Overview
In Lexa, Arkansas, installing solar panels on your home can be a smart financial decision. By analyzing weather data and basic electricity costs, we can show you how much money you can save by making the switch to solar energy. With the plentiful sunshine in Lexa, Arkansas, and the decreasing cost of solar panels, your investment can pay off sooner than you might think. Let us break down the numbers for you and show you the potential savings waiting for you with solar power.
Lexa Arkansas Weather Trends
Lexa Precipitation
In the last year, Lexa, Arkansas received 54.59 inches of precipitation, positioning it in the 58th percentile nationally and the 47th percentile within Arkansas. Comparatively, the national average for total precipitation is 50.61 inches, while Arkansas’s average stands at 54.5 inches. With a slightly higher precipitation level than the national average, Lexa still enjoys a relatively moderate amount of rainfall.
Lexa’s UV Rating
Over the past year, Lexa, Arkansas boasted an average UV rating of 5.13, placing it in the 81st percentile of the nation and the 60th percentile within Arkansas. In contrast, the national average for average UV rating is 4.29, with Arkansas falling closely behind at 5.13. Additionally, Lexa recorded an average max UV rating of 5.51, ranking it in the 67th percentile nationwide and the 46th percentile locally. The abundance of sunshine in Lexa makes it an ideal location for harnessing solar energy.
Lexa’s Cloud Cover
With an average of 39% cloud cover in the last year, Lexa, Arkansas finds itself in the 25th percentile nationally and the 80th percentile within the state. In comparison, the national average for cloud cover is 44.46%, while Arkansas sits at 38.77%. The frequency of days with varying degrees of cloud cover in Lexa provides ample sunlight for efficient solar panel operation.
Lexa Arkansas Electricity Costs
Residents of Lexa, Arkansas pay approximately $0.11 per kilowatt-hour for electricity, placing them in the 24th percentile nationally and the 62nd percentile within Arkansas. In contrast, the national average for residential electricity costs is $0.13 per kilowatt-hour, with Arkansas’s average aligning closely at $0.11. With relatively low electricity costs, investing in solar panels in Lexa can lead to long-term savings and environmental benefits.
When could you expect to break even on a solar installation in Lexa Arkansas?
Considering the weather and electricity costs in Lexa 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:
- Lexa Arkansas received slightly more precipitation than the national average, but it still has enough sunny days for solar panels to be effective.
- The UV ratings in Lexa are higher than the national average, making it a great location for generating solar power.
- Cloud cover in Lexa Arkansas is below the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lexa Arkansas pay less for electricity compared to the national average, which is beneficial for 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 purchased from the grid.
- With Lexa Arkansas’ lower electricity rates, the savings are still considerable.
After analyzing the data, it appears that it would take approximately 6 to 7 years to cover the initial cost of the solar panels. This means that after 6 to 7 years, the money saved on electricity bills will begin to outweigh the investment. Additionally, since solar panels have a lifespan of 25 to 30 years, you can continue to enjoy these savings for years to come. Investing in solar panels is a wise choice for both saving money and contributing to a cleaner environment.
Investing in solar power in Lexa Arkansas
With the combination of favorable weather conditions and relatively low electricity costs, investing in solar panels in Lexa, Arkansas can lead to substantial long-term savings. By analyzing the data on precipitation, UV ratings, cloud cover, and electricity costs, we can see that installing solar panels can result in breaking even on the initial investment in approximately 6 to 7 years. With solar panels lasting between 25 and 30 years, the potential for savings and environmental benefits make investing in solar energy in Lexa a smart financial decision for residents.