Overview
Living in Midway, Arkansas, you might be wondering if installing solar panels on your home is worth it. By analyzing the weather data and electricity costs specific to our area, we can show you the financial benefits of going solar. With the average annual precipitation, UV ratings, and cloud cover in mind, we will break down the cost of a solar system and estimate how long it will take to break even. Making the switch to solar power could not only save you money in the long run but also reduce your carbon footprint.
Midway Arkansas Weather Trends
Midway Precipitation
With Midway, Arkansas receiving 53.38 inches of precipitation in the last year, you might be surprised to learn that this puts us above the national average of 50.61 inches. While we may fall slightly below Arkansas’s average of 54.5 inches, our rainfall is still substantial. By harnessing the power of solar panels, you can take advantage of this natural resource to generate electricity for your home, saving you money in the long run.
Midway’s UV Rating
Midway, Arkansas boasts an average UV rating of 4.85, which is above both the national average of 4.29 and Arkansas’s average of 5.13. Additionally, with an average max UV rating of 5.29, our town receives more sunlight than most locations in the country. By installing solar panels, you can capitalize on this abundant sunshine to produce clean energy, reducing your reliance on traditional electricity sources and lowering your utility bills.
Midway’s Cloud Cover
Midway, Arkansas experiences an average cloud cover of 38%, falling below both the national average of 44.46% and Arkansas’s average of 38.77%. With a substantial number of days featuring minimal cloud cover, our town provides an ideal environment for solar energy production. By installing solar panels on your home, you can maximize energy generation during clear days, ultimately leading to cost savings and a reduced impact on the environment.
Midway Arkansas Electricity Costs
Residents of Midway, Arkansas pay around $0.11/kw for electricity, which is below the national average of $0.13/kw. Although our electricity costs align with the state average, investing in solar panels can help mitigate the impact of potential rate increases in the future. By generating your own electricity through solar power, you can lock in savings and contribute to a greener, more sustainable future for your community.
When could you expect to break even on a solar installation in Midway Arkansas?
Considering the weather and electricity costs in Midway Arkansas, 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:
- Midway Arkansas receives slightly more precipitation than the national average, but it still has plenty of sunny days suitable for solar panels.
- The UV ratings in Midway Arkansas are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Midway Arkansas is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Midway Arkansas 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 amount needed from the grid.
- With lower electricity rates in Midway Arkansas, the savings might take longer to cover the initial cost.
After analyzing the data, it seems that it could take around 7-10 years to cover the initial cost of the solar panels, considering the lower electricity rates. This means that after that period, the savings on electricity bills will gradually pay off the investment. Moreover, since solar panels have a long lifespan, the savings will continue for many years, offering a cost-effective and environmentally friendly energy solution for homeowners in Midway Arkansas.
Investing in solar power in Midway Arkansas
The costs and weather conditions in Midway, Arkansas make it a promising location for installing solar panels to generate clean electricity. With slightly above-average precipitation rates and considerable sunshine, along with lower electricity rates compared to the national average, the initial investment in a standard 10kW solar system can be recovered in approximately 7-10 years. Furthermore, the system’s lifespan of 25-30 years ensures long-term savings on electricity bills, making solar energy an economically attractive and environmentally beneficial choice for homeowners in Midway.