Overview
This article will show you how installing solar panels on your home in Lebanon, Missouri can help you save money on your electricity bills. By analyzing weather data and electricity costs specific to the area, we will demonstrate the financial benefits of investing in solar energy. We will break down the cost of a solar system and estimate how long it will take for you to break even, making it easier for you to decide on solar for your home.
Lebanon Missouri Weather Trends
Lebanon Precipitation
With Lebanon Missouri receiving 52.35 inches of precipitation in the last year, it is evident that the area experiences a significant amount of rain. Comparing this to the national average of 50.61 inches, and Missouri’s average of 47.04 inches, Lebanon is slightly above average. By harnessing this rainwater through solar panels, you can generate clean and renewable energy for your home.
Lebanon’s UV Rating
Lebanon Missouri boasts an average UV rating of 4.59, positioning it above the national average of 4.29 and on par with Missouri’s average of 4.59. With an average max UV rating of 5.05, Lebanon’s solar potential is promising. Installing solar panels can help you take advantage of this abundant sunlight to reduce your reliance on traditional energy sources.
Lebanon’s Cloud Cover
Lebanon Missouri enjoys an average of 38% cloud cover, which is lower than the national average of 44.46% and Missouri’s average of 39.07%. With 156 days of clear skies, there are ample opportunities for solar energy production in Lebanon. By harnessing the sun’s energy on these cloud-free days, you can make significant savings on your electricity bills.
Lebanon Missouri Electricity Costs
Residents of Lebanon Missouri pay approximately $0.11/kw for electricity, which is below the national average of $0.13/kw and aligns with Missouri’s average of $0.11/kw. By investing in solar panels, you can offset these electricity costs and even potentially generate excess energy to sell back to the grid. Over time, this can lead to significant savings and a greener, more sustainable lifestyle.
When could you expect to break even on a solar installation in Lebanon Missouri?
Considering the weather and electricity costs in Lebanon, Missouri, 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:
- Lebanon receives slightly more precipitation than the national average, but it still has plenty of sunshine for solar panels to be effective.
- The UV ratings in Lebanon are above the national average, making it a good location for generating solar power.
- Cloud cover in Lebanon is lower than the national average, with a good amount of sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lebanon pay slightly less for electricity compared to the national average, at $0.11/kw.
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 and resulting in savings on electricity bills.
- With Lebanon’s lower electricity rates, the savings might take longer to cover the initial cost compared to areas with higher rates.
After analyzing the numbers, it looks like it might take around 6-7 years to cover the initial cost of the solar panels in Lebanon. This means that after 6-7 years, the savings on electricity bills will start to accumulate and pay off the investment. Since solar panels have a lifespan of 25-30 years, you’ll be enjoying those savings for many years to come once the initial investment is recouped. It’s a wise choice for both saving money and contributing to a greener environment!
Investing in solar power in Lebanon Missouri
Investing in solar panels for your home in Lebanon, Missouri can be a financially smart decision. With abundant sunlight, slightly above-average precipitation, and lower-than-average electricity costs, you can expect to break even on your solar installation in around 6-7 years. This means that after this initial period, you will start saving money on your electricity bills and enjoy the benefits of renewable energy for many years to come. Making the switch to solar is not only beneficial for your wallet but also for the environment, creating a win-win situation for homeowners in Lebanon.