Overview
Are you a Summers Arkansas resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been looking for. In this article, we will break down the financial benefits of investing in a solar system based on local weather data and electricity costs in Summers. We will show you how long it may take to break even on your investment, making the switch to solar a smart and cost-effective choice for your home.
Summers Arkansas Weather Trends
Summers Precipitation
With 55.39 inches of precipitation in the last year, Summers Arkansas is ahead of the national average of 50.61 inches, placing it in the 60th percentile in the country. Compared to the rest of Arkansas, Summers falls slightly above the state average of 54.5 inches. By harnessing this water abundance, solar panels can still be highly effective in generating electricity even during rainy seasons or cloudy days.
Summers’s UV Rating
Summers Arkansas boasts an average UV rating of 4.82, ranking it in the 73rd percentile nationwide. Compared to the rest of Arkansas, Summers falls below the state average of 5.13. The higher UV rating indicates that Summers receives ample sunlight throughout the year, making it an ideal location for solar energy production. By harnessing this abundant sunlight, residents can significantly reduce their dependence on traditional electricity sources.
Summers’s Cloud Cover
With an average cloud cover of 37%, Summers Arkansas is below the national average of 44.46% but slightly above the state average of 38.77%. Additionally, the distribution of cloud cover days in Summers allows for a good balance of sunny and cloudy days, providing consistent opportunities for solar energy production. By taking advantage of the clear days, residents can maximize their solar panel efficiency and further reduce their carbon footprint.
Summers Arkansas Electricity Costs
Residents of Summers Arkansas pay a relatively low $0.1/kw for electricity, positioning the town in the 14th percentile nationally. Comparatively, the national average for residential electricity is $0.13/kw, while Arkansas’s average stands at $0.11/kw. By investing in solar panels, residents can significantly reduce their electricity bills over time and protect themselves from potential future price increases in traditional energy sources.
When could you expect to break even on a solar installation in Summers Arkansas?
Considering the weather and electricity costs in Summers, 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:
- Summers, Arkansas receives slightly more precipitation than the national average, but it still has enough sunlight for solar panels to work effectively.
- The UV ratings in Summers are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Summers is lower than the national average, allowing for more sunlight to hit the solar panels.
Now, let’s consider the electricity costs:
- Residents in Summers, Arkansas pay less for electricity compared to the national average, at $0.10/kw.
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 on electricity bills.
- With the lower electricity rates in Summers, Arkansas, the savings will add up over time.
After crunching the numbers, it looks like it would take around 8 years to cover the initial cost of the solar panels. This means that after 8 years, the money saved on electricity bills will start to pay off the investment. Given that solar panels can last between 25 and 30 years, there will be many years of savings and benefits to enjoy after the initial investment is recouped. It’s not only a smart financial decision but also a green choice for the environment!
Investing in solar power in Summers Arkansas
After analyzing the weather trends and electricity costs in Summers, Arkansas, it is clear that investing in solar panels can be a financially wise decision for residents. With abundant sunlight and lower electricity rates, solar panels can help homeowners save money on their electricity bills. Based on our calculations, it would take approximately 8 years to break even on the initial investment, with many more years of savings and benefits to enjoy thereafter. Making the switch to solar not only makes financial sense but also contributes to a greener and more sustainable environment for the future.