Overview
Are you tired of high electricity bills in Lakewood, Colorado? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data for the area, we’ll show you how much money you could save on your monthly bills by harnessing the power of the sun. With the cost of solar systems becoming more affordable than ever, you may be surprised at how quickly you can break even on your investment. Get ready to see a positive impact on your finances with solar energy!
Lakewood Colorado Weather Trends
Lakewood Precipitation
With Lakewood, Colorado receiving 37.21 inches of precipitation in the last year, it falls below the national average of 50.61 inches, but surpasses Colorado’s average of 35.53 inches. Utilizing solar panels in a region with moderate rainfall like Lakewood can help maximize energy output and savings.
Lakewood’s UV Rating
Having an average UV rating of 4.05, Lakewood is in the middle of the pack compared to the rest of the nation and Colorado. With a higher UV rating than the state average, Lakewood benefits from increased sun exposure, making it an ideal location for capturing solar energy.
Lakewood’s Cloud Cover
With an average of 30% cloud cover, Lakewood experiences clearer skies compared to the national average of 44.46%. This means more sunshine for your solar panels to convert into energy. With numerous clear days in Lakewood, you can expect consistent energy production throughout the year.
Lakewood Colorado Electricity Costs
At $0.11/kw, Lakewood residents enjoy lower electricity costs compared to the national average of $0.13/kw. Although Colorado’s average is slightly higher at $0.14/kw, investing in solar panels can significantly reduce your reliance on expensive grid power, ultimately saving you money in the long run.
When could you expect to break even on a solar installation in Lakewood Colorado?
Considering the weather and electricity costs in Lakewood Colorado, 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:
- Lakewood Colorado received less precipitation than the national average, making it a good location for solar panels.
- The UV ratings are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover is lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lakewood Colorado 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 bought from the grid.
- With Lakewood Colorado’s lower electricity rates, the savings are still significant.
After doing the math, it looks like it would take around 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the money saved on electricity bills will start to add up and pay off the investment. Additionally, solar panels have a long lifespan, so you’ll continue to benefit from these savings for many years to come. Investing in solar energy is a smart financial and environmental choice!
Investing in solar power in Lakewood Colorado
With the right combination of favorable weather conditions and lower-than-average electricity costs in Lakewood, Colorado, installing solar panels could be a wise investment. By harnessing the power of the sun, residents can expect to break even on their initial investment in as little as 6-7 years. Beyond that point, the savings on electricity bills will continue to add up, creating a positive impact on your finances for years to come. Make the switch to solar energy and start enjoying the benefits of a more sustainable and cost-effective energy source!