Overview
In Myrtle, Missouri, the financial benefits of installing solar panels on your home are clear. With 365 days of weather data showing ample sunshine, low precipitation, and minimal cloud cover, a solar system can help you save significantly on your electricity bills. By breaking down the cost of a solar system and estimating the time it will take to break even, this article will show you how investing in solar energy is not only good for the environment but also for your wallet.
Myrtle Missouri Weather Trends
Myrtle Precipitation
With Myrtle, Missouri receiving 50.3 inches of precipitation in the last year, you can rest assured that your solar panels will have plenty of sunny days to generate clean energy. Compared to the national average of 50.61 inches, Myrtle is right on par, showing that you will not be missing out on any potential solar energy production. Additionally, when compared to Missouri’s average of 47.04 inches, Myrtle’s higher precipitation levels make it an ideal location for harnessing the power of the sun.
Myrtle’s UV Rating
Myrtle, Missouri boasts an impressive average UV rating of 4.83, making it a prime location for solar panel installation. Ranking in the 74th percentile nationwide and the 92nd percentile in Missouri, Myrtle’s abundant sunshine will allow your solar panels to work efficiently year-round. The higher than average UV ratings in Myrtle compared to the national average of 4.29 and Missouri’s average of 4.59 indicate that your solar investment will be highly productive.
Myrtle’s Cloud Cover
With an average of 38% cloud cover in Myrtle, Missouri, you can expect consistent sunlight for your solar panels to generate electricity efficiently. Myrtle’s low cloud cover, ranking in the 21st percentile nationally and the 40th percentile in Missouri, ensures that your solar system will be able to capture maximum sunlight throughout the year. The fewer cloudy days in Myrtle compared to the national average of 44.46% and Missouri’s average of 39.07% make it an ideal location for solar energy production.
Myrtle Missouri Electricity Costs
Residents in Myrtle, Missouri pay a competitive rate of about $0.12/kw for electricity, making solar energy an even more appealing option for your home. Compared to the national average of $0.13/kw, Myrtle’s electricity costs are already lower, meaning that investing in solar panels can provide significant savings on your utility bills. Additionally, with Missouri’s average residential electricity cost of $0.11/kw, the decision to install solar panels in Myrtle will not only benefit the environment but also your wallet in the long run.
When could you expect to break even on a solar installation in Myrtle Missouri?
Considering the weather and electricity costs in Myrtle 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:
- Myrtle Missouri receives almost the same amount of precipitation as the national average, making it suitable for solar panels.
- The UV ratings in Myrtle Missouri are higher than the national average, which is great for generating solar power.
- Cloud cover in Myrtle Missouri is slightly lower than the national average, providing good conditions for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Myrtle Missouri pay a bit less for electricity compared to the national average, which could affect the savings from using solar power.
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 from the grid.
- Given Myrtle Missouri’s electricity rates, the savings may not be as high as in other areas.
After analyzing the data, it seems that it could take approximately 7-8 years to cover the initial cost of the solar panels in Myrtle Missouri. After this period, the savings on electricity bills will accumulate, making the investment worthwhile. Additionally, since solar panels have a long lifespan, the benefits will continue for many years beyond the break-even point. It’s a smart financial choice that also contributes to sustainability!
Investing in solar power in Myrtle Missouri
Investing in solar energy in Myrtle, Missouri is not only a great way to help the environment but also a smart financial decision. With ample sunshine, low precipitation, and minimal cloud cover, the conditions in Myrtle are ideal for solar panel installation. Considering the competitive electricity costs in the area, it is estimated that homeowners could break even on their investment in solar panels within 7-8 years. Beyond this point, the savings on electricity bills will continue to accumulate, making solar energy a worthwhile and sustainable choice for your home.