Overview
In this article, we will show how installing solar panels on your home in New Madrid Missouri can lead to significant financial benefits. By analyzing weather data such as precipitation, UV ratings, and cloud cover, we will demonstrate how much energy can be generated by solar panels throughout the year. We will also break down the costs of installing a solar system and estimate how long it will take to break even, ultimately showcasing the long-term savings and return on investment that come with going solar in New Madrid.
New Madrid Missouri Weather Trends
New Madrid Precipitation
With New Madrid Missouri receiving 47.63 inches of precipitation in the last year, it falls slightly below the national average of 50.61 inches. However, compared to the rest of Missouri, New Madrid is actually above average in terms of total precipitation. This means that despite not being the wettest area in the country, there is still plenty of rainfall to support the generation of solar energy throughout the year.
New Madrid’s UV Rating
When looking at the UV ratings, New Madrid Missouri stands out with an average UV rating of 4.82 in the last year. This places New Madrid in the 73rd percentile in the nation and the 91st percentile in Missouri, highlighting the area’s potential for harnessing solar energy. With favorable UV ratings compared to state and national averages, installing solar panels in New Madrid can lead to substantial energy production to power your home.
New Madrid’s Cloud Cover
In New Madrid Missouri, the average cloud cover in the last year was 38%, placing it below the national average of 44.46%. With a lower percentage of cloud cover compared to the rest of the country, New Madrid offers clear skies that are conducive to efficient solar panel operation. By experiencing fewer cloudy days, residents can benefit from increased sunlight exposure for greater energy production.
New Madrid Missouri Electricity Costs
Residents of New Madrid Missouri enjoy relatively low electricity costs, paying around $0.11/kw. This places New Madrid in the 21st percentile in the nation and the 20th percentile in Missouri, making it an economically advantageous location for solar panel installation. With electricity prices lower than the national average of $0.13/kw, transitioning to solar energy can lead to significant long-term savings on your utility bills.
When could you expect to break even on a solar installation in New Madrid Missouri?
Considering the weather and electricity costs in New Madrid 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:
- New Madrid Missouri gets slightly less rainfall than the national average, making it a good location for solar panel installations.
- The UV ratings in New Madrid Missouri are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in New Madrid Missouri is lower than the national average, with more sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents in New Madrid Missouri pay less for electricity compared to the national average, making the savings from solar panels slightly lower.
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 saving money on electricity bills.
- With New Madrid Missouri’s lower electricity rates, the savings are slightly lower compared to locations with higher rates.
After analyzing the data, it would take around 7 years to cover the initial cost of the solar panels in New Madrid Missouri. This means that after 7 years, the savings on electricity bills will start to offset the investment. Considering the longevity of solar panels, these savings will continue for many years to come, providing both financial benefits and environmental advantages. It’s a wise choice to invest in solar energy in New Madrid Missouri!
Investing in solar power in New Madrid Missouri
Installing solar panels in New Madrid Missouri can be a smart financial decision. With favorable weather conditions, including above-average UV ratings and lower cloud cover, solar panels can efficiently generate energy throughout the year. Residents also benefit from relatively low electricity costs, further increasing the savings from solar power. By analyzing the costs and savings, it is estimated that homeowners can break even on their investment in approximately 7 years. This means that transitioning to solar energy not only provides long-term financial savings but also contributes to a more sustainable future. Investing in solar power in New Madrid Missouri is a beneficial choice that can lead to both economic and environmental advantages.