Overview
Are you looking to save money on your electricity bills in Lawton, Oklahoma? Installing solar panels on your home could be a smart financial move. By analyzing weather data and electricity costs specific to Lawton, it’s clear that solar energy can be a cost-effective and sustainable solution for powering your home. In this article, we will break down the financial benefits of installing a solar system, including estimated costs and the time it will take to break even on your investment.
Lawton Oklahoma Weather Trends
Lawton Precipitation
With Lawton Oklahoma receiving 39.64 inches of precipitation in the last year, it’s important to note that this puts Lawton below the national average of 50.61 inches. Compared to the rest of Oklahoma, Lawton ranks slightly lower at the 17th percentile. This means that Lawton residents can take advantage of the relatively drier climate to maximize solar energy production, making it a wise choice for sustainable and cost-effective energy.
Lawton’s UV Rating
Lawton Oklahoma boasts an average UV rating of 5.47, which positions it in the 88th percentile in the nation. In comparison to the rest of Oklahoma, Lawton holds the 93rd percentile. These higher UV ratings indicate that Lawton receives ample sunlight, making it an ideal location for solar panel installation. By harnessing the power of the sun, Lawton residents can generate clean energy while reducing their electricity bills.
Lawton’s Cloud Cover
With an average of 30% cloud cover in Lawton Oklahoma, residents can expect mostly clear skies for solar energy production. Lawton ranks in the 7th percentile nationally and the 13th percentile within Oklahoma for cloud cover. By having more sunny days throughout the year, Lawton offers optimal conditions for solar panel efficiency, allowing residents to benefit from reliable and consistent renewable energy.
Lawton Oklahoma Electricity Costs
Lawton residents pay about $0.10/kw for electricity, positioning them below the national average of $0.13/kw. Compared to the rest of Oklahoma, Lawton falls in the 31st percentile. With lower electricity costs and favorable weather conditions for solar energy generation, installing solar panels in Lawton can result in significant savings on electricity bills over time, making it a financially wise decision for homeowners.
When could you expect to break even on a solar installation in Lawton Oklahoma?
Considering the weather and electricity costs in Lawton 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:
- Lawton Oklahoma receives less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Lawton Oklahoma are higher than the national average, providing great conditions for generating solar power.
- Cloud cover in Lawton Oklahoma is lower than the national average, with a significant number of days having minimal cloud cover.
Now, let’s consider the electricity costs:
- Residents in Lawton Oklahoma pay less for electricity compared to the national average, making solar power even more cost-effective.
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 purchase electricity from the grid.
- With Lawton Oklahoma’s lower electricity rates, the savings from using solar power are substantial.
After analyzing the data, it appears that it would take approximately 4-5 years to cover the initial cost of the solar panels in Lawton Oklahoma. This means that after this initial period, the savings on electricity bills will start accumulating and payoff the investment. Moreover, since solar panels have a long lifespan, the savings will continue for many years beyond the break-even point. Installing solar panels is a wise financial decision that also benefits the environment!
Investing in solar power in Lawton Oklahoma
Installing solar panels in Lawton, Oklahoma can be a smart way to save money on electricity bills while also benefiting the environment. With favorable weather conditions, including lower precipitation, higher UV ratings, and minimal cloud cover, Lawton offers an optimal environment for generating solar energy. Additionally, with electricity costs lower than the national average, residents can expect significant savings over time. By analyzing the data, it is clear that investing in a solar system in Lawton could lead to a break-even point in just 4-5 years, after which the savings will continue to accumulate. Making the switch to solar power is not only a wise financial decision but also a sustainable choice for powering your home.