Overview
Are you a Malden Missouri resident looking to save money on your electricity bill? Installing solar panels on your home could be the answer! By analyzing weather data specific to Malden, such as inches of precipitation, average UV ratings, and cloud cover percentages, along with basic electricity costs, we can show you how investing in a solar system can lead to significant financial benefits over time. We will break down the cost of a solar system and estimate the time it will take for you to break even based on the data collected.
Malden Missouri Weather Trends
Malden Precipitation
With annual precipitation of 49.46 inches, Malden Missouri is slightly below the national average of 50.61 inches but outperforms the state of Missouri whose average is 47.04 inches. By harnessing the power of solar energy, Malden residents can take advantage of this moderate rainfall to generate electricity and reduce dependency on traditional power sources.
Malden’s UV Rating
Malden Missouri’s average UV rating of 4.82 is higher than both the national average of 4.29 and Missouri’s average of 4.59. This means that Malden receives a significant amount of sunlight, making it an ideal location for solar panel installation. By investing in solar energy, residents can capitalize on the abundant sunshine to save money on their electricity bills and reduce their carbon footprint.
Malden’s Cloud Cover
With an average of 39% cloud cover, Malden Missouri ranks high in sunshine availability compared to the rest of the nation and the state of Missouri. The lower cloud cover percentage indicates ample sunlight for solar panels to efficiently convert to electricity. By going solar, Malden residents can maximize their energy production and enjoy long-term financial savings.
Malden Missouri Electricity Costs
At $0.11/kw, Malden Missouri residents pay less for electricity compared to both the national average of $0.13/kw and Missouri’s average of $0.11/kw. By installing solar panels, homeowners can further reduce their electricity costs, locking in lower rates and potentially earning credits for excess energy produced. Investing in solar power is not only financially beneficial but also environmentally friendly, contributing to a cleaner, sustainable future for Malden and beyond.
When could you expect to break even on a solar installation in Malden Missouri?
Considering the weather and electricity costs in Malden Missouri, 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:
- Malden Missouri gets slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Malden Missouri are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in Malden Missouri is lower than the national average, with a good number of days having low cloud cover.
Now, let’s consider the electricity costs:
- Residents in Malden Missouri pay slightly less for electricity compared to the national average.
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 and saving money on electricity bills.
- With Malden Missouri’s reasonable electricity rates, the savings are significant.
After crunching the numbers, it looks like it would take around 6 years to cover the initial cost of the solar panels. That means, after 6 years, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels last for a long time, you’ll continue to enjoy those savings for many years after that initial period. Investing in solar power is not only financially beneficial but also environmentally friendly in the long run.
Investing in solar power in Malden Missouri
After analyzing the weather trends in Malden Missouri, such as precipitation, UV ratings, and cloud cover, along with the local electricity costs, it is clear that investing in solar panels can bring significant financial benefits over time. With Malden receiving a good amount of sunlight and having lower electricity costs compared to the national average, homeowners can expect to break even on their solar installation within approximately 6 years. Not only will this initial investment pay off, but it will also lead to long-term savings on electricity bills and contribute to a cleaner, more sustainable future. By taking advantage of solar energy, residents in Malden can both save money and help the environment.