Overview
In Woodward, Oklahoma, installing solar panels on your home can lead to significant cost savings on electricity bills. With the ample sunlight in the region, a solar system can generate a substantial amount of energy throughout the year. By analyzing weather data and electricity costs, we can estimate how long it will take for you to break even on your investment in solar panels. Let’s take a closer look at the financial benefits of going solar in Woodward.
Woodward Oklahoma Weather Trends
Woodward Precipitation
With 40.95 inches of precipitation in the last year, Woodward Oklahoma is in the 29th percentile in the nation and the 25th percentile in Oklahoma. While this may seem relatively low compared to national and state averages, it actually works in your favor when it comes to solar energy production. Lower precipitation means fewer cloudy days, allowing for more sunlight to reach your solar panels and generate electricity efficiently.
Woodward’s UV Rating
Woodward Oklahoma boasts an average UV rating of 5.09, placing it in the 80th percentile in the nation and the 23rd percentile in Oklahoma. This high UV rating means that your solar panels will receive ample sunlight, resulting in greater energy generation. Compared to the national average of 4.29, Woodward’s UV rating is significantly higher, making it a prime location for harnessing solar power for your home.
Woodward’s Cloud Cover
With an average of 30% cloud cover in the last year, Woodward Oklahoma is in the 7th percentile in the nation and the 13th percentile in Oklahoma. This minimal cloud cover means that your solar panels will have consistent access to sunlight, maximizing their energy production potential. With 182 days of clear skies, you can rely on your solar system to generate electricity efficiently throughout the year.
Woodward Oklahoma Electricity Costs
Residents of Woodward pay about $0.11/kw for electricity, placing the city in the 19th percentile in the nation and the 41st percentile in Oklahoma. With electricity costs on par with the state average, investing in solar panels can help you offset these expenses in the long run. By producing your own clean energy, you can reduce your reliance on traditional grid electricity and lower your overall utility bills.
When could you expect to break even on a solar installation in Woodward Oklahoma?
Considering the weather and electricity costs in Woodward Oklahoma, 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:
- Woodward Oklahoma gets slightly less rain than the national average, making it a good location for solar panels to work effectively.
- The UV ratings in Woodward Oklahoma are higher than the national average, providing good conditions for generating solar power.
- Cloud cover in Woodward Oklahoma is lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Woodward Oklahoma pay less for electricity compared to the national average, making solar power a cost-effective option.
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 need to purchase from the grid.
- With lower electricity rates in Woodward Oklahoma, the savings from using solar power are significant.
After analyzing the numbers, it appears that it would take around 4-5 years to cover the initial cost of the solar panels in Woodward Oklahoma. This means that after 4-5 years, the money saved on electricity bills will begin to offset the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years after the initial cost is recovered. Investing in solar panels is a smart way to save money and contribute to a cleaner environment in Woodward Oklahoma.
Investing in solar power in Woodward Oklahoma
Installing solar panels in Woodward, Oklahoma is a wise investment that can lead to significant cost savings on electricity bills. With the ample sunlight in the region, solar systems can generate a substantial amount of energy throughout the year. By analyzing the weather data and electricity costs in Woodward, we can estimate that it would take around 4-5 years to break even on the initial investment in solar panels. After this period, the money saved on electricity bills will begin to offset the cost of the solar system. Not only does investing in solar panels provide financial benefits, but it also contributes to a cleaner environment in Woodward. Overall, going solar in Woodward is a smart decision for both your wallet and the planet.