Overview
In Selawik, Alaska, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs over the course of a year, we can show you how much money you can save by making the switch to solar energy. With a breakdown of the cost of a solar system and an estimate of how long it will take to break even, you’ll see just how much money you can save in the long run.
Selawik Alaska Weather Trends
Selawik Precipitation
With Selawik, Alaska receiving 34.07 inches of precipitation in the last year, residents can take advantage of these lower levels compared to the national and state averages. Selawik falls in the 46th percentile in Alaska and the 17th percentile in the nation for total precipitation. By harnessing solar energy, residents can save money and contribute to a cleaner environment.
Selawik’s UV Rating
Considering Selawik, Alaska’s low average UV rating of 1.2, residents may wonder about the effectiveness of solar panels. Despite this, with the average max UV rating of 1.86, it is clear that solar panels can still be a viable option in Selawik. Even though Selawik ranks low compared to the rest of Alaska and the country, the financial benefits of solar energy are still worth considering.
Selawik’s Cloud Cover
Despite Selawik, Alaska having an average of 66% cloud cover in the last year, solar panels can still be a successful investment for residents. While Selawik ranks high in cloud cover compared to the nation, it is important to note that there are still many days with clear skies. By capturing sunlight on these days, residents can see significant savings on their electricity bills.
Selawik Alaska Electricity Costs
At about $0.5/kw for electricity, Selawik, Alaska residents face high costs compared to the national and state averages. The national average for residential electricity is $0.13/kw, while Alaska’s average is $0.34/kw. By switching to solar energy, residents in Selawik can enjoy long-term savings and reduce their dependency on costly grid electricity.
When could you expect to break even on a solar installation in Selawik Alaska?
Considering the weather and electricity costs in Selawik, Alaska, 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:
- Selawik, Alaska receives less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Selawik, Alaska are lower than the national average, but still sufficient for generating solar power.
- The cloud cover in Selawik, Alaska is higher than the national average, which may impact solar panel efficiency.
Now, let’s consider the electricity costs:
- Residents in Selawik, Alaska pay less for electricity compared to the national average, making solar energy savings less significant.
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 need to purchase from the grid.
- With Selawik, Alaska’s lower electricity rates, the savings will take longer to cover the initial cost.
After crunching the numbers, it looks like it would take around 20 years to cover the initial cost of the solar panels in Selawik, Alaska. That means, after 20 years, the money saved on electricity bills will start to add up and pay off the investment. Since solar panels last for a long time, you’ll be enjoying those savings for many years to come after the initial payback period. It’s a long-term investment that can provide both financial and environmental benefits!
Investing in solar power in Selawik Alaska
By considering the weather trends, electricity costs, and potential savings in Selawik, Alaska, it is clear that investing in solar panels can lead to significant financial benefits in the long run. Despite lower UV ratings and higher cloud cover, the financial advantages of using solar energy outweigh these challenges. With an expected payback period of around 20 years, residents can enjoy reduced electricity bills and contribute to a cleaner environment for years to come. Making the switch to solar energy in Selawik is a wise investment that can result in both financial savings and environmental sustainability.