Overview
In Humeston, Iowa, installing solar panels on your home can lead to significant financial benefits. By analyzing 365 days of weather data, we have found that with the ample sunshine the area receives, you can generate enough electricity to greatly reduce your monthly energy bills. With the cost of electricity on the rise, investing in a solar system can result in long-term savings and potentially even earn you money as excess energy can be sold back to the grid. We will break down the costs involved in installing a solar system and estimate how long it will take for you to break even, making the case for why solar power is a smart financial investment for Humeston residents.
Humeston Iowa Weather Trends
Humeston Precipitation
With 40.59 inches of precipitation in the last year, Humeston Iowa is in the 90th percentile in the state and the 28th percentile in the nation. Comparatively, the national average for total precipitation is 50.61 inches, while Iowa’s average is 36.9 inches. This means that despite receiving slightly less precipitation than the national average, Humeston still experiences enough rainfall to support solar panel installation and maximize energy generation.
Humeston’s UV Rating
Humeston Iowa boasts an average UV rating of 4.19, ranking it in the 81st percentile in Iowa and the 53rd percentile nationwide. Comparing this to the national average of 4.29 and Iowa’s average of 4.06, it is clear that Humeston experiences ample sunlight for efficient solar panel operation, especially considering its average max UV rating of 4.5, which surpasses the national and state averages.
Humeston’s Cloud Cover
With an average cloud cover of 41%, Humeston finds itself in the 22nd percentile in Iowa and the 32nd percentile in the nation, indicating that the area enjoys relatively clear skies. Furthermore, the distribution of cloud cover days shows that Humeston experiences a significant number of days with minimal cloud cover, ideal for maximizing solar energy production and increasing overall efficiency.
Humeston Iowa Electricity Costs
Residents of Humeston Iowa currently pay around $0.17/kw for electricity, positioning the area in the 100th percentile in the state and the 95th percentile in the country, indicating higher costs compared to national and state averages of $0.13/kw. By investing in solar panels and generating your electricity, you can significantly reduce your monthly energy bills, offsetting the high electricity costs in Humeston and potentially even earning money by selling excess energy back to the grid.
When could you expect to break even on a solar installation in Humeston Iowa?
Considering the weather and electricity costs in Humeston Iowa, 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:
- Humeston Iowa gets slightly less precipitation than the national average, which is good for solar panel efficiency.
- The average UV ratings in Humeston Iowa are close to the national average, indicating good conditions for generating solar power.
- Cloud cover in Humeston Iowa is below the national average, with a good number of clear days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Humeston Iowa pay more 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 need to purchase as much from the grid.
- Given the higher electricity rates in Humeston Iowa, the savings would be significant.
After analyzing the data, 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 accumulate and offset the investment. Additionally, solar panels have a long lifespan, so beyond that initial period, you’ll continue to benefit from those savings for many years. It’s a wise financial decision that also contributes positively to the environment!
Investing in solar power in Humeston Iowa
Installing solar panels in Humeston, Iowa is a smart financial investment. The area’s ample sunshine, combined with higher electricity costs, makes solar power a cost-effective solution to reduce monthly energy bills and potentially earn money by selling excess energy back to the grid. By analyzing the weather trends and electricity costs in Humeston, it is estimated that residents could break even on a standard solar system within approximately 6 years. This initial investment will lead to long-term savings and a positive impact on both finances and the environment.