Overview
In Norman, Arkansas, installing solar panels on your home can help you save money on your electricity bill in the long run. By analyzing weather data and the cost of electricity in the area, we can estimate how much you could potentially save by switching to solar energy. In this article, we will break down the costs of a solar system, calculate the time it will take to break even, and show you the financial benefits of making the switch to solar power for your home in Norman.
Norman Arkansas Weather Trends
Norman Precipitation
With Norman, Arkansas receiving 66 inches of precipitation in the last year, it is evident that the area receives a considerable amount of rainfall. Compared to the rest of the country, Norman falls in the 82nd percentile, showcasing its above-average rainfall. In comparison, the national average for total precipitation is 50.61 inches. While Norman ranks high in total precipitation compared to Arkansas’s average of 54.5 inches, this abundance of rain can potentially benefit solar panel efficiency by keeping them clean and operating optimally.
Norman’s UV Rating
In the last year, Norman, Arkansas had an average UV rating of 5.03, placing it in the 79th percentile in the nation. This high UV rating indicates that Norman receives ample sunlight, which is crucial for generating solar energy. Although Norman’s UV rating falls slightly below Arkansas’s average of 5.13, it still exceeds the national average of 4.29. With an average max UV rating of 5.44, Norman residents can take advantage of the abundant sunlight to produce more solar energy for their homes.
Norman’s Cloud Cover
Norman, Arkansas experienced an average cloud cover of 40% in the last year, positioning it in the 29th percentile in the nation. While Norman ranks higher in cloud cover compared to Arkansas’s average of 38.77%, it receives less cloud coverage than the national average of 44.46%. With specific days having varying cloud covers, residents in Norman can benefit from moments of clear skies, maximizing solar energy production during those periods of optimal sunlight.
Norman Arkansas Electricity Costs
Norman residents pay about $0.11/kw for electricity, which is below the national average of $0.13/kw. Despite falling slightly below Arkansas’s average of $0.11/kw, Norman’s electricity costs remain competitive. With the potential to save money on electricity bills by utilizing solar energy, residents in Norman can take advantage of the favorable electricity rates to make the switch to a more sustainable and cost-effective energy source.
When could you expect to break even on a solar installation in Norman Arkansas?
Considering the weather and electricity costs in Norman, Arkansas, 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:
- Norman, Arkansas receives more precipitation than the national average, but still has enough sunshine for solar panels to work effectively.
- The UV ratings in Norman, Arkansas are higher than the national average, which is great for generating solar power.
- Cloud cover in Norman, Arkansas is slightly lower than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Norman, Arkansas 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 system generates electricity, reducing the amount needed from the grid.
- With lower electricity rates in Norman, Arkansas, the savings might be slightly lower.
After calculations, it seems like it would take around 4-6 years to cover the initial cost of the solar panels. This means, after 4-6 years, the money saved on electricity bills will start to pay off the investment. And since solar panels have a long lifespan, you’ll continue to enjoy those savings for many years beyond the break-even point. Investing in solar energy is a smart way to save money and contribute to a greener environment!
Investing in solar power in Norman Arkansas
Overall, installing solar panels in Norman, Arkansas can be a beneficial investment for homeowners looking to save money in the long term. With above-average rainfall, ample sunlight, and lower electricity costs compared to the national average, Norman presents an ideal environment for solar energy production. By analyzing the costs and potential savings, we have determined that it could take around 4-6 years to break even on the initial investment in solar panels. This means that residents can enjoy significant savings on their electricity bills for many years after reaching the break-even point. Switching to solar power not only helps homeowners financially but also contributes to a more sustainable and environmentally friendly future.