and the planet.