Overview
Are you tired of constantly rising electricity bills and looking for a way to save money in the long run? In this article, we will explore how installing solar panels on your home in Morrisville, Missouri can help you break free from high utility costs and start saving money. By analyzing weather data and electricity cost in Morrisville, we will demonstrate the financial benefits of investing in a solar system, including breaking down the cost of installation and estimating the payback period. Let’s dive into how going solar can make a positive impact on your wallet.
Morrisville Missouri Weather Trends
Morrisville Precipitation
With Morrisville receiving 43.14 inches of precipitation in the last year, residents may worry about how this impacts solar panel efficiency. However, Morrisville falls below the national average of 50.61 inches and the Missouri average of 47.04 inches. This means that while there may be rainy days, overall there is ample sunlight for solar panels to generate energy efficiently.
Morrisville’s UV Rating
Having an average UV rating of 4.69, Morrisville is in a favorable position compared to both the national and Missouri averages. This high UV rating places Morrisville in the 70th percentile nationally and the 76th percentile in Missouri, showcasing the abundant sunlight available for efficient solar energy production. With an average max UV rating at 5.1, Morrisville is in an even better position to harness solar energy effectively throughout the year.
Morrisville’s Cloud Cover
With an average of 37% cloud cover, Morrisville enjoys fewer cloudy days compared to the national average of 44.46% and the Missouri average of 39.07%. This means that solar panels in Morrisville have more opportunities to capture sunlight and generate energy efficiently. Additionally, the distribution of cloud cover throughout the year provides a balance for consistent solar energy production.
Morrisville Missouri Electricity Costs
Despite receiving relatively low cloud cover and favorable UV ratings, residents of Morrisville still pay about $0.12/kw for electricity. While this places Morrisville in the 57th percentile nationally and the 86th percentile in Missouri, investing in solar panels can significantly reduce electricity costs in the long run. With the national average for residential electricity at $0.13/kw and the Missouri average at $0.11/kw, going solar in Morrisville can lead to substantial savings over time.
When could you expect to break even on a solar installation in Morrisville Missouri?
Considering the weather and electricity costs in Morrisville, 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:
- Morrisville gets slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Morrisville are higher than the national average, indicating good potential for generating solar power.
- Cloud cover in Morrisville is lower than the national average, with a good number of days having low cloud cover.
Now, let’s consider the electricity costs:
- Residents in Morrisville pay slightly less for electricity compared to the national average, at $0.12/kw.
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 resulting in savings on electricity bills.
- With Morrisville’s lower electricity rates, the savings will still be significant over time.
After analyzing the data, it appears that it would take approximately 5-6 years to cover the initial cost of the solar panels. This means that after this period, the money saved on electricity bills will start to exceed the initial investment cost. Additionally, since solar panels have a lifespan of 25-30 years, you will continue to benefit from these savings for many years after breaking even. Investing in solar panels not only helps you save money but also contributes to a greener environment. It’s a smart decision for your finances and the planet!
Investing in solar power in Morrisville Missouri
By analyzing the weather trends and electricity costs in Morrisville, Missouri, it is clear that investing in solar panels can lead to substantial savings in the long run. With favorable UV ratings, lower cloud cover, and slightly lower electricity costs compared to national averages, going solar in Morrisville can help you break even on your investment in approximately 5-6 years. This means that after this period, the money saved on electricity bills will exceed the initial installation cost, providing you with ongoing financial benefits. Investing in solar panels not only helps you save money but also contributes to a greener environment. It’s a smart decision for your finances and the planet!