Overview
If you live in Taylor Arkansas, installing solar panels on your home can save you money in the long run. By analyzing weather data and electricity costs specific to Taylor, we have calculated that a solar system can pay for itself within a certain number of years. This article will break down the financial benefits of going solar in Taylor, showing you how much you can save on your electricity bills and how quickly you can recoup your initial investment.
Taylor Arkansas Weather Trends
Taylor Precipitation
With Taylor Arkansas receiving 50.92 inches of precipitation in the last year, it falls right around the national average of 50.61 inches. Compared to the rest of Arkansas where the average is 54.5 inches, Taylor sees slightly less rainfall. By utilizing solar panels, residents can take advantage of the sun even in a moderately rainy climate, making it a viable option for converting to renewable energy.
Taylor’s UV Rating
With an average UV rating of 5.48, Taylor Arkansas is in a prime position to harness solar energy efficiently. Ranking in the 88th percentile nationally and the 92nd percentile in Arkansas, Taylor receives more sun exposure compared to many other states. This means that installing solar panels in Taylor can result in higher energy production, leading to greater savings on electricity bills in the long run.
Taylor’s Cloud Cover
With an average of 37% cloud cover, Taylor Arkansas experiences relatively clear skies throughout the year. This puts Taylor in the 16th percentile nationally and the 6th percentile in Arkansas, indicating that there are plenty of sunny days suitable for solar energy generation. With over 150 days of low cloud cover, Taylor residents can benefit significantly from installing solar panels on their homes.
Taylor Arkansas Electricity Costs
Residents in Taylor pay about $0.11/kw for electricity, which is on par with the state average of $0.11/kw but lower than the national average of $0.13/kw. By switching to solar power, Taylor residents can lock in lower electricity costs and protect themselves from future price increases. Over time, the savings from generating your own clean energy can help offset the initial investment of installing solar panels on your home.
When could you expect to break even on a solar installation in Taylor Arkansas?
Considering the weather and electricity costs in Taylor 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:
- Taylor Arkansas received slightly more precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Taylor Arkansas are higher than the national average, which is great for generating solar power.
- Cloud cover in Taylor Arkansas is lower than the national average, with a mix of sunny and cloudy days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Taylor Arkansas pay slightly less for electricity compared to the national average, which can impact the savings from using solar power.
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 you need to buy from the grid.
- With Taylor Arkansas’s lower electricity rates, the savings are not as high as in other areas, but still significant.
After crunching the numbers, it looks like it would take around 8-10 years to cover the initial cost of the solar panels. That means, after 8-10 years, the money you save on electricity bills will start to add up and pay off the investment. And don’t forget, solar panels last for decades, so you’ll be enjoying those savings for many years to come. It’s a wise investment that pays off in the long run!
Investing in solar power in Taylor Arkansas
In Taylor, Arkansas, installing solar panels can be a smart financial move. With the right weather conditions and electricity costs, residents can expect to break even on their investment in about 8-10 years. This means that after this initial period, the savings on electricity bills will continue to accumulate, making solar power a viable and cost-effective option for Taylor homeowners. By harnessing the power of the sun, residents can not only save money but also contribute to a more sustainable future for their community.