Overview
Are you looking to save money on your electricity bills in Ward Arkansas? Installing solar panels on your home could be a smart financial decision worth considering. By analyzing weather data and basic electricity costs, we will show you how investing in a solar system could help you break even in a reasonable amount of time. Let’s explore the potential financial benefits of going solar in Ward Arkansas.
Ward Arkansas Weather Trends
Ward Precipitation
With 57.6 inches of precipitation in the last year, Ward Arkansas stands above the national average of 50.61 inches. Compared to the rest of Arkansas, Ward falls slightly below the state average of 54.5 inches. By taking advantage of the available rainfall, installing solar panels in Ward can maximize energy production and savings. Diversifying energy sources is key to a sustainable future.
Ward’s UV Rating
Ward Arkansas boasts an average UV rating of 5.14, ranking higher than both the national average of 4.29 and the state average of 5.13. With an average max UV rating of 5.6, Ward continues to outshine the national average of 4.61. These high UV ratings present ideal conditions for solar panel efficiency, making Ward a prime location for solar energy production and cost-saving opportunities.
Ward’s Cloud Cover
Despite having an average of 37% cloud cover in the last year, Ward Arkansas falls below both the national average of 44.46% and the state average of 38.77%. With a significant number of days featuring clear skies, Ward offers ample sunlight for effective solar panel performance. Capitalizing on these clear days can lead to increased energy generation and greater long-term savings.
Ward Arkansas Electricity Costs
Residents in Ward Arkansas enjoy affordable electricity costs, with rates at approximately $0.11/kw. While this places Ward in the 19th percentile nationwide, it aligns closely with the state average of $0.11/kw. By investing in solar panels, residents can further reduce their reliance on traditional energy sources and take control of their electricity expenses. Making the switch to solar power in Ward can lead to substantial financial benefits in the long run.
When could you expect to break even on a solar installation in Ward Arkansas?
Considering the weather and electricity costs in Ward 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:
- Ward Arkansas received more precipitation than the national average, but it’s still a sunny location for effective solar panel operation.
- The UV ratings in Ward Arkansas are higher than the national average, making it great for generating solar power.
- Cloud cover in Ward Arkansas is lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Ward Arkansas pay slightly less for electricity compared to the national average.
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, which means less electricity needs to be purchased from the grid.
- With Ward Arkansas’s lower electricity rates, the savings are still significant.
After crunching the numbers, it looks like it would take around 6 years to cover the initial cost of the solar panels. This means, after 6 years, the money saved on electricity bills will start to accumulate and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be benefitting from those savings for many years to come. It’s a wise way to save money and contribute to a greener environment!
Investing in solar power in Ward Arkansas
With Ward Arkansas’s abundant sunlight and lower-than-average electricity costs, investing in solar panels can lead to significant long-term financial benefits. Analyzing the weather trends and energy expenses in Ward, it is evident that installing a solar system could result in breaking even within 6 years. This means that after this initial period, the savings on electricity bills will start to accumulate and pay off the investment. Not only does going solar in Ward make financial sense, but it also contributes to a greener and more sustainable environment. Consider the potential savings and environmental impact of solar energy for your home in Ward Arkansas.