Overview
In Sherwood Arkansas, installing solar panels on your home can result in significant cost savings on your electricity bill. By analyzing weather data and electricity costs specific to Sherwood, we have calculated the average savings you can expect from switching to solar power. With the initial cost of a solar system broken down and an estimated timeframe for breaking even, this article will show you how going solar can be a smart financial decision for residents of Sherwood Arkansas.
Sherwood Arkansas Weather Trends
Sherwood Precipitation
With an annual precipitation of 54.35 inches, Sherwood Arkansas ranks above the national average of 50.61 inches. Although Sherwood falls slightly below the state average of 54.5 inches, the abundant rainfall still provides ample opportunities to harness solar power for your home.
Sherwood’s UV Rating
Enjoying an average UV rating of 5.15, Sherwood Arkansas outshines the national average of 4.29. While the city’s UV rating is slightly lower than the state average of 5.13, it is still sufficient for effective solar energy production. With an average max UV rating of 5.61, Sherwood’s sunny days make it an ideal location for solar panels.
Sherwood’s Cloud Cover
Despite an average cloud cover of 37%, Sherwood Arkansas is still below the national average of 44.46%. This means there are plenty of clear days for solar panels to generate electricity efficiently. With a variety of cloud cover percentages throughout the year, Sherwood offers a good balance for solar energy production.
Sherwood Arkansas Electricity Costs
At $0.11/kw, Sherwood residents enjoy electricity costs below the national average of $0.13/kw. While the city’s rate is on par with the state average of $0.11/kw, transitioning to solar power can further reduce your energy expenses over time. Investing in solar panels can lead to long-term savings and environmental benefits for Sherwood residents.
When could you expect to break even on a solar installation in Sherwood Arkansas?
Considering the weather and electricity costs in Sherwood Arkansas, 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:
- Sherwood Arkansas gets slightly more rain than the national average, but still has enough sunlight for solar panels to be effective.
- The UV ratings in Sherwood Arkansas are higher than the national average, which is great for generating solar power.
- Cloud cover in Sherwood Arkansas is lower than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Sherwood Arkansas pay less for electricity compared to the national average, which is beneficial when using solar power.
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:
- The system generates electricity, reducing the amount needed from the grid.
- With lower electricity rates in Sherwood Arkansas, the savings will accumulate over time.
After calculating the numbers, it appears that it would take around 6 years to cover the initial cost of the solar panels. This means that after 6 years, the savings on electricity bills will start to make up for the investment. Additionally, since solar panels have a long lifespan, these savings will continue for many years beyond the break-even point. By investing in solar energy, you can save money and contribute to environmental sustainability simultaneously.
Investing in solar power in Sherwood Arkansas
Switching to solar power in Sherwood Arkansas can be a wise financial decision for residents. With abundant sunlight, lower-than-average precipitation, and reduced electricity costs, installing solar panels can lead to significant savings on your energy bill. By investing in a solar system, you could break even in approximately 6 years and continue to enjoy savings for decades to come. Not only will you save money, but you will also contribute to environmental sustainability. Make the switch to solar power and start reaping the benefits today.