Overview
Are you looking to save money on your electricity bills and reduce your carbon footprint? In this article, we will discuss the financial benefits of installing solar panels on your home in Story Arkansas. By analyzing weather data and electricity costs specific to the area, we will break down the cost of a solar system and estimate how long it will take for you to break even. With the potential for significant savings and the opportunity to contribute to a greener future, investing in solar panels may be a smart decision for residents of Story Arkansas.
Story Arkansas Weather Trends
Story Precipitation
With Story Arkansas receiving 41.24 inches of precipitation in the last year, it falls in the 30th percentile in the nation and the 6th percentile in Arkansas. Comparatively, the national average for total precipitation is 50.61 inches, while Arkansas’s average is 54.5 inches. Despite receiving slightly less precipitation than the national and state averages, Story still benefits from a relatively moderate amount of rainfall.
Story’s UV Rating
In the last year, Story Arkansas had an average UV rating of 3.47, ranking it in the 17th percentile in the nation and the 1st percentile in Arkansas. In comparison, the national average is 4.29, and Arkansas’s average is 5.13. With an average max UV rating of 3.67, Story is in the 22nd percentile nationally and the 2nd percentile in Arkansas. These UV ratings in Story indicate a good amount of sunshine, which is beneficial for solar panel efficiency.
Story’s Cloud Cover
Story Arkansas had an average of 60% cloud cover in the last year, placing it in the 96th percentile in the nation and the 99th percentile in Arkansas. The national average for cloud cover is 44.46%, while Arkansas’s average is 38.77%. Despite high cloud cover percentages, there are still numerous days with varying cloud cover levels in Story, allowing for ample sunlight to reach solar panels for energy production.
Story Arkansas Electricity Costs
Residents of Story Arkansas pay around $0.11/kw for electricity, positioning Story in the 31st percentile nationally and the 79th percentile in Arkansas. In comparison, the national average for residential electricity is $0.13/kw, and Arkansas’s average is also $0.11/kw. With relatively lower electricity costs, investing in solar panels in Story can lead to significant savings over time, making it a wise financial decision for residents.
When could you expect to break even on a solar installation in Story Arkansas?
Considering the weather and electricity costs in Story 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:
- Story Arkansas receives less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Story Arkansas are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in Story Arkansas is higher than the national average, which may affect the efficiency of solar panels.
Now, let’s consider the electricity costs:
- Residents in Story Arkansas pay slightly less for electricity compared to the national average.
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 needed from the grid and saving money in the long run.
- With Story Arkansas’s lower electricity rates, the savings may not be as high as in other locations but are still significant.
After analyzing the data, it looks like it would take around 10 years to cover the initial cost of the solar panels in Story Arkansas. This means that after 10 years, the money saved on electricity bills will start to offset the investment. Since solar panels can last between 25 and 30 years, residents can enjoy reduced electricity costs and contribute to a cleaner environment for many years after breaking even on the investment. It’s a smart choice for long-term savings and sustainability!
Investing in solar power in Story Arkansas
Investing in solar panels in Story Arkansas can lead to significant savings on electricity bills and contribute to a greener future. With lower precipitation levels but ample sunshine, along with slightly lower electricity costs, residents have the opportunity to break even on their investment in solar panels in approximately 10 years. This means that for the remaining lifespan of the solar panels, residents can enjoy reduced electricity costs and sustainable energy production. Making the decision to install solar panels is not only a smart financial choice but also a step towards a cleaner and more environmentally friendly community.