Overview
Are you tired of high electricity bills? Have you ever considered the financial benefits of switching to solar power in Pekin, Illinois? In this article, we will break down the cost of a solar system for your home and estimate how long it will take to break even based on weather data and electricity costs specific to your area. By the end of this article, you will see how investing in solar panels can save you money in the long run and help you make an informed decision about whether solar power is right for you.
Pekin Illinois Weather Trends
Pekin Precipitation
With Pekin receiving 46.68 inches of precipitation in the last year, which is higher than both the national average of 50.61 inches and Illinois’s average of 45.69 inches, solar panels can maximize energy production even on cloudy days.
Pekin’s UV Rating
At an average UV rating of 4.22, Pekin is well-positioned to benefit from solar energy. Pekin’s UV rating is close to the national average of 4.29, and higher than the Illinois average of 4.21. With a maximum UV rating of 4.58, there is great potential for harnessing solar power in Pekin.
Pekin’s Cloud Cover
Despite having an average of 42% cloud cover, which is lower than the national average of 44.46% and Illinois’s average of 44.03%, Pekin still experiences a significant number of clear days perfect for generating solar power. With a variety of cloud cover percentages throughout the year, there are ample opportunities to utilize solar panels effectively.
Pekin Illinois Electricity Costs
With Pekin residents paying about $0.1/kw for electricity, which is lower than the national average of $0.13/kw and Illinois’s average of $0.12/kw, investing in solar panels can significantly reduce your electric bill over time. By taking advantage of the abundant sunshine and lower electricity costs, you can save money while also benefiting the environment with clean energy.
When could you expect to break even on a solar installation in Pekin Illinois?
Considering the weather and electricity costs in Pekin 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:
- Pekin Illinois receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Pekin Illinois are close to the national average, indicating good conditions for generating solar power.
- Cloud cover in Pekin Illinois is slightly below the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Pekin Illinois pay a bit less for electricity compared to the national average, which can affect the savings from using 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 purchased from the grid.
- With Pekin Illinois’ lower electricity rates, the savings may take longer to cover the initial cost.
After analyzing the data, it looks like it would take around X years to cover the initial cost of the solar panels. This means, after X years, the money saved on electricity bills will begin to accumulate and pay off the investment. Since solar panels have a long lifespan, you will continue to enjoy these savings for many years thereafter. It’s a wise investment that can help you save money while contributing to a greener environment!
Investing in solar power in Pekin Illinois
After analyzing the data on weather trends and electricity costs in Pekin, Illinois, it is clear that investing in solar panels can be a smart financial decision. With Pekin receiving slightly less precipitation than the national average, having favorable UV ratings, and experiencing lower than average cloud cover, the conditions are ideal for solar energy production. Additionally, residents in Pekin pay lower electricity costs compared to the national average, making the potential savings from solar power even greater. Based on these factors, it is estimated that it would take around X years to break even on the initial cost of installing solar panels. This investment not only leads to long-term savings on electricity bills but also helps contribute to a cleaner, greener environment. Consider the benefits of solar power and make an informed decision for your home!