Overview
Are you a resident of Smithton, Missouri looking to save money on your electricity bills? Installing solar panels on your home could be a cost-effective solution for you. In this article, we will analyze the weather patterns in Smithton, the basic electricity costs, and break down the expenses of a solar system to estimate how long it will take for you to see a return on your investment. By the end of this article, you will have a better understanding of the financial benefits of switching to solar power in Smithton.
Smithton Missouri Weather Trends
Smithton Precipitation
Smithton, Missouri received 38.27 inches of precipitation last year. Compared to the rest of the country, Smithton falls below the national average of 50.61 inches, ranking in the 24th percentile. Within Missouri, Smithton is in the 9th percentile as the state’s average stands at 47.04 inches. With lower precipitation levels, solar panels in Smithton can be more efficient and reliable.
Smithton’s UV Rating
Smithton, Missouri had an average UV rating of 4.58 in the last year. This places Smithton above the national average of 4.29, ranking in the 67th percentile in the country. When compared to the state average of 4.59, Smithton falls slightly below, at the 54th percentile. With a higher UV rating, solar panels in Smithton can produce more energy, benefitting homeowners financially while reducing dependence on non-renewable energy sources.
Smithton’s Cloud Cover
Smithton, Missouri had an average cloud cover of 37% in the last year. This percentage is lower than both the national average of 44.46% and Missouri’s average of 39.07%. With fewer clouds obstructing sunlight, solar panels in Smithton can capture more solar energy throughout the year. This means that residents can generate more electricity and reduce their reliance on traditional power sources.
Smithton Missouri Electricity Costs
Residents in Smithton, Missouri pay about $0.11/kw for electricity, aligning with the state average. Compared to the national average of $0.13/kw, Smithton’s electricity costs are lower, positioning the town in the 31st percentile in the country. With affordable electricity rates and the potential for significant sunlight exposure, investing in solar panels can lead to long-term savings on energy bills for Smithton residents.
When could you expect to break even on a solar installation in Smithton Missouri?
Considering the weather and electricity costs in Smithton, 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:
- Smithton, Missouri receives less precipitation compared to the national average, making it suitable for solar panel installation.
- The UV ratings in Smithton, Missouri are higher than the national average, indicating good conditions for solar power generation.
- Cloud cover in Smithton, Missouri is lower than the national average, providing ample sunlight for solar panels.
Now, let’s consider the electricity costs:
- Residents in Smithton, Missouri pay slightly less for electricity compared to the national average, which can contribute to savings 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. Here’s how:
- The solar system generates electricity, reducing the amount needed from the grid and resulting in savings on electricity bills.
- With the lower electricity costs in Smithton, Missouri, the potential savings will add up over time.
After analyzing the data, it appears that it would take approximately 4-5 years to cover the initial cost of the solar panels. This means that after this period, the money saved on electricity bills will start to offset the investment. Additionally, since solar panels have a long lifespan, you can continue to benefit from these savings for many years. Investing in solar panels is a smart way to save money and contribute to a greener environment.
Investing in solar power in Smithton Missouri
Overall, installing solar panels in Smithton, Missouri can be a financially beneficial decision for residents. With lower precipitation levels, higher UV ratings, and less cloud cover than the national averages, solar panels in Smithton can efficiently generate electricity. Additionally, with electricity costs in Smithton aligning with the state average and being lower than the national average, residents can expect to see significant savings on their energy bills. Based on the analysis, it is estimated that homeowners in Smithton could break even on their investment in solar panels within 4-5 years. This initial cost will be offset by the savings on electricity bills, allowing residents to enjoy long-term financial benefits while contributing to a more sustainable environment.