Overview
Are you a Milburn Oklahoma resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been looking for. In this article, we will break down the financial benefits of switching to solar energy, using data specific to Milburn, Oklahoma. By analyzing weather patterns and electricity costs, we will show you how investing in solar panels can help you save money in the long run.
Milburn Oklahoma Weather Trends
Milburn Precipitation
With Milburn Oklahoma receiving 48.58 inches of precipitation in the last year, it falls in the 45th percentile in the nation and the 59th percentile in Oklahoma. Comparatively, the national average is 50.61 inches while Oklahoma’s average is 46.74 inches. This means that Milburn’s precipitation levels are in line with national and state averages, making it a suitable location for harnessing solar energy.
Milburn’s UV Rating
In the past year, Milburn Oklahoma boasted an average UV rating of 5.39, placing it in the 87th percentile nationwide and the 88th percentile within Oklahoma. This is higher than the national average of 4.29 but slightly lower than Oklahoma’s average of 5.2. Additionally, with an average max UV rating of 5.85, Milburn is in the 74th percentile nationwide and 79th percentile in the state. These high UV ratings indicate ample sunlight, making solar panel installation a wise financial choice for residents.
Milburn’s Cloud Cover
Throughout the year, Milburn Oklahoma experienced an average cloud cover of 34%, ranking it in the 11th percentile in the nation and the 54th percentile in Oklahoma. In comparison, the national average cloud cover is 44.46%, and Oklahoma’s average is 33.43%. This lower cloud cover percentage in Milburn suggests more clear days for solar panels to generate electricity efficiently, enhancing the financial benefits of installing solar energy systems.
Milburn Oklahoma Electricity Costs
Residents in Milburn Oklahoma pay approximately $0.1/kw for electricity, placing them in the 18th percentile nationwide and the 34th percentile in Oklahoma. In contrast, the national average for residential electricity is $0.13/kw, and Oklahoma’s average is $0.11/kw. With relatively lower electricity costs in Milburn, transitioning to solar power can lead to significant long-term savings and reduce the environmental impact of traditional energy sources.
When could you expect to break even on a solar installation in Milburn Oklahoma?
Considering the weather and electricity costs in Milburn 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:
- Milburn Oklahoma receives slightly less precipitation than the national average, ensuring enough sunlight for solar panels to be effective.
- The UV ratings in Milburn Oklahoma are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Milburn Oklahoma is lower than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Milburn Oklahoma pay 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 need to purchase as much from the grid.
- With Milburn Oklahoma’s lower electricity rates, the savings are still significant.
After analyzing the data, it appears that it would take around 4-6 years to cover the initial cost of the solar panels. This means that after that initial period, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years to come. Investing in solar power is not only a smart financial decision but also an environmentally friendly one.
Investing in solar power in Milburn Oklahoma
Based on the weather trends and electricity costs in Milburn, Oklahoma, it is clear that investing in solar panels can lead to significant long-term savings for residents. With ample sunlight, lower cloud cover, and relatively lower electricity costs, the financial benefits of transitioning to solar energy are evident. By analyzing the data presented, it is estimated that residents could break even on their solar panel investment in approximately 4-6 years, after which they will continue to save money on electricity bills for many years to come. Ultimately, making the switch to solar power is not just a wise financial decision but also a step towards reducing the environmental impact of traditional energy sources.