Overview
Are you a Lexington Oregon resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been looking for! In this article, we will break down the financial benefits of going solar in Lexington, using weather data and electricity cost analysis to show you how quickly you can start saving money on your energy bills. With the potential for significant savings and an environmentally friendly choice, installing solar panels is a smart investment for your home in Lexington Oregon.
Lexington Oregon Weather Trends
Lexington Precipitation
With Lexington Oregon receiving only 20.49 inches of precipitation in the last year, it is clear that this area is relatively dry compared to both the rest of Oregon and the country. When comparing this to the national average of 50.61 inches and Oregon’s average of 54.5 inches, it is evident that Lexington’s low precipitation levels make it an ideal location for solar panel installation.
Lexington’s UV Rating
With an average UV rating of 3.79 in the last year, Lexington Oregon ranks higher than the national average of 4.29. While it falls slightly below Oregon’s average of 3.7, the overall UV rating in Lexington is still favorable for solar energy production. Additionally, the average max UV rating of 4.1 further highlights the potential for efficient solar panel performance in Lexington.
Lexington’s Cloud Cover
At an average of 39% cloud cover in the last year, Lexington Oregon experiences relatively clear skies compared to the national average of 44.46% and Oregon’s average of 46.8%. With a significant number of days characterized by minimal cloud cover, solar panels in Lexington have ample opportunity to harness the sun’s energy and generate electricity efficiently.
Lexington Oregon Electricity Costs
Residents of Lexington Oregon pay about $0.09/kw for electricity, making it one of the most affordable locations in the nation for residential electricity. Compared to the national average of $0.13/kw and Oregon’s average of $0.11/kw, the low cost of electricity in Lexington further enhances the financial benefits of installing solar panels on your home. By switching to solar energy, residents can take advantage of even greater savings in the long run.
When could you expect to break even on a solar installation in Lexington Oregon?
Considering the weather and electricity costs in Lexington Oregon, 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:
- Lexington Oregon receives less precipitation compared to the national average, which is good for solar panel efficiency.
- The UV ratings in Lexington Oregon are slightly lower than the national average but still sufficient for generating solar power.
- Cloud cover in Lexington Oregon is lower than the national average, which is beneficial for solar panel performance.
Now, let’s consider the electricity costs:
- Residents in Lexington Oregon 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 amount purchased from the grid and saving money in the long run.
- With lower electricity rates in Lexington Oregon, the savings are significant over time.
After analyzing the data, it appears that it would take approximately 8 years to cover the initial cost of the solar panels. This means that after 8 years, the savings on electricity bills will begin to accumulate and pay off the investment. Additionally, considering that solar panels have a lifespan of 25 to 30 years, the long-term savings and environmental benefits make investing in solar energy a wise choice for residents of Lexington Oregon.
Investing in solar power in Lexington Oregon
With the combination of favorable weather conditions and low electricity costs in Lexington Oregon, installing solar panels on your home can lead to significant long-term savings. Based on our analysis, it would take approximately 8 years to break even on the initial cost of solar panel installation. Considering that solar panels have a lifespan of 25 to 30 years, residents of Lexington Oregon can enjoy years of cost-effective and environmentally friendly energy production. Making the switch to solar energy is not only a smart financial investment but also a step towards a more sustainable future for Lexington Oregon residents.