Overview
In Idabel, Oklahoma, installing solar panels on your home can lead to significant cost savings on your electricity bill. By analyzing weather data and electricity costs in the area, we will show you how a solar system can help you break even in a reasonable amount of time. With the right information, you can make an informed decision on whether solar energy is the right choice for you and your family.
Idabel Oklahoma Weather Trends
Idabel Precipitation
With Idabel Oklahoma receiving 61.15 inches of precipitation in the last year, you may be concerned about the impact on solar panel efficiency. However, Idabel is actually in the 73rd percentile in the nation for precipitation, meaning that many areas receive more rain. Compared to the rest of Oklahoma, Idabel is in the 95th percentile for precipitation. This shows that despite the rain, installing solar panels in Idabel can still be a viable and effective way to generate electricity.
Idabel’s UV Rating
In terms of UV ratings, Idabel Oklahoma had an average rating of 5.28 in the last year, making it a great location for solar energy production. This places Idabel in the 84th percentile in the nation and the 73rd percentile in Oklahoma for UV ratings. With an average max UV rating of 5.8, Idabel is in a prime position to benefit from solar energy. Compared to the national and state averages, Idabel’s UV ratings are higher, indicating more potential for solar energy generation.
Idabel’s Cloud Cover
Idabel Oklahoma had an average cloud cover of 38% in the last year, ranking it in the 22nd percentile in the nation and the 97th percentile in Oklahoma. This means that Idabel experiences relatively clear skies, allowing for more sunlight to reach solar panels throughout the year. With a significant number of days with low cloud cover, Idabel offers optimal conditions for solar energy production compared to other areas with higher cloud cover percentages.
Idabel Oklahoma Electricity Costs
Residents in Idabel pay about $0.11/kw for electricity, which is lower than the national average of $0.13/kw. This places Idabel in the 37th percentile in the nation and the 79th percentile in Oklahoma for electricity costs. By installing solar panels, you can offset some or all of your electricity costs, saving you money in the long run. With these lower electricity costs in Idabel, a solar energy system can help you achieve even greater savings on your monthly bills.
When could you expect to break even on a solar installation in Idabel Oklahoma?
Considering the weather and electricity costs in Idabel, Oklahoma, 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:
- Idabel gets more precipitation than the national average, but it still has good UV ratings and manageable cloud cover for solar panel efficiency.
- The UV ratings in Idabel are higher than the national average, which is ideal for generating solar power.
- Cloud cover in Idabel is slightly lower than the national average, providing more sunlight for solar panels.
Now, let’s consider the electricity costs:
- Residents in Idabel 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.
- With Idabel’s lower electricity rates, the savings are still significant.
After crunching the numbers, it looks like it would take around 4 years to cover the initial cost of the solar panels. This means that after 4 years, the money saved on electricity bills will start to accumulate and pay off the investment. Considering solar panels last for 25 to 30 years, you’ll enjoy those savings for a long time. Investing in solar power is not only financially smart, but also beneficial for the environment!
Investing in solar power in Idabel Oklahoma
Based on the analysis of weather data and electricity costs in Idabel, Oklahoma, it is evident that installing solar panels can lead to significant cost savings on electricity bills. With higher UV ratings, lower cloud cover, and manageable precipitation rates, Idabel offers optimal conditions for solar energy generation. Additionally, residents in Idabel pay lower electricity costs compared to the national average, making solar energy an attractive investment. Considering all these factors, it is estimated that it would take around 4 years to break even on the initial cost of installing solar panels. This means that after 4 years, the savings on electricity bills will start to accumulate, providing long-term financial benefits. By making an informed decision to invest in solar energy, not only can you save money, but you can also contribute to a more sustainable environment for future generations.