Overview
Are you tired of high electricity bills and looking for a way to save money in the long run? Look no further than solar panels! In this article, we will break down the cost of a solar system for your home in Fisher, Illinois, and estimate how long it will take for you to break even on your investment. With favorable weather conditions and financial incentives, installing solar panels can be a cost-effective solution for reducing your monthly expenses and increasing your home’s value.
Fisher Illinois Weather Trends
Fisher Precipitation
With Fisher, Illinois receiving 38.58 inches of precipitation in the last year, it falls in the 25th percentile in the nation and the 10th percentile in Illinois. Comparatively, the national average for total precipitation is 50.61 inches, and Illinois’s average is 45.69 inches. Despite not being the rainiest place, Fisher still receives enough precipitation to benefit from solar panels.
Fisher’s UV Rating
Fisher, Illinois had an average UV rating of 4.06 in the last year, placing it in the 48th percentile in the nation and the 43rd percentile in Illinois. The national average for average UV rating is 4.29, while Illinois’s average is 4.21. Additionally, Fisher had an average max UV rating of 4.38, ranking it in the 42nd percentile across the country and the state. These ratings show that Fisher enjoys a favorable amount of sunshine, ideal for solar energy production.
Fisher’s Cloud Cover
Over the last year, Fisher, Illinois maintained an average of 45% cloud cover, positioning it in the 53rd percentile nationally and the 58th percentile in Illinois. In comparison, the national average for average cloud cover is 44.46%, while Illinois’s average is 44.03%. Despite some cloud cover days, Fisher still had a significant number of clear days, making it a suitable location for solar panel installation.
Fisher Illinois Electricity Costs
In Fisher, Illinois, residents pay approximately $0.12/kw for electricity, placing it in the 54th percentile nationwide and the 28th percentile within the state. The national average for residential electricity rates is slightly higher at $0.13/kw, while Illinois’s average matches Fisher at $0.12/kw. With lower electricity costs in Fisher compared to many parts of the country, investing in solar panels can lead to substantial long-term savings on your energy bills.
When could you expect to break even on a solar installation in Fisher Illinois?
Considering the weather and electricity costs in Fisher 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:
- Fisher Illinois receives less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Fisher Illinois are slightly lower than the national average, but still suitable for generating solar power effectively.
- Cloud cover in Fisher Illinois is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Fisher Illinois pay slightly less for electricity compared to the national average, which can affect the savings from 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 and saving costs.
- With Fisher Illinois’ electricity rates, the savings may take longer to cover the initial cost compared to areas with higher rates.
After analyzing the data, it appears that it could take around 6-7 years to recover the initial investment in solar panels in Fisher Illinois. This means that after this period, the money saved on electricity bills will start to accumulate and pay off the investment. Plus, with solar panels lasting for decades, the long-term savings and benefits make it a wise choice for residents looking to save money and support sustainable energy practices.
Investing in solar power in Fisher Illinois
After analyzing the data, it appears that it could take around 6-7 years to recover the initial investment in solar panels in Fisher, Illinois. This means that after this period, the money saved on electricity bills will start to accumulate and pay off the investment. Plus, with solar panels lasting for decades, the long-term savings and benefits make it a wise choice for residents looking to save money and support sustainable energy practices.