Overview
Are you a Spencer Oklahoma resident looking to save money on your electricity bill? Installing solar panels on your home could be the answer! By analyzing weather data specific to Spencer, including annual precipitation, average UV rating, and cloud cover, we have calculated the cost of a solar system and estimated how long it will take to break even. With the potential to significantly reduce your electricity costs, investing in solar panels is a smart financial decision that can benefit both your wallet and the environment.
Spencer Oklahoma Weather Trends
Spencer Precipitation
In the last year, Spencer Oklahoma received 42.86 inches of precipitation, ranking the city in the 33rd percentile in the nation and the 35th percentile in Oklahoma. Compared to the national average of 50.61 inches and the state average of 46.74 inches, Spencer sees slightly less rainfall, making it an ideal location for solar panels.
Spencer’s UV Rating
With an average UV rating of 5.2, Spencer finds itself in the 83rd percentile nationally and the 58th percentile within Oklahoma. The national average UV rating is 4.29, while Oklahoma’s average is 5.2. Spencer’s high UV rating means more sunlight exposure, maximizing the efficiency of solar panels installed on homes in the area.
Spencer’s Cloud Cover
Recording an average of 32% cloud cover, Spencer ranks in the 9th percentile nationally and the 30th percentile within Oklahoma. Compared to the national average cloud cover of 44.46% and the state average of 33.43%, Spencer experiences relatively clear skies, allowing for consistent solar energy production throughout the year.
Spencer Oklahoma Electricity Costs
Residents in Spencer pay approximately $0.09 per kilowatt-hour for electricity, positioning the city in the 3rd percentile nationally and the 1st percentile in Oklahoma. In comparison, the national average for residential electricity is $0.13/kw, while Oklahoma’s average is $0.11/kw. With lower electricity costs in Spencer, investing in solar panels can lead to significant savings on utility bills in the long run.
When could you expect to break even on a solar installation in Spencer Oklahoma?
Considering the weather and electricity costs in Spencer, Oklahoma, 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:
- Spencer, Oklahoma gets slightly less precipitation than the national average, with a good amount of sunshine for solar panels.
- The UV ratings in Spencer, Oklahoma are higher than the national average, making it a great location for generating solar power.
- Cloud cover in Spencer, Oklahoma is lower than the national average, with plenty of clear days for solar panels to work efficiently.
Now, let’s consider the electricity costs:
- Residents in Spencer, Oklahoma pay less for electricity compared to the national average, making solar power an even more cost-effective choice.
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 purchased from the grid.
- With Spencer, Oklahoma’s lower electricity rates, the savings are considerable.
After doing the calculations, it seems that it would take approximately 7 years to cover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, you can continue enjoying those savings for many years beyond the payback period. Investing in solar power is a smart way to save money and contribute to a greener environment!
Investing in solar power in Spencer Oklahoma
Investing in solar panels in Spencer, Oklahoma is a smart financial decision that not only reduces your electricity costs but also benefits the environment. With lower precipitation, higher UV ratings, and lower cloud cover than national averages, Spencer is an ideal location for solar energy production. Additionally, with electricity costs lower than the national average, the payback period for a solar system is estimated to be around 7 years. By making this investment, you can enjoy long-term savings on your utility bills and contribute to a greener, more sustainable future for your community.