Overview
If you are a resident of Loma Colorado, you may be interested in learning about the financial benefits of installing solar panels on your home. By analyzing weather data, electricity costs, and the cost of a solar system, we can estimate how long it will take for you to break even on your investment. With the potential for significant savings on your monthly electricity bills, going solar could be a smart financial decision for you and your family.
Loma Colorado Weather Trends
Loma Precipitation
With Loma Colorado receiving 73.3 inches of precipitation in the last year, it is in the 93rd percentile in both the nation and the state of Colorado. This means that Loma experiences more precipitation compared to the national and state averages of 50.61 inches and 35.53 inches respectively. Embracing solar energy in a location with higher precipitation levels can help you capitalize on the natural resource to generate clean electricity for your home.
Loma’s UV Rating
Having an average UV rating of 6.61, Loma Colorado is in the 99th percentile nationwide and the 97th percentile within Colorado. This high UV rating positions Loma as an ideal location for solar panel installation, as the abundant sunshine can efficiently power your home with clean energy. Taking advantage of the sunny climate in Loma can significantly reduce your reliance on traditional grid electricity sources.
Loma’s Cloud Cover
With an average of 45% cloud cover in the last year, Loma Colorado ranks in the 55th percentile in the nation and the 90th percentile in Colorado. The moderate cloud cover in Loma provides a balance for solar energy production, allowing for effective generation of electricity even on partly cloudy days. By harnessing solar power in a location with favorable cloud cover conditions, you can maximize your energy savings throughout the year.
Loma Colorado Electricity Costs
Residents of Loma Colorado pay about $0.13/kw for electricity, putting them in the 65th percentile nationally and the 18th percentile within Colorado. While the electricity costs in Loma are slightly lower than the state average of $0.14/kw, utilizing solar panels can further reduce your monthly utility expenses. By investing in solar energy, you can protect yourself against potential future electricity rate increases and enjoy long-term financial savings on your energy bills.
When could you expect to break even on a solar installation in Loma Colorado?
Considering the weather and electricity costs in Loma Colorado, 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:
- Loma Colorado receives more precipitation than the national average, but it still has enough sunny days for solar panels to be effective.
- The UV ratings in Loma Colorado are higher than the national average, which is great for generating solar power.
- Cloud cover in Loma Colorado is slightly higher than the national average, varying throughout the year.
Now, let’s consider the electricity costs:
- Residents in Loma Colorado pay about the national average for electricity.
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:
- Since Loma Colorado electricity costs are at the national average, the savings from using solar power will be in line with other areas.
After crunching the numbers, it looks like it would take around 8-10 years to cover the initial cost of the solar panels in Loma Colorado. That means, after 8-10 years, the money you save on electricity bills will start to add up and pay off the investment. Plus, with solar panels lasting up to 30 years, you’ll enjoy those savings for many years to come. It’s a smart way to save money and contribute to a greener environment!
Investing in solar power in Loma Colorado
With the analysis of weather trends, electricity costs, and the potential for savings, installing solar panels in Loma Colorado can be a beneficial financial decision for residents. The high UV ratings, moderate cloud cover, and average precipitation levels in Loma make it an ideal location for generating clean energy from the sun. Considering the electricity costs in the area, it may take around 8-10 years to break even on the initial investment in solar panels. However, the long-term savings and environmental benefits make going solar a wise choice for families in Loma Colorado.