Overview
Living in Maryville, Illinois, presents a great opportunity to save money by installing solar panels on your home. By taking a look at the weather data and electricity costs for the area, we can demonstrate how quickly you can break even on your investment in solar energy. With the financial benefits in mind, let’s explore how solar panels can help you save money in the long run.
Maryville Illinois Weather Trends
Maryville Precipitation
With Maryville, Illinois receiving 54.17 inches of precipitation in the last year, it is clear that the area gets a fair amount of rainfall. Compared to the rest of the country, Maryville falls slightly above the national average of 50.61 inches, ranking in the 57th percentile. In Illinois, Maryville is well above the state’s average of 45.69 inches, placing it in the 87th percentile. This means that Maryville residents can benefit from ample rainfall to help keep their solar panels clean and operating efficiently.
Maryville’s UV Rating
In terms of UV ratings, Maryville, Illinois boasts an average rating of 4.53. This places Maryville in the 65th percentile nationally and the 86th percentile within the state of Illinois. Compared to the national average of 4.29, and Illinois’s average of 4.21, Maryville experiences higher UV exposure, making it an excellent location for solar panel installations. In addition, with an average max UV rating of 4.95, Maryville receives even more sunlight, further enhancing the efficiency of solar panels in the area.
Maryville’s Cloud Cover
With an average of 40% cloud cover in the last year, Maryville, Illinois enjoys relatively clear skies. Ranking in the 27th percentile nationally and the 9th percentile within the state, Maryville experiences less cloud cover compared to the national average of 44.46% and Illinois’s average of 44.03%. This means that residents can expect more sunny days, providing ample sunlight for their solar panels to generate electricity efficiently throughout the year.
Maryville Illinois Electricity Costs
Residents in Maryville, Illinois pay approximately $0.1/kw for electricity, making it one of the most affordable locations in the nation and the state. Compared to the national average of $0.13/kw and Illinois’s average of $0.12/kw, Maryville offers significantly lower electricity costs. By installing solar panels, residents can further reduce their dependency on the grid and potentially even generate excess electricity to sell back, ultimately saving more money in the long run.
When could you expect to break even on a solar installation in Maryville Illinois?
Considering the weather and electricity costs in Maryville, 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:
- Maryville gets slightly more precipitation than the national average, but it still has a good amount of sunshine for solar panels to work effectively.
- The UV ratings in Maryville are slightly higher than the national average, making it a good location for generating solar power.
- Cloud cover in Maryville is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Maryville pay less for electricity compared to the national average, which is a good saving opportunity.
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, providing long-term value.
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 solar system generates electricity, reducing the need to purchase as much from the grid.
- With Maryville’s lower electricity rates, the savings can add up over time.
After crunching the numbers, it looks like it would take around 7 to 8 years to cover the initial cost of the solar panels. This means that after this period, the money saved on electricity bills will begin to exceed the initial investment. Plus, since solar panels have a long lifespan, you’ll continue to benefit from these savings for many years to come. It’s a smart financial decision that also contributes to a cleaner environment!
Investing in solar power in Maryville Illinois
Living in Maryville, Illinois provides an excellent opportunity to save money by installing solar panels on your home. With the area’s high UV ratings, low cloud cover, and affordable electricity costs, residents can expect to break even on their solar panel investment in about 7 to 8 years. After this period, the savings on electricity bills will begin to surpass the initial installation cost, allowing homeowners to benefit financially for many more years. Embracing solar energy not only makes sense for your wallet but also contributes to a cleaner environment. It’s a win-win situation that Maryville residents should consider!