Overview
Have you ever considered the financial benefits of installing solar panels on your home in Peel, Arkansas? With our analysis of local weather data and electricity costs, we have found that investing in a solar system can save you a significant amount of money in the long run. By breaking down the cost of installation and estimating the time it will take to break even, we aim to show you how going solar can be a smart financial decision for residents of Peel, Arkansas.
Peel Arkansas Weather Trends
Peel Precipitation
With Peel Arkansas receiving approximately 52.97 inches of precipitation in the last year, it’s important to note that this puts Peel above the national average of 50.61 inches. While Peel falls below the Arkansas average of 54.5 inches, the ample rainfall can help keep your solar panels clean, optimizing energy production.
Peel’s UV Rating
Peel Arkansas enjoys a favorable average UV rating of 4.86, surpassing both the national average of 4.29 and the Arkansas average of 5.13. Additionally, Peel boasts an average max UV rating of 5.3, higher than both the national and state averages. This means that installing solar panels in Peel can generate significant electricity savings due to the abundant sunlight.
Peel’s Cloud Cover
Despite having an average cloud cover of 38%, Peel Arkansas still receives more sunny days compared to many areas in the nation. With 144 days having minimal cloud cover, there are plenty of opportunities for your solar panels to harness sunlight efficiently. The lower cloud cover percentage in Peel can lead to increased energy production from your solar system.
Peel Arkansas Electricity Costs
Residents in Peel, Arkansas pay about $0.11 per kilowatt-hour for electricity, which is on par with the state average. Compared to the national average of $0.13 per kilowatt-hour, Peel’s electricity costs are lower, making solar energy a cost-effective choice for powering your home. By investing in solar panels, you can lock in lower energy costs for the long term and reduce your reliance on the grid.
When could you expect to break even on a solar installation in Peel Arkansas?
Considering the weather and electricity costs in Peel, 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:
- Peel receives slightly more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Peel are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Peel is lower than the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Peel pay slightly lower than the national average for electricity, which can affect the cost 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 purchased from the grid.
- With Peel’s lower electricity rates, the savings may take slightly longer to cover the initial cost.
After analyzing the data, it’s estimated that it would take around 6-7 years to cover the initial cost of the solar panels in Peel, Arkansas. This means that after 6-7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels have a long lifespan, the savings will continue for many years beyond the initial payback period. Investing in solar power is a wise decision to save money and contribute to a cleaner environment.
Investing in solar power in Peel Arkansas
In conclusion, investing in solar panels in Peel, Arkansas can be a smart financial decision. With favorable weather conditions and slightly lower electricity costs compared to the national average, residents can expect to break even on their solar panel investment in around 6-7 years. Not only will solar energy provide long-term savings on electricity bills, but it will also contribute to a cleaner environment. Consider installing solar panels on your home in Peel to enjoy the benefits of renewable energy and financial savings.