Overview
Are you tired of paying high electricity bills every month? Installing solar panels on your home in Springfield, Missouri could be the solution you’ve been looking for. By analyzing weather data and electricity costs specific to your area, we can show you how much you could save by switching to solar power. We’ll break down the cost of a solar system and estimate how long it will take for you to break even, making the decision to go solar a financially savvy one for residents in Springfield.
Springfield Missouri Weather Trends
Springfield Precipitation
With Springfield Missouri receiving 47.35 inches of precipitation in the last year, you are in a better position compared to the rest of the country and even your own state. Considering that the national average is 50.61 inches and Missouri’s average is 47.04 inches, you have the perfect amount of rain to keep your solar panels running efficiently.
Springfield’s UV Rating
Springfield Missouri’s average UV rating of 4.64 in the last year places you in a favorable spot when compared to the rest of the nation and the state of Missouri. With access to more sunlight, higher than the national average of 4.29 and the state average of 4.59, your solar panels can generate more energy to power your home efficiently. Additionally, the average max UV rating of 5.05 in Springfield is even more promising, exceeding both national and state averages.
Springfield’s Cloud Cover
Springfield Missouri had an average of 38% cloud cover in the last year, putting you at an advantage compared to most areas in the nation and the state. With fewer clouds obstructing the sunlight, your solar panels can harness more energy effectively. Having 150 days with little to no cloud cover shows the potential for consistent solar energy production throughout the year.
Springfield Missouri Electricity Costs
At $0.1/kw for electricity, Springfield residents are paying less than the national average of $0.13/kw and even below the state average of $0.11/kw. By making the switch to solar power, you can further decrease your electricity costs and reduce your dependency on traditional energy sources. With such low electricity costs in Springfield, investing in solar panels will not only benefit your finances but also the environment.
When could you expect to break even on a solar installation in Springfield Missouri?
Considering the weather and electricity costs in Springfield 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:
- Springfield Missouri receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Springfield Missouri are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in Springfield Missouri is lower than the national average, with a mix of clear and cloudy days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Springfield Missouri pay slightly less for electricity compared to the national average, making solar power a cost-effective option.
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 bought from the grid and saving money on electricity bills.
- With Springfield Missouri’s lower electricity rates, the savings may take slightly longer to cover the initial cost.
After reviewing the data, it appears that it would take around 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the savings on electricity bills will begin to accumulate and offset the investment. Considering the long lifespan of solar panels, this investment promises long-term financial benefits and contributes to a sustainable energy future.
Investing in solar power in Springfield Missouri
Switching to solar power in Springfield, Missouri is a smart financial decision for residents looking to save money on electricity bills. With favorable weather conditions and lower than average electricity costs, investing in solar panels can lead to significant savings in the long run. By estimating a break-even period of around 6-7 years, residents can see the financial benefits and positive impact on the environment that solar energy offers. Making the switch to solar power in Springfield is a wise choice for those looking to save money and reduce their carbon footprint.