Overview
In Marshall Missouri, investing in solar panels for your home can lead to significant financial benefits. By analyzing key weather data and electricity costs specific to the area, we can estimate the cost of a solar system and calculate how long it will take to break even. With ample sunshine, low cloud cover, and reasonable precipitation levels, Marshall residents can harness the power of solar energy to save money on their electricity bills in the long run.
Marshall Missouri Weather Trends
Marshall Precipitation
In the last year, Marshall Missouri received 39.03 inches of precipitation, ranking it in the 26th percentile in the nation and the 11th percentile in Missouri. Comparatively, the national average for total precipitation is 50.61 inches, and Missouri’s average is 47.04 inches. With slightly drier conditions than other parts of the country, Marshall’s lower precipitation levels make it an ideal location for harnessing solar energy.
Marshall’s UV Rating
Last year, Marshall Missouri had an average UV rating of 4.57, placing it in the 66th percentile in the nation and the 51st percentile in Missouri. The national average for UV rating is 4.29, while Missouri’s average is 4.59. Additionally, Marshall’s average max UV rating of 4.97 positions it in the 56th percentile nationwide and the 48th percentile in Missouri. These higher UV ratings indicate that Marshall receives ample sunlight, making it a great spot for solar panel installation.
Marshall’s Cloud Cover
In the past year, Marshall Missouri experienced an average of 38% cloud cover, ranking it in the 19th percentile in the nation and the 21st percentile in Missouri. Nationally, the average cloud cover is 44.46%, with Missouri averaging 39.07%. With 153 days of low cloud cover (0-25%) and relatively low overall cloud cover, Marshall offers favorable conditions for solar panel efficiency and energy production.
Marshall Missouri Electricity Costs
Marshall Missouri residents pay about $0.12/kw for electricity, placing them in the 53rd percentile nationwide and the 77th percentile within Missouri. Nationally, the average residential electricity cost is $0.13/kw, while Missouri’s average is $0.11/kw. With electricity costs slightly higher than the state average but lower than the national average, investing in solar panels can help Marshall residents save money on their electricity bills in the long run.
When could you expect to break even on a solar installation in Marshall Missouri?
Considering the weather and electricity costs in Marshall, 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:
- Marshall, Missouri receives less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Marshall, Missouri are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in Marshall, Missouri is lower than the national average, with a mix of sunny and cloudy days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Marshall, Missouri pay slightly less for electricity compared to the national average, which can affect the payback period for solar panels.
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 lower electricity costs in Marshall, Missouri, the savings may accumulate more slowly than in other locations.
After analyzing the data, it appears that it would take around 8-10 years to cover the initial cost of the solar panels in Marshall, Missouri. This means that after 8-10 years, the money saved on electricity bills will start to offset the investment. Since solar panels last for a long time, the savings will continue for many years beyond the payback period. Investing in solar panels not only saves money in the long run but also contributes to environmental sustainability.
Investing in solar power in Marshall Missouri
Investing in solar panels in Marshall, Missouri can be a smart financial decision. With lower precipitation levels, higher UV ratings, and lower cloud cover than the national averages, Marshall offers ideal conditions for harnessing solar energy. Additionally, with electricity costs slightly higher than the state average but lower than the national average, residents can expect to break even on their solar panel investment in around 8-10 years. This means that after this initial payback period, the savings on electricity bills will continue for many years to come. Not only does investing in solar panels save money in the long run, but it also promotes environmental sustainability in the community.