Overview
Are you tired of high electricity bills eating away at your monthly budget? With the sunny climate of Lowell, Oregon, installing solar panels on your home could be a smart financial decision. Our article will break down the cost of a solar system and estimate how long it will take for you to start saving money. By analyzing weather data and electricity costs, we will show you how investing in solar energy can help you break even and ultimately save you money in the long run.
Lowell Oregon Weather Trends
Lowell Precipitation
With Lowell receiving 61.01 inches of precipitation in the last year, it falls above the national average of 50.61 inches but below Oregon’s average of 54.5 inches. By harnessing the power of the sun through solar panels, you can take advantage of Lowell’s sunny climate despite the occasional rainfall.
Lowell’s UV Rating
While Lowell’s average UV rating of 3.76 is below the national average of 4.29, it is slightly higher than Oregon’s average of 3.7. With an average max UV rating of 4.28, Lowell still has plenty of sunlight to generate solar energy. Installing solar panels can help you capitalize on the sunshine in Lowell and reduce your reliance on traditional energy sources.
Lowell’s Cloud Cover
Despite an average of 50% cloud cover in the last year, Lowell’s sunny days make it an ideal location for solar panel installation. With various days falling under different cloud cover categories, there are plenty of opportunities to benefit from solar energy and decrease your carbon footprint.
Lowell Oregon Electricity Costs
With an electricity rate of $0.12/kw, Lowell residents are already paying below the national average of $0.13/kw. By investing in solar panels, you can further reduce your electricity costs and potentially even generate excess power to sell back to the grid. Taking advantage of Lowell’s electricity rates and solar potential can lead to significant savings in the long run.
When could you expect to break even on a solar installation in Lowell Oregon?
Considering the weather and electricity costs in Lowell, 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:
- Lowell, Oregon gets more precipitation than the national average, but it still receives enough sunlight for solar panels to be effective.
- The UV ratings are slightly lower than the national average, but they’re still suitable for generating solar power.
- Cloud cover is slightly higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lowell, Oregon 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 Lowell’s lower electricity rates, the savings are still significant.
After crunching the numbers, it looks like it would take around 6-7 years to cover the initial cost of the solar panels in Lowell, Oregon. This means that after 6-7 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Considering that solar panels have a lifespan of 25-30 years, the long-term savings and benefits are well worth the initial investment. It’s a wise financial decision that also contributes to a cleaner environment!
Investing in solar power in Lowell Oregon
Installing solar panels in Lowell, Oregon can be a smart financial decision that not only helps you save money in the long run but also reduces your carbon footprint. By analyzing the weather data and electricity costs in Lowell, we have determined that it would take around 6-7 years to break even on the initial investment of a solar system. Considering the lifespan of solar panels and the significant savings on electricity bills, investing in solar energy is a wise choice for residents of Lowell. Not only will you save money, but you will also be contributing to a cleaner and more sustainable environment for future generations.