Overview
In Malvern, Iowa, installing solar panels on your home can lead to significant financial savings over time. By analyzing weather data and electricity costs specific to Malvern, we will show you how much money you can save by switching to solar energy. With the cost of solar systems broken down and the estimated time it takes to break even calculated, you’ll see just how beneficial making the switch to solar power can be for your wallet.
Malvern Iowa Weather Trends
Malvern Precipitation
With Malvern receiving 31.62 inches of precipitation in the last year, it falls below the national average of 50.61 inches and the Iowa average of 36.9 inches. While Malvern is in the lower percentiles compared to the rest of the nation and Iowa in terms of precipitation, this presents an opportunity for residents to benefit from solar energy without being heavily impacted by rainy weather.
Malvern’s UV Rating
Having an average UV rating of 4.36 places Malvern above the national average of 4.29 and significantly higher than Iowa’s average of 4.06. Additionally, Malvern’s average max UV rating of 4.75 is also above the national and state averages. This means that Malvern residents have ample sunlight exposure, making solar panels an efficient and viable option for generating electricity.
Malvern’s Cloud Cover
Malvern’s average of 38% cloud cover in the last year is lower than the national average of 44.46% and the Iowa average of 42.8%. With a significant number of days having minimal cloud cover, residents in Malvern have more sunlight available for solar energy production compared to other areas. This makes investing in solar panels a reliable source of renewable energy.
Malvern Iowa Electricity Costs
At $0.1/kw for electricity, Malvern residents pay less than the national average of $0.13/kw and the Iowa average of $0.13/kw. By switching to solar power, residents can further reduce their electricity costs while taking advantage of the favorable weather conditions in Malvern. This financial saving combined with the environmental benefits of using clean energy make installing solar panels a smart choice for Malvern homeowners.
When could you expect to break even on a solar installation in Malvern Iowa?
Considering the weather and electricity costs in Malvern 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:
- Malvern Iowa receives less precipitation compared to the national average, making it a suitable location for solar panels.
- The UV ratings in Malvern Iowa are above the national average, indicating good conditions for generating solar power.
- Cloud cover in Malvern Iowa is lower than the national average, with a good number of sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents of Malvern Iowa pay less for electricity compared to the national average, which can impact the savings from using solar power.
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 from the grid.
- With the lower electricity rates in Malvern Iowa, the savings may not as significant as in other locations.
After analyzing the data, it looks like it would take around 7 years to cover the initial cost of the solar panels in Malvern Iowa. This means after 7 years, the money saved on electricity bills will start to offset the investment. Since solar panels have a long lifespan, the savings will continue for many years beyond that initial period. Investing in solar energy is a smart way to save money and support sustainable practices in your community.
Investing in solar power in Malvern Iowa
After analyzing the weather trends and electricity costs specific to Malvern, Iowa, it is clear that installing solar panels can result in significant financial savings over time for residents. With lower precipitation levels, higher UV ratings, and minimal cloud cover, Malvern provides ideal conditions for generating solar power. Additionally, the lower electricity costs compared to the national and state averages further encourage the switch to clean energy. Based on the data, it is estimated that homeowners in Malvern can expect to break even on their solar panel investment in approximately 7 years. This initial cost will be offset by the savings on electricity bills for many years to come, making the decision to go solar a beneficial and environmentally-friendly choice for the community.