Overview
Here in Lewisville, Arkansas, installing solar panels on your home can lead to significant financial savings over time. By analyzing weather data and electricity costs specific to our area, we can demonstrate the long-term benefits of investing in solar energy. With detailed breakdowns of system costs and estimated payback periods, this article aims to convince you of the financial advantages of going solar in Lewisville.
Lewisville Arkansas Weather Trends
Lewisville Precipitation
In the last year, Lewisville Arkansas received 56.9 inches of precipitation, ranking it in the 63rd percentile nationally and the 62nd percentile within Arkansas. With a total precipitation average of 50.61 inches across the country and 54.5 inches in Arkansas, Lewisville’s slightly higher precipitation levels make it an ideal location for harnessing solar energy.
Lewisville’s UV Rating
With an average UV rating of 5.43 in the last year, Lewisville Arkansas ranks in the 88th percentile nationwide and the 90th percentile within the state. Comparing these statistics to the national average of 4.29 and Arkansas’s average of 5.13, it’s evident that Lewisville receives ample sunlight, making it a prime location for solar panel installation.
Lewisville’s Cloud Cover
In the last year, Lewisville Arkansas experienced an average cloud cover of 38%, placing it in the 21st percentile in the nation and the 48th percentile within Arkansas. With the national average sitting at 44.46% and Arkansas’s average at 38.77%, the relatively lower cloud cover in Lewisville ensures consistent sun exposure for solar panels to generate optimal electricity output.
Lewisville Arkansas Electricity Costs
Residents of Lewisville, Arkansas, pay around $0.11/kw for electricity, ranking the city in the 22nd percentile nationally and the 56th percentile in Arkansas. Compared to the national residential electricity average of $0.13/kw and Arkansas’s average of $0.11/kw, Lewisville’s relatively lower electricity costs make transitioning to solar power a financially advantageous decision in the long run.
When could you expect to break even on a solar installation in Lewisville Arkansas?
Considering the weather and electricity costs in Lewisville Arkansas, 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:
- Lewisville Arkansas receives more precipitation compared to the national average, but still has enough sunlight for effective solar panel operation.
- The UV ratings in Lewisville Arkansas are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Lewisville Arkansas is slightly lower than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lewisville Arkansas 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 amount needed from the grid.
- With lower electricity rates in Lewisville Arkansas, the savings may not be as significant compared to other locations.
After analyzing the data, it seems that it could take around 6-7 years to cover the initial cost of the solar panels in Lewisville Arkansas. This means that after this period, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, these savings will continue for many years to come. Investing in solar power is not only financially beneficial but also environmentally friendly.
Investing in solar power in Lewisville Arkansas
After analyzing the weather trends and electricity costs in Lewisville, Arkansas, it is evident that investing in solar panels can result in significant financial savings over time. With higher-than-average precipitation, ample sunlight, and lower cloud cover, Lewisville provides an ideal environment for solar energy generation. Additionally, the relatively lower electricity costs in the city make transitioning to solar power a financially advantageous decision. Based on the analysis provided in this article, it could take around 6-7 years to break even on the initial investment in solar panels, after which the savings on electricity bills will accumulate. Not only is going solar a smart financial choice, but it also helps reduce carbon emissions, making it a win-win situation for both your wallet and the environment.