Overview
In this article, we will explore the financial benefits of installing solar panels on your home in Little Rock, Mississippi. By examining weather data and electricity costs specific to the area, we will show you how investing in a solar system can help you save money in the long run. We will break down the cost of installation and estimate how long it will take for you to see a return on your investment, making it clear why solar power is a smart choice for residents of Little Rock.
Little Rock Mississippi Weather Trends
Little Rock Precipitation
With 60.71 inches of precipitation in the last year, Little Rock ranks in the 72nd percentile in the nation and the 60th percentile in Mississippi. Comparing to the national average of 50.61 inches and Mississippi’s average of 60.13 inches shows that Little Rock’s precipitation levels are ideal for generating solar energy efficiently.
Little Rock’s UV Rating
Little Rock had an average UV rating of 5.3, placing it in the 85th percentile in the nation and the 45th percentile in Mississippi. The average max UV rating of 5.72 further emphasizes the abundance of sunlight in the area. These numbers exceed both the national average of 4.29 and Mississippi’s average of 5.31, indicating great potential for solar panel efficiency.
Little Rock’s Cloud Cover
With an average of 42% cloud cover, Little Rock is in the 39th percentile in the nation and the 72nd percentile in Mississippi. Despite having 120 days with 0-25% cloud cover, the area still received significant sunlight. Compared to the national average of 44.46% and Mississippi’s average of 41.29%, Little Rock’s cloud cover is conducive to solar energy production.
Little Rock Mississippi Electricity Costs
Residents of Little Rock pay $0.12/kw for electricity, which positions them in the 51st percentile in the nation and the 70th percentile in Mississippi. While the national average is slightly higher at $0.13/kw, Little Rock’s electricity costs are lower than Mississippi’s average of $0.11/kw. By installing solar panels, residents can reduce their reliance on traditional energy sources and save money in the long run.
When could you expect to break even on a solar installation in Little Rock Mississippi?
Considering the weather and electricity costs in Little Rock Mississippi, 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:
- Little Rock Mississippi receives more precipitation than the national average, but it still has enough sunlight for solar panels to work effectively.
- The UV ratings in Little Rock Mississippi are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Little Rock Mississippi is slightly lower than the national average, with some cloudy days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Little Rock Mississippi pay slightly less for electricity compared to the national average, at $0.12/kw.
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 as much from the grid.
- With the lower electricity rates in Little Rock Mississippi, the savings from using solar power are still significant.
After analyzing the data, it appears that it would take approximately 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, with solar panels lasting up to 30 years, you will continue to save money for many years to come. Making the switch to solar power is both a financially smart decision and an environmentally friendly one!
Investing in solar power in Little Rock Mississippi
Overall, installing solar panels in Little Rock, Mississippi can prove to be a wise financial decision for residents. By taking advantage of the area’s ideal weather conditions and lower electricity costs, homeowners can expect to see a return on their investment in approximately 6-7 years. With the longevity of solar panel systems, the savings will continue for decades, making the switch to solar power a beneficial choice both economically and environmentally.