Overview
In Lebanon, Oklahoma, installing solar panels on your home can lead to significant financial savings over time. By analyzing weather data and electricity costs, we can estimate how long it will take for a solar system to pay for itself. With a breakdown of costs and potential savings based on local conditions, you can make an informed decision on whether solar energy is the right choice for you.
Lebanon Oklahoma Weather Trends
Lebanon Precipitation
With Lebanon, Oklahoma receiving 42.51 inches of precipitation in the last year, it falls in the 32nd percentile both nationally and within the state of Oklahoma. Comparatively, the national average for total precipitation is 50.61 inches, and Oklahoma’s average stands at 46.74 inches. Although Lebanon may not be the wettest area, there is still enough rainfall to support the use of solar panels efficiently.
Lebanon’s UV Rating
Lebanon, Oklahoma boasts an average UV rating of 5.42, ranking it in the 87th percentile in the country and the 90th percentile in Oklahoma. In comparison, the national average UV rating is 4.29, and Oklahoma’s average is 5.2. Additionally, Lebanon’s average max UV rating of 5.87 places it in the 75th percentile nationwide and the 81st percentile in Oklahoma. These high UV ratings indicate strong solar potential for power generation.
Lebanon’s Cloud Cover
With an average of 33% cloud cover in the last year, Lebanon, Oklahoma falls in the 11th percentile nationally and the 49th percentile within the state. Comparatively, the national average for cloud cover is 44.46%, while Oklahoma’s average is 33.43%. These low cloud cover percentages mean more sunlight reaches Lebanon, making it an ideal location for solar panel installation for maximum energy production.
Lebanon Oklahoma Electricity Costs
Resident of Lebanon, Oklahoma pay about $0.1/kw for electricity, placing it in the 8th percentile nationally and the 6th percentile within Oklahoma. In contrast, the national average for residential electricity is $0.13/kw, and Oklahoma’s average rate is $0.11/kw. With lower electricity costs, investing in solar panels can lead to significant long-term savings for Lebanon residents, making it a financially sound decision.
When could you expect to break even on a solar installation in Lebanon Oklahoma?
Considering the weather and electricity costs in Lebanon, 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:
- Lebanon gets slightly less rain than the national average, and it has good UV ratings which are essential for generating solar power.
- The cloud cover in Lebanon is lower than the national average, with many days having clear skies for solar panels to work effectively.
Now, let’s consider the electricity costs:
- Residents in Lebanon pay less for electricity compared to the national average, making solar energy a cost-effective option.
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 from the grid, especially with Lebanon’s lower electricity costs.
After calculating the numbers, it appears that it would take around 6 years to cover the initial cost of the solar panels. This means, after 6 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years beyond the initial investment period. Investing in solar power is a wise financial decision that also contributes to environmental sustainability.
Investing in solar power in Lebanon Oklahoma
Based on the analysis of weather trends and electricity costs in Lebanon, Oklahoma, it is clear that investing in solar panels can lead to significant financial savings over the long term. With strong UV ratings, low cloud cover, and relatively low electricity costs, residents in Lebanon can expect to break even on a solar installation in approximately 6 years. Not only does solar energy offer a cost-effective option, but it also contributes to environmental sustainability. Therefore, installing solar panels in Lebanon, Oklahoma, is a smart decision for both your wallet and the planet.