Overview
Are you a homeowner in Peoria, Illinois looking to save money on your electricity bills? Installing solar panels could be the answer you’ve been looking for. By analyzing weather data and electricity costs specific to Peoria, we will demonstrate the financial benefits of switching to solar energy. With information on precipitation levels, UV ratings, cloud cover, and estimated system costs, you’ll see just how quickly you can recoup your investment and start enjoying the long-term savings of solar power.
Peoria Illinois Weather Trends
Peoria Precipitation
With Peoria receiving 42.23 inches of precipitation in the last year, it falls below both the national and Illinois averages. By choosing to install solar panels, residents can take advantage of the sunny days to generate their own electricity, reducing their reliance on the grid and saving money in the long run.
Peoria’s UV Rating
Peoria’s average UV rating of 4.17 places it in the middle percentiles across the nation and in Illinois. With ample sunlight available, homeowners in Peoria can harness the power of solar energy to lower their electricity bills and make a positive impact on the environment without compromising on reliability or effectiveness.
Peoria’s Cloud Cover
Peoria’s average of 42% cloud cover is slightly below the national and state averages. With a significant number of days with clear skies, homeowners in Peoria have the opportunity to maximize their solar energy production and decrease their carbon footprint, all while enjoying reduced electricity costs and greater energy independence.
Peoria Illinois Electricity Costs
At $0.1/kw, Peoria residents pay less for electricity compared to the national and Illinois averages. By investing in solar panels, homeowners can take control of their energy expenses and lock in savings for years to come, all while contributing to a more sustainable future for their community and beyond.
When could you expect to break even on a solar installation in Peoria Illinois?
Considering the weather and electricity costs in Peoria, 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:
- Peoria gets slightly less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Peoria are lower than the national average, but still decent for generating solar power.
- Cloud cover in Peoria is about average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Peoria pay a bit 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 Peoria’s lower electricity rates, the savings may not be as high as in other locations, but it’s still a significant benefit.
After analyzing the numbers, it appears that it would take around 8-10 years to cover the initial cost of the solar panels in Peoria. This means, after 8-10 years, the money saved on electricity bills will start to exceed the initial investment. Considering the long lifespan of solar panels, these savings will continue for many more years, making it a wise financial and environmental choice.
Investing in solar power in Peoria Illinois
Installing solar panels in Peoria, Illinois can be a smart financial decision for homeowners looking to save money on electricity bills. By taking advantage of the city’s lower precipitation levels, moderate UV ratings, and clear skies, residents can generate their own renewable energy and reduce their reliance on the grid. With electricity costs in Peoria being below the national average, the investment in solar panels can pay off in as little as 8-10 years, providing long-term savings and a more sustainable future. Making the switch to solar power in Peoria is not only good for your wallet but also for the environment.