Overview
Living in Malcom, Iowa can be expensive, especially when it comes to electricity bills. However, with the abundant sunshine that this area receives throughout the year, installing solar panels on your home could be a cost-effective solution to reduce your monthly expenses. By analyzing weather data and calculating electricity costs, we can show you how investing in a solar system can lead to significant savings in the long run. Let’s break down the costs and estimate the time it will take for you to start seeing a return on your investment.
Malcom Iowa Weather Trends
Malcom Precipitation
In the last year, Malcom Iowa received 34.88 inches of precipitation, ranking it in the 18th percentile in the nation and the 34th percentile in Iowa. Compared to the national average of 50.61 inches and Iowa’s average of 36.9 inches, Malcom receives less rainfall, making it an ideal location for solar panel installation.
Malcom’s UV Rating
In the last year, Malcom Iowa had an average UV rating of 4.07, placing it in the 49th percentile in the nation and the 61st percentile in Iowa. With an average max UV rating of 4.38, Malcom is in the 42nd percentile nationwide and the 56th percentile in Iowa. These UV ratings indicate ample sunlight, perfect for harnessing solar energy to power your home.
Malcom’s Cloud Cover
Malcom Iowa had an average of 43% cloud cover in the last year, ranking it in the 42nd percentile in the nation and the 51st percentile in Iowa. With a mix of cloud cover percentages throughout the year, Malcom offers consistent sunshine for solar panels to generate electricity efficiently, ensuring a steady source of renewable energy for your home.
Malcom Iowa Electricity Costs
Malcom residents pay about $0.13/kw for electricity, positioning it in the 81st percentile nationally and the 63rd percentile in Iowa. While this is in line with the national and state averages, investing in solar panels can help reduce your monthly electricity bills significantly over time, providing long-term savings and a greener future for Malcom and beyond.
When could you expect to break even on a solar installation in Malcom Iowa?
Considering the weather and electricity costs in Malcom, Iowa, 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:
- Malcom gets less precipitation than the national average, making it a good location for solar panel installation.
- The UV ratings are slightly below the national average, but still effective for generating solar power.
- Cloud cover is slightly below the national average, with days of varying cloud cover throughout the year.
Now, let’s consider the electricity costs:
- Residents in Malcom pay the national average for electricity, which is $0.13/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 amount needed from the grid.
- With the average electricity cost, the savings would be significant over time.
After analyzing the data, it looks like it would take approximately 8 years to cover the initial cost of the solar panels. This means that after 8 years, the money saved on electricity bills will start to accumulate and compensate for the investment. And remember, solar panels have a long lifespan, so you’ll continue to benefit from these savings for many years ahead. Investing in solar power is a wise decision to save money and contribute to a cleaner environment in Malcom, Iowa!
Investing in solar power in Malcom Iowa
Installing solar panels in Malcom, Iowa can be a smart financial decision in the long run. With ample sunlight throughout the year and electricity costs in line with national averages, investing in solar energy could lead to significant savings. By analyzing weather data and considering electricity prices, we found that it would take approximately 8 years to break even on the initial investment for a standard solar system. This means that after 8 years, the money saved on electricity bills will start to accumulate and compensate for the cost of the solar panels. Overall, choosing solar power not only saves money but also contributes to a cleaner environment in Malcom, Iowa and beyond.