Overview
If you are a Monroe, Oklahoma resident looking to save money on your electricity bills, installing solar panels on your home could be a great investment. In this article, we will show you how the weather in Monroe, like the average of 42 inches of precipitation, average max UV rating of 7, average UV rating of 5, and average of 60% cloud cover, makes it an ideal location for solar energy production. By breaking down the cost of a solar system and estimating the time it takes to break even, we will illustrate the financial benefits of going solar in Monroe, Oklahoma.
Monroe Oklahoma Weather Trends
Monroe Precipitation
With an average of 59.85 inches of precipitation in the last year, Monroe, Oklahoma is in a prime location for solar energy production. Compared to the national average of 50.61 inches of total precipitation, Monroe exceeds the average, placing it in the 70th percentile nationwide. In Oklahoma, Monroe stands in the 95th percentile for total precipitation, showcasing the ample opportunity for solar panel efficiency in this region. By harnessing the abundant rainfall, Monroe residents can generate significant energy savings over time.
Monroe’s UV Rating
Monroe, Oklahoma’s average UV rating of 5.16 in the last year positions it favorably for solar panel installations. Surpassing the national average of 4.29, Monroe finds itself in the 82nd percentile across the country. Although slightly below Oklahoma’s average UV rating of 5.2, Monroe’s status in the 49th percentile in the state still showcases its potential for solar energy production. Additionally, with an average max UV rating of 5.64, Monroe residents can capitalize on the sun’s energy to power their homes efficiently and sustainably.
Monroe’s Cloud Cover
Despite experiencing an average of 37% cloud cover in the last year, Monroe, Oklahoma remains an ideal location for solar panel installation. Comparatively, the national average for cloud cover is 44.46%, indicating that Monroe receives less cloud cover, optimal for solar energy production. With a distribution of cloud cover days varying from minimal to moderate, Monroe residents have the opportunity to generate consistent solar power throughout the year, leading to increased energy savings and reduced environmental impact.
Monroe Oklahoma Electricity Costs
At around $0.11/kw for electricity, Monroe, Oklahoma boasts lower electricity costs compared to the national average of $0.13/kw. In the state of Oklahoma, Monroe aligns with the average residential electricity rate of $0.11/kw. By investing in solar panels, Monroe residents can further reduce their reliance on traditional grid electricity, saving money in the long run and contributing towards a more sustainable energy future.
When could you expect to break even on a solar installation in Monroe Oklahoma?
Considering the weather and electricity costs in Monroe 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:
- Monroe Oklahoma receives more precipitation than the national average, but still has enough sunlight for solar panels to function effectively.
- The UV ratings in Monroe Oklahoma are higher than the national average, making it a good location for solar power generation.
- Cloud cover in Monroe Oklahoma is lower than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Monroe Oklahoma pay slightly less for electricity compared to the national average, at $0.11/kwh.
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 to be purchased from the grid.
- With Monroe Oklahoma’s lower electricity rates, the savings are substantial.
After analyzing the data, it appears that it would take around 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will start to accumulate and offset the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years beyond the initial payback period. Investing in solar power is not only cost-effective but also environmentally friendly.
Investing in solar power in Monroe Oklahoma
Installing solar panels in Monroe, Oklahoma is a wise investment for residents looking to save money on electricity bills in the long run. With favorable weather conditions such as higher precipitation, UV ratings, and lower cloud cover compared to national averages, coupled with lower electricity costs in the region, the financial benefits of going solar are clear. By analyzing the data, it is evident that residents can expect to break even on their initial solar panel investment within approximately 6 years. Beyond that, the savings on electricity bills will continue to accumulate, making solar energy not only cost-effective but also environmentally friendly. So, if you’re considering solar energy in Monroe, now is a great time to make the switch!