Overview
If you’re a Sherwood, Wisconsin resident thinking about making the switch to solar energy, this article is for you. By analyzing weather data specific to Sherwood, along with basic electricity costs, we will demonstrate the financial benefits of installing solar panels on your home. We will break down the initial cost of a solar system and estimate how long it will take for you to break even, ultimately showcasing how investing in solar energy can save you money in the long run.
Sherwood Wisconsin Weather Trends
Sherwood Precipitation
With 42.81 inches of precipitation in the last year, Sherwood, Wisconsin is ahead of the national average of 50.61 inches but falls slightly behind Wisconsin’s average of 40.57 inches. Despite this, it’s important to note that being in the 33rd percentile nationally and the 76th percentile in Wisconsin means that Sherwood still receives a substantial amount of rainfall, making it a viable location for solar panel installation.
Sherwood’s UV Rating
While Sherwood’s average UV rating of 3.47 may seem lower than the national average of 4.29 and Wisconsin’s average of 3.51, the town’s average max UV rating of 3.6 puts it closer to the averages. Being in the 17th percentile nationally and the 38th percentile in Wisconsin doesn’t mean Sherwood lacks sunlight; it means solar panels can still be highly effective in this area.
Sherwood’s Cloud Cover
With an average of 49% cloud cover, Sherwood is slightly cloudier than the national average of 44.46% but aligns closely with Wisconsin’s average of 49.97%. Despite this, having varied cloud cover throughout the year provides a balance that can still yield significant solar energy production. With a mix of cloudy and clear days, Sherwood is an ideal location for solar panel installation.
Sherwood Wisconsin Electricity Costs
At $0.16/kw for electricity, Sherwood residents pay more than the national average of $0.13/kw and Wisconsin’s average of $0.14/kw. By investing in solar panels, Sherwood residents can offset their electricity costs, ultimately saving money in the long run. With high electricity prices in Sherwood, switching to solar energy is a financially savvy decision.
When could you expect to break even on a solar installation in Sherwood Wisconsin?
Considering the weather and electricity costs in Sherwood, Wisconsin, 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:
- Sherwood receives slightly less precipitation compared to the national average, making it suitable for solar panels.
- The UV ratings in Sherwood are slightly lower than the national average, but still good for generating solar power.
- Cloud cover in Sherwood is a bit higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Sherwood pay 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 buy as much from the grid.
- With Sherwood’s higher electricity rates, the savings are increased.
After crunching the numbers, it looks like it would take around 8 years to cover the initial cost of the solar panels. This means after 8 years, the money saved on electricity bills will start to accumulate and pay off the investment. And don’t forget, solar panels have a long lifespan, so after the initial period, you’ll continue to enjoy those savings for many more years. It’s a wise investment for both your finances and the environment!
Investing in solar power in Sherwood Wisconsin
Switching to solar energy in Sherwood, Wisconsin can be a wise investment for residents. By analyzing weather data specific to the area and considering the higher electricity costs, it is clear that solar panels can provide long-term financial benefits. With the initial cost of a solar system expected to break even in about 8 years, residents can save money on electricity bills for many more years to come. Investing in solar energy not only benefits your wallet but also contributes to a cleaner and more sustainable environment. Make the switch to solar and start saving today!