Overview
Living in Liverpool, Illinois, you may be wondering if solar panels are a smart investment for your home. By analyzing weather data and electricity costs specific to our area, we can show you the financial benefits of installing a solar system. With a breakdown of costs and estimated time to break even, you can see how going solar can save you money in the long run.
Liverpool Illinois Weather Trends
Liverpool Precipitation
In the last year, Liverpool, Illinois received 45.74 inches of precipitation, ranking it in the 39th percentile in the nation and the 65th percentile in Illinois. Compared to the national average of 50.61 inches and Illinois’s average of 45.69 inches, Liverpool experiences slightly less precipitation. With a more moderate amount of rain, installing solar panels can be a reliable and efficient way to harness the sun’s energy.
Liverpool’s UV Rating
In the last year, Liverpool, Illinois had an average UV rating of 4.31, placing it in the 59th percentile in the nation and the 70th percentile in Illinois. With an average max UV rating of 4.66, Liverpool ranks lower than the national average of 4.29 and Illinois’s average of 4.21. Despite slightly lower UV ratings, Liverpool still receives ample sunlight, making it a favorable location for solar panel installation.
Liverpool’s Cloud Cover
In the last year, Liverpool, Illinois had an average of 42% cloud cover, positioning it in the 38th percentile in the nation and the 28th percentile in Illinois. With a lower cloud cover than the national average of 44.46% and Illinois’s average of 44.03%, Liverpool offers clearer skies for solar energy production. The consistent sunlight makes Liverpool an ideal location for maximizing the efficiency of solar panels.
Liverpool Illinois Electricity Costs
Liverpool, Illinois residents pay about $0.1/kw for electricity, placing them in the 6th percentile in the nation and the 4th percentile in Illinois. While the national average for residential electricity is $0.13/kw and Illinois’s average is $0.12/kw, Liverpool enjoys lower electricity costs. By investing in solar panels, homeowners can significantly reduce their electricity bills and save money in the long run.
When could you expect to break even on a solar installation in Liverpool Illinois?
Considering the weather and electricity costs in Liverpool, Illinois, 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:
- Liverpool gets slightly less rain than the national average, and it has good UV ratings for solar power generation.
- Cloud cover varies throughout the year but is close to the national average.
Now, let’s consider the electricity costs:
- Residents in Liverpool pay less for electricity compared to the national average, which means potentially less 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 system generates electricity, reducing the amount needed from the grid, which can lead to savings on electricity bills.
- Since Liverpool has lower electricity rates, the savings may be slightly lower compared to areas with higher rates.
After crunching the numbers, it looks like it could take around 5 to 6 years to cover the initial cost of the solar panels. That means, after this period, the money saved on electricity bills will start to accumulate and pay off the investment. Remember, solar panels have a long lifespan, so you will continue to save money for many years beyond the break-even point. Investing in solar power is a smart way to save money and contribute to a cleaner environment!
Investing in solar power in Liverpool Illinois
Installing solar panels in Liverpool, Illinois can be a smart investment for homeowners. With slightly lower precipitation and good UV ratings, Liverpool offers favorable conditions for solar energy production. Additionally, with lower electricity costs compared to national averages, residents can see significant savings on their bills. By investing in a solar system, homeowners can expect to break even on the initial cost in about 5 to 6 years. Beyond that point, the savings will continue to accumulate, making solar power a financially beneficial choice in the long run. Not only will you save money, but you will also be contributing to a cleaner environment by utilizing renewable energy sources.