Overview
If you’re a Moulton Iowa resident looking to save money on your electricity bills, installing solar panels on your home could be a wise investment. By analyzing key weather data and electricity costs specific to Moulton, we can demonstrate how solar power can significantly reduce your expenses over time. With a breakdown of the costs of a solar system and an estimate of how long it will take to break even, this article will show you the financial benefits of making the switch to solar energy.
Moulton Iowa Weather Trends
Moulton Precipitation
With Moulton receiving 38.38 inches of precipitation in the last year, it’s important to note that this puts the town in the 24th percentile in the nation and the 79th percentile in Iowa. Comparing this to the national average of 50.61 inches and Iowa’s average of 36.9 inches, it’s clear that Moulton experiences a moderate amount of rainfall. By harnessing solar energy, you can take advantage of the sunshine between rain showers to power your home.
Moulton’s UV Rating
In the last year, Moulton had an average UV rating of 4.23, placing it in the 55th percentile nationally and the 91st percentile in Iowa. When comparing this to the national average of 4.29 and Iowa’s average of 4.06, we can see that Moulton enjoys a decent amount of sunlight. With an average max UV rating of 4.6, Moulton is in a good position to benefit from solar power and lower your dependence on traditional energy sources.
Moulton’s Cloud Cover
With an average of 41% cloud cover in the last year, Moulton is in the 31st percentile nationally and the 20th percentile in Iowa. Comparing this to the national average of 44.46% and Iowa’s average of 42.8%, it’s clear that Moulton experiences relatively clear skies. With numerous days of low cloud cover, installing solar panels on your home will allow you to capitalize on those sunny days and generate environmentally friendly energy.
Moulton Iowa Electricity Costs
Residents of Moulton pay about $0.17/kw for electricity, positioning the town in the 95th percentile nationally and the 100th percentile in Iowa. In comparison, the national average for residential electricity is $0.13/kw, matching Iowa’s average as well. By switching to solar power, you can reduce your reliance on expensive traditional electricity sources and ultimately save money in the long run.
When could you expect to break even on a solar installation in Moulton Iowa?
Considering the weather and electricity costs in Moulton Iowa, 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:
- Moulton Iowa gets less rain than the national average, making it a good location for solar panels.
- The UV ratings in Moulton Iowa are very close to the national average, which is ideal for generating solar power.
- Cloud cover in Moulton Iowa is slightly lower than the national average, providing more sunlight for solar panels.
Now, let’s consider the electricity costs:
- Residents in Moulton Iowa pay slightly more 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:
- Since Moulton Iowa has higher electricity rates, the savings from solar power are significant.
After crunching the numbers, it looks like it would take around 8 years to cover the initial cost of the solar panels. This means, after 8 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Also, considering solar panels can last between 25 and 30 years, there will be many years of savings to enjoy after the initial payback period. Investing in solar power is both financially smart and environmentally friendly!
Investing in solar power in Moulton Iowa
Investing in solar panels in Moulton, Iowa can be a financially wise decision. By taking advantage of the town’s moderate rainfall, ample sunlight, and clear skies, you can significantly reduce your reliance on traditional electricity sources. With electricity costs in Moulton being slightly higher than the national average, switching to solar power can lead to substantial savings over time. By calculating the costs and payback period of a solar installation, we found that it would take about 8 years to break even on the investment. Considering solar panels can last up to 30 years, this means there will be many years of savings to enjoy. Ultimately, transitioning to solar energy in Moulton, Iowa is not only a smart financial choice but also an environmentally friendly one.