Overview
Living in Mangum Oklahoma, you have likely experienced the rising costs of electricity. If you have been considering ways to save money on your energy bills, installing solar panels on your home could be a smart decision. By analyzing a year’s worth of weather data specific to Mangum, including inches of precipitation, average max UV rating, average UV rating, and average percentage cloud cover, we can estimate the potential savings of a solar system for your home. In this article, we will break down the costs of a solar system and provide an estimate of how long it will take for you to break even on your investment.
Mangum Oklahoma Weather Trends
Mangum Precipitation
With Mangum Oklahoma receiving 66.59 inches of precipitation last year, it is clear that the area is no stranger to rain. Compared to the national average of 50.61 inches and Oklahoma’s average of 46.74 inches, Mangum sees above-average rainfall. By harnessing the power of the sun with solar panels, you can take advantage of this abundance of natural resources to save on your electricity bills.
Mangum’s UV Rating
With an average UV rating of 5.48 and an average max UV rating of 5.97, Mangum Oklahoma enjoys ample sunlight throughout the year. In comparison to the national and state averages, Mangum ranks well above both. By installing solar panels on your home, you can make the most of this abundant sunshine to generate clean, renewable energy and reduce your reliance on traditional power sources.
Mangum’s Cloud Cover
With an average of 41% cloud cover, Mangum Oklahoma experiences fewer cloudy days compared to the national average of 44.46% and Oklahoma’s average of 33.43%. This means that there are plenty of sunny days for solar panels to efficiently generate electricity for your home. By investing in solar energy, you can capitalize on Mangum’s clear skies to lower your energy costs and reduce your carbon footprint.
Mangum Oklahoma Electricity Costs
Residents of Mangum Oklahoma pay approximately $0.09/kw for electricity, significantly lower than the national average of $0.13/kw and Oklahoma’s average of $0.11/kw. By switching to solar power, you can protect yourself from future increases in utility rates and potentially even earn credits for excess energy produced. Investing in solar panels is not only a smart financial decision but also a sustainable choice for the environment.
When could you expect to break even on a solar installation in Mangum Oklahoma?
Considering the weather and electricity costs in Mangum, Oklahoma, 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:
- Mangum gets more rain than the national average, but it still has plenty of sunlight for solar panels to be effective.
- The UV ratings in Mangum are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Mangum is slightly lower than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Mangum pay less for electricity compared to the national average, which can impact the savings from solar power.
With this information in mind, 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 determine how long it would take to break even on this investment, we need to calculate the annual savings from using solar power:
- By generating electricity, the need to purchase energy from the grid decreases.
- Given Mangum’s lower electricity rates, the savings may take longer to cover the initial cost.
Based on the calculations, it appears that it could take around 7-9 years to offset the initial expense of the solar panels. After this period, the money saved on electricity bills will begin to accumulate, making the investment worthwhile. Remember, solar panels have a long lifespan, so those savings will continue for many years beyond the payback period. Investing in solar energy is both a cost-effective and environmentally friendly choice for residents in Mangum, Oklahoma.
Investing in solar power in Mangum Oklahoma
Living in Mangum, Oklahoma presents an opportunity to save on electricity costs by harnessing the power of solar panels. With above-average rainfall and plenty of sunlight, installing solar panels can help you generate clean, renewable energy and reduce your reliance on traditional power sources. By capitalizing on Mangum’s abundant natural resources and lower electricity rates, you can expect to break even on your solar investment in approximately 7-9 years. This long-term cost savings, combined with the environmental benefits, makes investing in solar energy a wise decision for residents in Mangum, Oklahoma.