Overview
In Peoria Arizona, where the sun shines nearly every day, installing solar panels on your home can provide significant financial benefits. By analyzing weather data and electricity costs over the course of a year, we will demonstrate how a solar system can not only reduce your monthly utility bills, but also potentially allow you to break even on your investment in a relatively short period. Read on to discover the cost-saving advantages of going solar in Peoria.
Peoria Arizona Weather Trends
Peoria Precipitation
In the last year, Peoria Arizona received 7.53 inches of precipitation, ranking it in the 1st percentile in the nation and the 29th percentile in Arizona. Compared to the national average of 50.61 inches and Arizona’s average of 12 inches, Peoria’s low precipitation levels make it an ideal location for solar panel installation.
Peoria’s UV Rating
With an average UV rating of 6.6, Peoria is in the 99th percentile in the nation and the 97th percentile in Arizona. The national average for UV rating is 4.29, and Arizona’s average is 5.41. Peoria’s high UV ratings, with an average max rating of 7.25, make it a prime location for harnessing solar energy for your home.
Peoria’s Cloud Cover
In the last year, Peoria Arizona had an average of 16% cloud cover, ranking it in the 0th percentile in the nation and the 13th percentile in Arizona. With significantly lower cloud cover compared to the national average of 44.46% and Arizona’s average of 19.26%, Peoria offers ample sunlight for efficient solar panel utilization.
Peoria Arizona Electricity Costs
Residents in Peoria pay about $0.12/kw for electricity, placing them in the 60th percentile in the nation and the 50th percentile in Arizona. While the national average for residential electricity is $0.13/kw, Peoria’s slightly lower costs make investing in solar panels a financially sound decision that can lead to long-term savings.
When could you expect to break even on a solar installation in Peoria Arizona?
Considering the weather and electricity costs in Peoria Arizona, 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:
- Peoria Arizona receives significantly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Peoria Arizona are higher than the national average, indicating strong sunlight for generating solar power.
- Cloud cover in Peoria Arizona is below the national average, with many days having low cloud cover suitable for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Peoria Arizona pay slightly less for electricity compared to the national average, which can affect the financial benefits of installing 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 generates electricity, reducing the amount needed from the grid and lowering electricity costs.
- With Peoria Arizona’s electricity rates, the savings from using solar power can be significant over time.
After analyzing the data, it appears that it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the savings on electricity bills will start to surpass the initial investment. Given the longevity of solar panels, the investment can continue to provide savings for many years to come, making it a practical and cost-effective choice. Investing in solar panels not only saves money but also contributes to environmental sustainability, making it a win-win solution for Peoria Arizona residents.
Investing in solar power in Peoria Arizona
Investing in solar panels in Peoria, Arizona is a smart choice that can lead to significant financial benefits in the long run. The weather trends in Peoria, with low precipitation, high UV ratings, and minimal cloud cover, make it an ideal location for solar energy production. Additionally, the slightly lower electricity costs in Peoria compared to the national average can further increase the savings from solar panel installation. With an expected break-even period of around 5-6 years and the long lifespan of solar systems, the investment in solar panels is a practical and cost-effective decision for residents of Peoria. Not only does it save money, but it also promotes environmental sustainability, making it a win-win situation for homeowners in Peoria, Arizona.