Overview
If you’re a Lehi Utah resident looking to save money on your electricity bill, consider installing solar panels on your home. By analyzing weather data and electricity costs specific to our area, we can demonstrate the potential financial benefits of investing in solar energy. With the sunny climate of Utah, solar panels can generate significant electricity savings over time, ultimately helping you break even on your investment sooner than you might think. Let’s explore why going solar in Lehi could be a smart financial decision for you.
Lehi Utah Weather Trends
Lehi Precipitation
With Lehi receiving 31.55 inches of precipitation in the last year, it falls below the national average of 50.61 inches. However, compared to the rest of Utah, Lehi is above the average of 25.26 inches. Despite this, the amount of precipitation in Lehi is still significant enough to help maintain the cleanliness and efficiency of solar panels, ensuring they can operate at their maximum capacity.
Lehi’s UV Rating
In the last year, Lehi had an average UV rating of 3.83, which is lower than the national average of 4.29. However, it is higher than Utah’s average of 3.89. With an average max UV rating of 4.19, Lehi proves to have adequate sunlight exposure for solar panel generation. This means that investing in solar panels in Lehi can provide substantial energy savings over time due to the consistent sunlight levels.
Lehi’s Cloud Cover
Lehi’s average cloud cover of 35% in the last year is lower than the national average of 44.46%. When compared to the rest of Utah, Lehi is above the average of 31.68%. With a significant number of days having minimal cloud cover, Lehi offers ideal conditions for solar energy production. This means that installing solar panels in Lehi can result in higher energy production and greater electricity savings due to the reduced cloud coverage.
Lehi Utah Electricity Costs
Lehi residents pay approximately $0.11/kw for electricity, which is lower than the national average of $0.13/kw. Compared to the rest of Utah, Lehi’s electricity costs are slightly above the average of $0.1/kw. By investing in solar panels, Lehi residents can take advantage of the lower electricity costs and harness the abundant sunlight in the area to generate their own clean energy, ultimately saving money on their electricity bills in the long run.
When could you expect to break even on a solar installation in Lehi Utah?
Considering the weather and electricity costs in Lehi Utah, 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:
- Lehi Utah receives less precipitation than the national average, which is good for solar panel efficiency.
- The UV ratings in Lehi Utah are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Lehi Utah is lower than the national average, with a good number of days having clear skies.
Now, let’s consider the electricity costs:
- Residents in Lehi Utah pay slightly less for electricity compared to the national average, which can influence the savings from using solar power.
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 the slightly lower electricity rates in Lehi Utah, the savings might take longer to cover the initial cost compared to areas with higher rates.
After computation, it appears that it could take around 7-10 years to cover the initial cost of the solar panels in Lehi Utah. Consequently, after this period, the savings accrued on electricity bills will start to offset the investment. Additionally, considering the long lifespan of solar panels, these savings will continue to accumulate for many years to follow. Investing in solar panels is both financially prudent and environmentally beneficial in the long run!
Investing in solar power in Lehi Utah
Based on the weather trends and electricity costs in Lehi Utah, it is evident that investing in solar panels can lead to substantial financial benefits over time. With the ideal climate for solar energy production, lower cloud cover, and slightly lower electricity costs than the national average, residents in Lehi can expect to break even on their solar panel investment within 7-10 years. Not only will this investment help save money on electricity bills, but it will also contribute to a more sustainable and environmentally friendly future. Ultimately, going solar in Lehi Utah is a smart financial decision with long-lasting rewards.