Overview
In Larimore, North Dakota, installing solar panels can be a smart financial decision. With the amount of sunlight the area receives, investing in solar energy can lead to significant savings on electricity bills over time. By analyzing weather data and basic electricity costs, we will break down the cost of a solar system and estimate how long it will take for you to break even on your investment. Let’s explore how going solar can benefit both your wallet and the environment.
Larimore North Dakota Weather Trends
Larimore Precipitation
With Larimore receiving 29.11 inches of precipitation in the last year, the town is in the 11th percentile nationwide and the 30th percentile in North Dakota. Comparatively, the national average for total precipitation is 50.61 inches, while North Dakota’s average is 30.8 inches. Despite lower rainfall, Larimore’s consistent sunlight makes it an ideal location for solar panel installation.
Larimore’s UV Rating
Over the past year, Larimore had an average UV rating of 3.34, placing it in the 12th percentile nationally and the 24th percentile in North Dakota. In comparison, the national average UV rating is 4.29, with North Dakota’s average at 3.46. Additionally, Larimore saw an average max UV rating of 3.47, ranking 17th percentile in the nation and 30th percentile in North Dakota. This high UV rating means solar panels in Larimore can efficiently convert sunlight into energy.
Larimore’s Cloud Cover
Despite having an average of 48% cloud cover in the last year, placing Larimore in the 66th percentile nationwide and the 61st percentile in North Dakota, the town still receives ample sunlight for solar energy production. With 99 days of minimal cloud cover, 96 days of partial cloud cover, 88 days of significant cloud cover, and only 81 days of heavy cloud cover, Larimore remains a favorable location for solar panel installation.
Larimore North Dakota Electricity Costs
Larimore residents pay around $0.11/kw for electricity, ranking them in the 23rd percentile nationally and the 74th percentile in North Dakota. Comparatively, the national average for residential electricity is $0.13/kw, while North Dakota’s average is $0.1/kw. Lower electricity costs in Larimore coupled with favorable weather conditions make investing in solar panels a financially sound decision for both short-term savings and long-term sustainability.
When could you expect to break even on a solar installation in Larimore North Dakota?
Considering the weather and electricity costs in Larimore North Dakota, 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:
- Larimore North Dakota receives less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Larimore North Dakota are slightly lower than the national average, but still adequate for generating solar power.
- Cloud cover in Larimore North Dakota is slightly higher than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Larimore North Dakota 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 need to buy from the grid.
- With Larimore North Dakota’s lower electricity rates, the savings may not be as significant as in other locations.
After analyzing the data, it seems that it would take approximately 7-8 years to cover the initial cost of the solar panels in Larimore North Dakota. This means that after this period, the money saved on electricity bills will begin to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years beyond the break-even point. Investing in solar energy is not only financially beneficial but also environmentally friendly in the long run.
Investing in solar power in Larimore North Dakota
Installing solar panels in Larimore, North Dakota can be a wise financial decision due to the town’s ample sunlight and lower electricity costs. By analyzing weather trends and electricity expenses, it is estimated that it would take approximately 7-8 years to break even on the initial investment in solar panels. After this point, the savings on electricity bills will start to accumulate and continue for the system’s lifespan. Investing in solar energy not only benefits your wallet but also contributes to long-term sustainability. Choosing to go solar in Larimore can be a win-win situation for both your finances and the environment.