Overview
In Santa Fe, Missouri, investing in solar panels for your home can lead to significant financial benefits over time. By analyzing weather data and electricity costs specific to this area, we can show how installing a solar system can help you save money on your energy bills. With the potential to break even on your investment in a reasonable amount of time, switching to solar power is a smart financial decision that can also benefit the environment.
Santa Fe Missouri Weather Trends
Santa Fe Precipitation
With Santa Fe, Missouri receiving 33.97 inches of precipitation in the last year, it’s important to note that this puts Santa Fe in the 17th percentile in the nation and the 2nd percentile in Missouri. Comparing this to the national average of 50.61 inches and Missouri’s average of 47.04 inches, it is clear that Santa Fe is on the lower end in terms of rainfall.
Santa Fe’s UV Rating
In the last year, Santa Fe Missouri had an average UV rating of 5.94, placing it in the 95th percentile in the nation and the 99th percentile in Missouri. Compared to the national average of 4.29 and Missouri’s average of 4.59, Santa Fe receives higher levels of UV radiation, making it an ideal location for harnessing solar energy. With an average max UV rating of 6.71, Santa Fe’s potential for solar power generation is even greater.
Santa Fe’s Cloud Cover
Despite having an average cloud cover of 33% in the last year, placing Santa Fe in the 10th percentile in the nation and the 0th percentile in Missouri, it is essential to consider that Santa Fe had a significant number of sunny days. With 160 days of clear skies and only 7 days of heavy cloud cover, Santa Fe offers favorable conditions for solar panel installations compared to other locations with higher cloud cover percentages.
Santa Fe Missouri Electricity Costs
Santa Fe Missouri residents pay about $0.11/kw for electricity, which is below the national average of $0.13/kw. This places Santa Fe in the 28th percentile in the nation and the 30th percentile in Missouri. Given the lower-than-average electricity costs and the abundant sunlight Santa Fe receives, investing in solar panels can help residents save even more on their energy bills in the long run.
When could you expect to break even on a solar installation in Santa Fe Missouri?
Considering the weather and electricity costs in Santa Fe 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:
- Santa Fe Missouri receives less precipitation than the national average, which is good for solar panel efficiency.
- The UV ratings in Santa Fe Missouri are higher than the national average, making it a great location for generating solar power.
- Cloud cover in Santa Fe Missouri is also lower than the national average, allowing for more sunlight to reach the solar panels.
Now, let’s consider the electricity costs:
- Residents in Santa Fe Missouri pay slightly less for electricity compared to the national average, which can contribute to more significant savings with 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 resulting in savings on electricity bills.
- With the lower electricity costs in Santa Fe Missouri, the savings over time can be significant.
After running the numbers, 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 money saved on electricity bills will begin to compensate for the investment. Since solar panels have a long lifespan, the savings will continue for many years after the break-even point. It’s a wise choice to save money and contribute to a cleaner environment in Santa Fe Missouri!
Investing in solar power in Santa Fe Missouri
Investing in solar panels in Santa Fe, Missouri can be a financially savvy decision that benefits both your wallet and the environment. With lower-than-average precipitation, higher UV ratings, and minimal cloud cover, Santa Fe offers ideal conditions for solar power generation. Couple this with electricity costs below the national average, and it’s clear that installing solar panels can lead to significant savings on energy bills. By breaking even on your investment in approximately 6 years, you can enjoy years of reduced electricity costs and a cleaner, greener future in Santa Fe Missouri.