Overview
Are you looking to save money on your electricity bills in Moodys, Oklahoma? Installing solar panels on your home could be a cost-effective solution worth considering. By analyzing weather data and electricity costs specific to Moodys, we will break down the financial benefits of investing in a solar system. With the potential for significant savings on your monthly utility bills, let us show you how long it may take to break even on your investment and start enjoying the benefits of clean, renewable energy for your home.
Moodys Oklahoma Weather Trends
Moodys Precipitation
With an annual precipitation rate of 51.17 inches, Moodys sits around the middle when compared to the rest of the country at the 50th percentile. In Oklahoma, it is still above average at the 68th percentile. The national average for total precipitation is 50.61 inches, while Oklahoma’s average is slightly lower at 46.74 inches. Despite Moodys’ decent precipitation levels, installing solar panels can still be a cost-effective option, especially with potential savings on your electricity bills.
Moodys’s UV Rating
Moodys enjoys a good amount of sunlight with an average UV rating of 5, placing it in the 78th percentile nationwide. However, within Oklahoma, it ranks lower at the 11th percentile. The national average for average UV rating is 4.29, while Oklahoma’s average is slightly higher at 5.2. With an average max UV rating of 5.43, Moodys receives a fair amount of sun which can be efficiently utilized with solar panels. Taking advantage of this abundant sunlight could lead to significant financial benefits in the long run.
Moodys’s Cloud Cover
Despite its sunny days, Moodys still experiences an average of 36% cloud cover, placing it in the 15th percentile nationally. Surprisingly, within Oklahoma, Moodys ranks at the 82nd percentile for cloud cover. The national average for cloud cover is 44.46%, whereas Oklahoma’s average is lower at 33.43%. With a good number of clear days, Moodys residents can harness solar energy effectively, ensuring consistent savings on electricity bills throughout the year.
Moodys Oklahoma Electricity Costs
Moodys residents pay a reasonable $0.11/kw for electricity, placing them in the 21st percentile nationally and the 44th percentile within Oklahoma. The national average for residential electricity is slightly higher at $0.13/kw, while Oklahoma’s average matches Moodys’ at $0.11/kw. With electricity costs on par with the state average and below the national average, investing in solar panels in Moodys can provide substantial savings over time, making it a financially wise decision for homeowners.
When could you expect to break even on a solar installation in Moodys Oklahoma?
Considering the weather and electricity costs in Moodys, 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:
- Moodys, Oklahoma receives slightly more precipitation than the national average, but still has good conditions for solar panel efficiency.
- The UV ratings in Moodys, Oklahoma are slightly above the national average, making it a good location for generating solar power.
- Cloud cover in Moodys, Oklahoma is lower than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Moodys, Oklahoma pay slightly 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 solar system generates electricity, reducing the need to purchase as much from the grid.
- With the slightly lower electricity rates in Moodys, Oklahoma, the savings may be slightly less compared to the national average.
After analyzing the data, it seems like it would take around 5-6 years to cover the initial cost of the solar panels in Moodys, Oklahoma. This means that after 5-6 years, the money saved on electricity bills will start to accumulate and pay off the investment. Moreover, since solar panels have a long lifespan, you will continue to benefit from these savings for many years. Not only is it a financially wise decision, but it also contributes to a greener environment.
Investing in solar power in Moodys Oklahoma
Overall, investing in solar panels in Moodys, Oklahoma proves to be a financially wise decision for homeowners. With the combination of good weather conditions, including abundant sunlight and lower-than-average electricity costs, residents can expect to break even on their investment in approximately 5-6 years. After this initial period, the savings on electricity bills will continue to accumulate, providing long-term benefits while also contributing to a greener environment. By harnessing solar energy effectively, homeowners in Moodys can enjoy significant financial savings and the advantages of clean, renewable energy for years to come.