Overview
Are you looking to save money on your electric bill in Summit, Arkansas? Installing solar panels on your home could be the solution you’ve been searching for. By analyzing weather data and electricity costs specific to Summit, we will show you the potential financial benefits of switching to solar power. With a breakdown of the cost of a solar system and an estimate of how long it will take to break even, you can see just how much you stand to save in the long run.
Summit Arkansas Weather Trends
Summit Precipitation
With 52.3 inches of precipitation in the last year, Summit, Arkansas is right around the national average of 50.61 inches. While Arkansas’s average is slightly higher at 54.5 inches, Summit still falls within a range that makes it a viable location for solar panel installation. By harnessing the power of the sun despite the occasional rain showers, Summit residents can greatly benefit from switching to solar energy.
Summit’s UV Rating
With an average UV rating of 4.85, Summit, Arkansas is ahead of the national average of 4.29. Although Arkansas’s average UV rating is slightly higher at 5.13, Summit still receives ample sunlight throughout the year. The fact that Summit also boasts an average max UV rating of 5.29 further highlights the potential for solar panels to efficiently generate electricity in this area. By taking advantage of the abundant sunshine, Summit residents can significantly reduce their reliance on traditional power sources.
Summit’s Cloud Cover
With an average of 38% cloud cover in the last year, Summit, Arkansas experiences less cloudiness compared to the national average of 44.46%. Additionally, with a distribution of days across different cloud cover percentages, Summit offers a relatively clear sky for solar panels to thrive. By capitalizing on the frequent sunny days in Summit, residents can optimize the efficiency of their solar panels and generate even more energy to power their homes.
Summit Arkansas Electricity Costs
At $0.11/kw for electricity, Summit, Arkansas boasts a slightly lower rate compared to the national average of $0.13/kw. Despite being in the 79th percentile in Arkansas, Summit residents have the opportunity to save money in the long term by investing in solar panels. By making the switch to solar energy, residents can take control of their electricity costs and enjoy greater financial stability. With favorable weather conditions and competitive electricity rates, Summit is an ideal location to embrace solar power.
When could you expect to break even on a solar installation in Summit Arkansas?
Considering the weather and electricity costs in Summit 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:
- Summit Arkansas gets slightly more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Summit Arkansas are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Summit Arkansas is lower than the national average, providing more sunny days for solar panels.
Now, let’s consider the electricity costs:
- Residents in Summit Arkansas pay slightly less for electricity compared to the national average, which is $0.13/kw.
With this information in mind, let’s break down the costs:
- A standard 10kW solar system costs $20,000 to install.
- This system is expected to last between 25 and 30 years, providing long-term savings on electricity bills.
To determine how long it would take to break even on this investment, we need to calculate the annual savings from using solar power:
- Solar panels generate electricity, reducing the amount needed from the grid and saving money on electricity bills.
- Given Summit Arkansas’s lower electricity costs compared to the national average, the savings may be slightly lower but still significant.
Based on these calculations, it is estimated that it would take around 6-7 years to cover the initial cost of the solar panels. After this period, the savings on electricity bills will start to accumulate, making the investment worthwhile. Since solar panels have a lifespan of 25-30 years, there will be many years of savings and benefits beyond the break-even point. Investing in solar energy not only saves money in the long run but also contributes to a cleaner and more sustainable environment.
Investing in solar power in Summit Arkansas
Installing solar panels in Summit, Arkansas can lead to substantial long-term savings on electricity bills. With favorable weather conditions and slightly lower electricity costs compared to the national average, Summit residents have the opportunity to break even on their solar panel investment within 6-7 years. Beyond this point, the savings will continue to accumulate, providing financial benefits for years to come. Embracing solar power not only offers financial advantages but also contributes to a cleaner and more sustainable environment. Consider making the switch to solar energy in Summit and start saving today.