Overview
Are you a Wakefield Louisiana resident looking to save money on your electricity bill? Installing solar panels on your home might be the perfect solution! In this article, we will break down the financial benefits of investing in a solar system, using weather data specific to Wakefield Louisiana. By analyzing the cost of electricity, average weather conditions, and the potential savings, you will see how quickly you can break even on your investment and start saving money in the long run.
Wakefield Louisiana Weather Trends
Wakefield Precipitation
With Wakefield Louisiana receiving 53.04 inches of precipitation in the last year, it falls slightly above the national average of 50.61 inches. Compared to the rest of Louisiana, Wakefield is also above the state average of 52.6 inches. Despite being in the lower percentiles nationally and within Louisiana, the amount of precipitation in Wakefield is sufficient to support the generation of solar energy.
Wakefield’s UV Rating
Wakefield Louisiana boasts an average UV rating of 5.74, ranking it significantly higher than the national average of 4.29. In comparison to the rest of Louisiana, Wakefield’s UV rating is above the state average of 5.69. Additionally, with Wakefield’s average max UV rating of 6.13, it indicates that there is an abundance of sunlight available for harnessing solar energy.
Wakefield’s Cloud Cover
Wakefield Louisiana experiences an average cloud cover of 40%, slightly below the national average of 44.46%. Compared to the rest of Louisiana, Wakefield’s cloud cover aligns closely with the state average of 40.63%. Additionally, with a varying number of days with different levels of cloud cover, Wakefield offers consistent opportunities for solar energy generation throughout the year.
Wakefield Louisiana Electricity Costs
Residents of Wakefield only pay about $0.1 per kilowatt-hour for electricity, which is lower than the national average of $0.13/kw. While falling in the 33rd percentile in Louisiana for electricity costs, Wakefield is well below the state average of $0.1/kw. By investing in solar panels, Wakefield residents can take advantage of the abundant sunlight and relatively low electricity costs to save money in the long run.
When could you expect to break even on a solar installation in Wakefield Louisiana?
Considering the weather and electricity costs in Wakefield Louisiana, 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:
- Wakefield Louisiana gets slightly more rain than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Wakefield Louisiana are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Wakefield Louisiana is slightly lower than the national average, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Wakefield Louisiana pay less for electricity compared to the national average, which means potential savings with 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 solar system generates electricity, reducing the amount needed from the grid and resulting in savings.
- With lower electricity rates in Wakefield Louisiana, the savings will still accumulate over time.
After analyzing the data, it appears that it would take approximately 6 years to cover the initial cost of the solar panels in Wakefield Louisiana. This means that after 6 years, the money saved on electricity bills will surpass the initial investment. Considering the longevity of solar panels, you will continue to benefit from these savings for many years ahead, making it a wise financial and environmental choice!
Investing in solar power in Wakefield Louisiana
After analyzing the weather trends and electricity costs in Wakefield, Louisiana, it is evident that investing in solar panels can be a financially beneficial decision for residents. With ample sunlight, relatively low electricity costs, and the potential for long-term savings, installing a solar system could lead to significant financial gains. In fact, based on our analysis, it would take approximately 6 years to break even on the initial cost of the solar panels, after which residents can enjoy continued savings on their electricity bills. By harnessing the power of the sun, Wakefield residents can not only save money but also contribute to a more sustainable and eco-friendly future. Consider making the switch to solar energy and start saving today!