Overview
In Story, Wyoming, installing solar panels on your home can lead to significant savings on your electricity bills. By analyzing weather data and electricity costs, we estimate how long it will take for you to break even on your solar investment. With the right system, you can take advantage of the sunny days and low cloud cover to generate your own clean and affordable energy. Read on to discover the financial benefits of going solar in Story, Wyoming.
Story Wyoming Weather Trends
Story Precipitation
With Story, Wyoming receiving 32.03 inches of precipitation last year, it’s important to note that this places the town in the 14th percentile in the nation and the 69th percentile in Wyoming. Compared to the national average of 50.61 inches, Story experiences less rainfall, which can be advantageous for solar panel efficiency. In contrast, Wyoming’s average total precipitation is 28.52 inches, making Story slightly rainier than the state average.
Story’s UV Rating
Story, Wyoming had an average UV rating of 3.6 in the past year, positioning the town in the 23rd percentile in the nation and the 59th percentile in Wyoming. While this may seem moderate, the lower UV rating can help preserve the lifespan of your solar panels, ensuring long-term energy production. In comparison, the national average for UV rating is 4.29, while Wyoming’s average is 3.45. Additionally, Story’s average max UV rating of 3.8, which is beneficial for harnessing solar energy efficiently.
Story’s Cloud Cover
Recording an average cloud cover of 36% last year, Story, Wyoming falls in the 15th percentile nationally and the 64th percentile within the state. With below-average cloud cover, Story experiences more sunny days, providing ample opportunity for your solar panels to generate electricity efficiently. The national average for cloud cover is 44.46%, while Wyoming’s average is slightly higher at 36.73%. Furthermore, Story had a significant number of days with low to moderate cloud cover, ideal for maximizing solar energy production.
Story Wyoming Electricity Costs
Residents in Story, Wyoming enjoy a relatively low electricity cost of about $0.11/kw, placing the town in the 30th percentile nationally and the 38th percentile in Wyoming. When compared to the national residential electricity average of $0.13/kw, Story’s lower rate presents an opportunity for significant savings on energy bills with solar panel installation. Wyoming’s average residential electricity cost is also $0.11/kw, aligning with Story’s affordable energy rates.
When could you expect to break even on a solar installation in Story Wyoming?
Considering the weather and electricity costs in Story, Wyoming, 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, Wyoming receives less precipitation compared to the national average, making it a suitable location for solar panels.
- The UV ratings in Story, Wyoming are slightly below the national average, but still good enough for generating solar power effectively.
- Cloud cover in Story, Wyoming is lower than the national average, with a good number of clear days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Story, Wyoming pay slightly less for electricity compared to the national average, making solar power savings slightly lower.
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:
- Since electricity costs are lower in Story, Wyoming, the savings from using solar panels will be slightly reduced compared to other locations.
After analyzing the data, it is estimated that it would take around 6 years to cover the initial cost of the solar panels in Story, Wyoming. This means that after 6 years, the money saved on electricity bills will begin to offset the investment. Additionally, with solar panels lasting for 25 to 30 years, the long-term savings and benefits of using solar power make it a wise financial and environmental investment.
Investing in solar power in Story Wyoming
With the favorable weather conditions in Story, Wyoming and the lower electricity costs, investing in solar panels can lead to significant savings over time. Analyzing the data shows that it would take around 6 years to break even on the initial cost of installing solar panels. This means that after 6 years, the money saved on electricity bills will start to offset the investment, providing long-term financial benefits. Considering the sunny days, low cloud cover, and affordable energy rates in Story, Wyoming, going solar is a smart choice for both your wallet and the environment.