Overview
If you live in Oklahoma City, installing solar panels on your home can save you money in the long run. By analyzing weather data and electricity costs specific to your area, we can estimate the cost of a solar system and how long it will take to break even. With abundant sunlight and potential savings on your electricity bill, investing in solar panels could be a wise financial decision for Oklahoma City residents.
Oklahoma City Oklahoma Weather Trends
Oklahoma City Precipitation
With Oklahoma City receiving 45.73 inches of precipitation in the last year, it falls below both the national and state averages. This means that residents in Oklahoma City generally experience less rainfall compared to the rest of the country and Oklahoma. However, even with lower precipitation levels, the abundant sunlight in the area makes it a prime location for solar panel installation.
Oklahoma City’s UV Rating
Having an average UV rating of 5.25 in the last year, Oklahoma City ranks higher than both the national and state averages. This indicates that residents in Oklahoma City are exposed to higher levels of ultraviolet radiation compared to other parts of the country and Oklahoma. With more sunlight available, solar panels in Oklahoma City can produce more electricity efficiently.
Oklahoma City’s Cloud Cover
Despite having an average of 32% cloud cover in the last year, Oklahoma City ranks below the national average but slightly above the state average. This means that there are more clear days in Oklahoma City compared to the rest of the country, providing ample sunshine for solar panels to harness. With fewer clouds obstructing the sunlight, solar energy production can be more consistent and reliable.
Oklahoma City Oklahoma Electricity Costs
At just $0.09/kw for electricity, Oklahoma City residents enjoy lower electricity costs compared to the national and state averages. With affordable electricity rates, combining solar panels with traditional electricity can lead to significant savings over time. By investing in solar energy, residents in Oklahoma City can not only reduce their electricity bills but also contribute to a greener and more sustainable environment.
When could you expect to break even on a solar installation in Oklahoma City Oklahoma?
Considering the weather and electricity costs in Oklahoma City, 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:
- Oklahoma City gets slightly less rain than the national average, making it a good location for solar panels to work effectively.
- The UV ratings in Oklahoma City are higher than the national average, which is great for generating solar power.
- Cloud cover in Oklahoma City is lower than the national average, with a significant number of days having clear skies which is ideal for solar energy production.
Now, let’s consider the electricity costs:
- Oklahoma City residents pay less for electricity compared to the national average, making it more cost-effective to invest in solar panels.
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 will generate electricity, reducing the amount purchased from the grid and leading to savings on electricity bills.
- With lower electricity rates in Oklahoma City, the savings from solar power will accumulate at a quicker pace compared to other locations.
After analyzing the data, it appears that it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the savings on electricity bills will begin to offset the investment. Considering that solar panels have a lifespan of 25 to 30 years, you can expect to enjoy significant savings for many years beyond the break-even point. Investing in solar energy not only saves you money in the long run but also contributes to a cleaner environment. It’s a wise and sustainable choice for homeowners in Oklahoma City.
Investing in solar power in Oklahoma City Oklahoma
Investing in solar panels in Oklahoma City can be a smart financial decision for residents. With lower precipitation levels, higher UV ratings, and lower cloud cover compared to national averages, the city offers optimal conditions for solar energy production. Additionally, with electricity costs at just $0.09/kw, combining solar power with traditional electricity can result in significant long-term savings. By analyzing the data, it is estimated that residents can break even on their solar panel investment in approximately 6 years. This means that beyond this point, homeowners can enjoy considerable savings on their electricity bills for many years to come. Not only does investing in solar energy benefit your wallet, but it also contributes to a greener and more sustainable environment. Therefore, installing solar panels in Oklahoma City is a wise and eco-friendly choice.