Overview
In Wyoming, Iowa, installing solar panels on your home can provide significant financial benefits. By analyzing weather data and electricity costs specific to the area, it is clear that residents can save a substantial amount of money in the long run. With a breakdown of the cost of a solar system and an estimation of how quickly you can break even, this article will show you why going solar is a smart financial decision for Wyoming, Iowa residents.
Wyoming Iowa Weather Trends
Wyoming Precipitation
With Wyoming, Iowa receiving only 28.34 inches of precipitation in the last year, residents here have less rainfall compared to the national average of 50.61 inches and Iowa’s average of 36.9 inches. This means that Wyoming residents can rely more on the sun for their energy needs, making solar panels a viable option for sustainable living.
Wyoming’s UV Rating
Wyoming, Iowa boasts an average UV rating of 3.99, placing it in the 45th percentile nationally and the 44th percentile within Iowa. While slightly lower than the national average of 4.29 and Iowa’s average of 4.06, Wyoming still receives plenty of sunlight throughout the year, making it an excellent location for solar panel installation.
Wyoming’s Cloud Cover
Throughout the last year, Wyoming, Iowa experienced an average cloud cover of 43%, which is slightly lower than the national average of 44.46% but higher than Iowa’s average of 42.8%. With a good balance of sunny days and some cloud cover, Wyoming residents can benefit from solar energy production without worrying about overcast skies hindering their solar panels’ efficiency.
Wyoming Iowa Electricity Costs
Residents of Wyoming, Iowa pay about $0.14/kw for electricity, which is higher than the national average of $0.13/kw but on par with Iowa’s average. By making the switch to solar power, Wyoming residents can not only reduce their reliance on fossil fuels but also save money in the long run as electricity costs continue to rise.
When could you expect to break even on a solar installation in Wyoming Iowa?
Considering the weather and electricity costs in Wyoming, Iowa, 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:
- Wyoming, Iowa receives less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Wyoming, Iowa are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover is slightly below the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Wyoming, Iowa pay slightly more 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, reducing the need to purchase as much from the grid.
- Given the slightly higher electricity rates in Wyoming, Iowa, the savings from using solar power would be more significant.
After considering the data, it looks like it would take around 6-7 years to cover the initial cost of the solar panels. This means, after 6-7 years, the money saved on electricity bills will start to offset the investment. And with solar panels lasting for 25-30 years, you would continue to enjoy those savings for many years beyond the initial payback period. It’s a wise choice for both saving money and supporting the environment!
Investing in solar power in Wyoming Iowa
Installing solar panels in Wyoming, Iowa is a wise financial decision for residents looking to save money in the long run. With lower precipitation levels, favorable UV ratings, and manageable cloud cover, Wyoming provides an ideal environment for solar energy production. Additionally, with electricity costs slightly higher than the national average, transitioning to solar power can help residents cut down on their utility bills and break even on their investment in approximately 6-7 years. Not only will this investment pay off financially, but it also contributes to a more sustainable future. In conclusion, going solar in Wyoming, Iowa is a smart choice for both your wallet and the environment.