Overview
In Lahoma, Oklahoma, installing solar panels on your home can lead to significant financial savings over time. By analyzing weather data and electricity costs specific to the area, we can estimate how long it would take to break even on the cost of a solar system. With ample sunshine, moderate precipitation, and low cloud cover, Lahoma residents can harness the power of solar energy to reduce their electricity bills and make a positive impact on the environment.
Lahoma Oklahoma Weather Trends
Lahoma Precipitation
With Lahoma Oklahoma receiving 45.97 inches of precipitation in the last year, it falls slightly below the national average of 50.61 inches. Compared to the rest of Oklahoma, Lahoma is also just below the state average of 46.74 inches. By harnessing solar energy, Lahoma residents can take advantage of the ample sunlight despite the slightly lower precipitation levels, leading to potential cost savings.
Lahoma’s UV Rating
Recording an average UV rating of 5.15 in the last year, Lahoma Oklahoma is ahead of both the national average of 4.29 and slightly above the state average of 5.2. Additionally, the average max UV rating of 5.59 places Lahoma in a good position to maximize solar energy production. With such high UV ratings, installing solar panels can be a smart investment for Lahoma residents to capitalize on the abundant sunshine.
Lahoma’s Cloud Cover
With an average cloud cover of 31% in the last year, Lahoma Oklahoma experiences less cloud cover than both the national average of 44.46% and the state average of 33.43%. This means more sun exposure for potential solar panel installations. With a significant number of clear days, Lahoma residents have the opportunity to generate more solar energy and reduce their reliance on traditional electricity sources, ultimately saving money in the long run.
Lahoma Oklahoma Electricity Costs
At a rate of about $0.1/kw for electricity, Lahoma residents pay less than both the national average of $0.13/kw and the state average of $0.11/kw. By installing solar panels, residents can further decrease their reliance on the grid and take control of their energy costs. With such low electricity rates, Lahoma residents stand to benefit financially from utilizing solar energy for their homes.
When could you expect to break even on a solar installation in Lahoma Oklahoma?
Considering the weather and electricity costs in Lahoma 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:
- Lahoma Oklahoma receives slightly less precipitation compared to the national average.
- The UV ratings in Lahoma Oklahoma are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Lahoma Oklahoma is lower than the national average, with a mix of cloudy and sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lahoma Oklahoma pay a bit 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 solar system will generate electricity, reducing the need to purchase electricity from the grid.
- With the lower electricity costs in Lahoma Oklahoma, the savings might take longer to cover the initial investment compared to areas with higher electricity rates.
After calculating the numbers, it seems it may take around 6-7 years to cover the initial cost of the solar panels in Lahoma Oklahoma. This means that after 6-7 years, the money saved on electricity bills will start to offset the investment. And since solar panels have a lifespan of 25-30 years, you’ll continue to benefit from those savings for many years to come. It’s a financially sound choice that also helps reduce your carbon footprint!
Investing in solar power in Lahoma Oklahoma
Installing solar panels in Lahoma, Oklahoma can be a smart financial decision for residents. With higher than average UV ratings and lower than average cloud cover, Lahoma is a great location for harnessing solar energy. Additionally, the relatively low electricity costs in the area mean that residents can expect to break even on their investment in solar panels in approximately 6-7 years. This initial investment will lead to long-term savings on electricity bills and a positive impact on the environment, making solar panels a wise choice for Lahoma residents looking to save money and reduce their carbon footprint.