Overview
Are you looking to save money on your electricity bill in Rexburg, Idaho? Installing solar panels on your home could be a smart financial decision. By analyzing weather data and electricity costs specific to the area, we can show you how much you could save each year by going solar. With a breakdown of the cost of a solar system and an estimate of how long it will take to break even, you can see the financial benefits of making the switch to solar power in Rexburg.
Rexburg Idaho Weather Trends
Rexburg Precipitation
Rexburg Idaho received 25.28 inches of precipitation last year, ranking it in the 9th percentile in the nation and the 35th percentile in Idaho. Compared to the national average of 50.61 inches and Idaho’s average of 34.83 inches, Rexburg experiences relatively low levels of precipitation, making it an ideal location for solar panel installation.
Rexburg’s UV Rating
In the last year, Rexburg Idaho had an average UV rating of 3.38, placing it in the 14th percentile in the nation and the 42nd percentile in Idaho. When considering the national average of 4.29 and Idaho’s average of 3.63, it is evident that Rexburg receives ample sunlight for efficient solar energy production, making it a prime candidate for solar panel installation.
Rexburg’s Cloud Cover
Rexburg Idaho had an average of 42% cloud cover last year, ranking it in the 37th percentile in the nation and the 41st percentile in Idaho. With fewer cloudy days compared to the national average of 44.46% and Idaho’s average of 44.04%, Rexburg offers consistent sunshine essential for maximizing the output of solar panels.
Rexburg Idaho Electricity Costs
Residents in Rexburg pay about $0.1/kw for electricity, positioning the city in the 16th percentile in the nation and the 83rd percentile in Idaho. With the national average for residential electricity at $0.13/kw and Idaho’s average at $0.1/kw, Rexburg boasts competitively low electricity costs, further solidifying the financial benefits of installing solar panels on your home.
When could you expect to break even on a solar installation in Rexburg Idaho?
Considering the weather and electricity costs in Rexburg Idaho, 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:
- Rexburg Idaho receives less rain compared to the national average, which is good for solar panel efficiency.
- The UV ratings in Rexburg Idaho are slightly lower than the national average, but still good for generating solar power.
- Cloud cover in Rexburg Idaho is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Rexburg Idaho 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 Rexburg Idaho, the savings are still 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 money saved on electricity bills will start to accumulate and pay off the investment. Given that solar panels have a long lifespan, you will continue to enjoy these savings for many years to come. Investing in solar energy is a wise choice to save money while also contributing to a greener environment!
Investing in solar power in Rexburg Idaho
Installing solar panels on your home in Rexburg, Idaho can lead to significant financial savings over the years. The combination of low precipitation, ample sunlight, and competitive electricity costs in the area make it an ideal location for solar panel installation. By analyzing the data, it is evident that the initial investment in solar panels could be recovered in around 5-6 years, after which you will continue to enjoy the savings for many more years. Switching to solar power not only benefits your wallet but also contributes positively to the environment. Consider the financial benefits and environmental impact before making your decision to go solar in Rexburg!