Overview
Living in Lake Oswego, Oregon, you may be wondering if installing solar panels on your home is worth the investment. By analyzing weather data and electricity costs specific to our area, we can show you the financial benefits of going solar. With information on precipitation, UV ratings, cloud cover, and cost breakdowns for a solar system, you’ll see how quickly you can break even on your investment and start saving money on your electricity bill.
Lake Oswego Oregon Weather Trends
Lake Oswego Precipitation
With Lake Oswego receiving 60.61 inches of precipitation in the last year, it is evident that our city experiences more rainfall compared to the national average of 50.61 inches. While we rank in the 63rd percentile in Oregon, we still surpass the national average. By harnessing this abundant resource, you can take advantage of the rainy climate to generate solar power efficiently.
Lake Oswego’s UV Rating
Considering Lake Oswego’s average UV rating of 3.8 in the last year, we can see that our city falls below the national average of 4.29. However, with an average max UV rating of 4.28, Lake Oswego proves to have more potential for solar energy production. By installing solar panels, you can still benefit from the available sunlight and take advantage of clean energy.
Lake Oswego’s Cloud Cover
At an average of 51% cloud cover in the last year, Lake Oswego residents may have concerns about solar panel efficiency. However, with 123 days of minimal cloud cover, there are ample opportunities for solar power generation. Even though we rank high in cloud cover nationally and in Oregon, the clear days can significantly contribute to your electricity savings through solar energy.
Lake Oswego Oregon Electricity Costs
With electricity costs at around $0.13/kw in Lake Oswego, residents are paying slightly more compared to the national average. Despite this, going solar can help you offset these costs in the long run. While our electricity rates in Lake Oswego are higher than Oregon’s average, the savings from solar panels will make a noticeable difference in your monthly bills.
When could you expect to break even on a solar installation in Lake Oswego Oregon?
Considering the weather and electricity costs in Lake Oswego, Oregon, 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:
- Lake Oswego gets more rain than the national average, but it still has enough sun for solar panels to work effectively.
- The UV ratings are slightly lower than the national average, but they’re still good for generating solar power.
- Cloud cover is higher than the national average, with variability throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lake Oswego pay the national average for electricity.
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 average electricity rates, the savings will accumulate over time.
After analyzing the data, it seems that it would take approximately 5-6 years to cover the initial cost of the solar panels. This means that after those years, the money saved on electricity bills will start offsetting the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years beyond that. Investing in solar panels is a wise decision to save money and contribute to a greener environment!
Investing in solar power in Lake Oswego Oregon
After analyzing the weather trends and electricity costs specific to Lake Oswego, Oregon, it is evident that investing in solar panels can be a financially beneficial decision. Despite higher precipitation levels and cloud cover compared to national averages, Lake Oswego still receives enough sunlight to generate solar power efficiently. With electricity costs slightly above the national average, the savings from using solar energy can help residents offset these expenses in the long run. Based on the data provided, it would take approximately 5-6 years to break even on the initial investment in solar panels. This means that after this period, residents can start saving money on their electricity bills and contribute to a greener environment for many years to come. Installing solar panels in Lake Oswego, Oregon is a smart choice for both financial and environmental reasons.