Overview
Living in Riverside Missouri, you may be wondering if installing solar panels on your home is worth the investment. By analyzing weather data and electricity costs specific to our area, we can show you the financial benefits of going solar. With the potential to save thousands of dollars over the lifespan of a solar system, it’s important to understand the costs involved and the estimated time it will take to break even. Let’s explore why going solar in Riverside Missouri could be a smart decision for your wallet.
Riverside Missouri Weather Trends
Riverside Precipitation
Living in Riverside Missouri, you may not realize that our area receives less precipitation than both the national and Missouri averages. With 39.51 inches of precipitation in the last year, Riverside falls in the 26th percentile in the nation and the 13th percentile in Missouri. This means that our location is less prone to heavy rain compared to other parts of the country and the state.
Riverside’s UV Rating
When it comes to UV ratings, Riverside Missouri enjoys more sun exposure than many other areas. With an average UV rating of 4.61, Riverside ranks in the 68th percentile in the nation and the 60th percentile in Missouri. This higher UV rating indicates that our location receives abundant sunlight, making it an ideal spot for harnessing solar energy.
Riverside’s Cloud Cover
Despite experiencing some cloud cover, Riverside Missouri still has a lower average cloud cover compared to both the national and Missouri averages. With an average of 37% cloud cover, Riverside ranks in the 16th percentile in the nation and the 5th percentile in Missouri. This means that our area enjoys more sunny days, providing ample opportunities for solar panels to generate energy efficiently.
Riverside Missouri Electricity Costs
One of the most significant advantages of installing solar panels in Riverside Missouri is the cost savings on electricity. Residents currently pay about $0.13/kw for electricity, which is higher than the national average but lower than the Missouri average. By generating your electricity using solar panels, you can reduce your reliance on the grid and potentially save thousands of dollars over the lifespan of the system.
When could you expect to break even on a solar installation in Riverside Missouri?
Considering the weather and electricity costs in Riverside Missouri, 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:
- Riverside Missouri receives less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Riverside Missouri are higher than the national average, indicating good conditions for generating solar power.
- Riverside Missouri has slightly lower cloud cover compared to the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs in Riverside Missouri:
- Residents in Riverside Missouri pay the national average for electricity, which is $0.13/kw.
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 saving you money on your electricity bills.
- With the average electricity cost in Riverside Missouri, your savings will help offset the initial investment cost.
After analyzing the data, it appears that it would take around 5-7 years to cover the initial cost of the solar panels. This means that after 5-7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels have a long lifespan, you will continue to enjoy savings for many years to come. Investing in solar panels is a smart financial choice that also benefits the environment!
Investing in solar power in Riverside Missouri
Installing solar panels in Riverside Missouri can be a financially savvy decision for homeowners. With less precipitation, higher UV ratings, and lower cloud cover compared to national averages, Riverside is an ideal location for harnessing solar energy. Additionally, the cost savings on electricity, with residents paying $0.13/kw, make the investment in solar panels worthwhile. By breaking down the costs and estimated time to break even on a solar system, it is clear that investing in solar panels can lead to significant long-term savings. Overall, going solar in Riverside Missouri not only benefits your wallet but also the environment.