Overview
Are you looking to save money on your electricity bill and help the environment at the same time? With the abundant sunshine in Oakes, North Dakota, installing solar panels on your home could be a smart financial move. By analyzing weather data and electricity costs, we will show you how much you could save by going solar. We will break down the cost of a solar system and estimate how long it will take for you to break even. Let us show you how solar panels can be a worthwhile investment for your home.
Oakes North Dakota Weather Trends
Oakes Precipitation
With Oakes North Dakota receiving 31.86 inches of precipitation in the last year, residents are in luck with its relatively low precipitation compared to both the national and state averages. This means more sunny days to generate solar energy and lower the amount of water that can potentially damage solar panels over time.
Oakes’s UV Rating
Oakes North Dakota’s average UV rating of 3.59 in the last year is slightly below the national average but higher than the state average. This means that Oakes residents have adequate sunlight exposure for generating solar energy efficiently. The high max UV rating of 3.77 also indicates strong sunlight that can contribute to greater solar energy production.
Oakes’s Cloud Cover
With an average of 44% cloud cover in the last year, Oakes North Dakota offers residents a good balance of sunshine and cloudiness. More clear days with less cloud cover mean more opportunities for solar panels to produce energy efficiently, ultimately saving you more money on your electricity bill and reducing your reliance on non-renewable energy sources.
Oakes North Dakota Electricity Costs
At $0.1/kw for electricity, Oakes North Dakota residents are already paying on par with the North Dakota average, making solar panels an even more attractive option. By investing in solar energy, residents can take control of their electricity costs and save money in the long run while also reducing their carbon footprint and contributing to a more sustainable future.
When could you expect to break even on a solar installation in Oakes North Dakota?
Considering the weather and electricity costs in Oakes, North Dakota, 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:
- Oakes receives less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Oakes are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Oakes is slightly lower than the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Oakes pay less for electricity compared to the national average, which can impact 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 amount needed from the grid.
- With Oakes’ lower electricity rates, the savings may take longer to cover the initial cost of the solar panels.
After analyzing the data, it seems that it could take around 8-10 years to cover the initial cost of the solar panels in Oakes, North Dakota. This means that after 8-10 years, the money saved on electricity bills will start to offset the investment. Additionally, since solar panels can last for 25-30 years, there will be many years of savings beyond the break-even point. Investing in solar energy can be a smart financial and environmental decision in the long run.
Investing in solar power in Oakes North Dakota
By analyzing the weather trends and electricity costs in Oakes, North Dakota, it is clear that investing in solar panels can be a smart financial move. With plenty of sunshine and relatively low precipitation, residents have an ideal environment for solar energy production. In addition, the electricity costs in Oakes are already on par with the state average, making solar panels an even more attractive option. Based on our analysis, it could take around 8-10 years to break even on the initial cost of a solar installation. Beyond that, residents can enjoy years of savings on their electricity bills while contributing to a more sustainable future. Consider going solar in Oakes and start saving money while helping the environment.