Overview
In Venice, Illinois, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity cost in the area, we can demonstrate how a solar system can help you save money in the long run. With a breakdown of the costs involved and an estimate of the time it will take to break even, you can see how investing in solar power is a smart choice for your wallet.
Venice Illinois Weather Trends
Venice Precipitation
With Venice, Illinois receiving 53.12 inches of precipitation in the last year, it is evident that the area sees its fair share of rain. Compared to the national average of 50.61 inches, Venice falls slightly above, showcasing its higher level of rainfall. However, in comparison to Illinois’s average of 45.69 inches, Venice experiences more precipitation, placing it in the 86th percentile in the state. Despite this, the consistent rainfall can actually benefit solar panel efficiency by helping keep them clean and functioning optimally.
Venice’s UV Rating
When looking at Venice, Illinois’s average UV rating of 4.57, it is clear that the area receives a good amount of sunlight. This places Venice in a favorable position, ranking in the 66th percentile in the nation and the 90th percentile in Illinois. With higher UV ratings than both the national average of 4.29 and Illinois’s average of 4.21, Venice holds great potential for solar panel efficiency. The average max UV rating of 4.96 further solidifies Venice’s position as a prime location for harnessing solar energy.
Venice’s Cloud Cover
Despite Venice, Illinois having an average of 40% cloud cover in the last year, the area remains relatively clear compared to the national average of 44.46%. In Illinois, Venice is even further ahead, as it falls in the 9th percentile for cloud cover. With a significant number of days seeing minimal cloud cover, Venice provides ample opportunities for sunlight to reach solar panels, ensuring optimal energy production throughout the year.
Venice Illinois Electricity Costs
Residents of Venice, Illinois benefit from relatively low electricity costs, paying about $0.1/kw. This places Venice in the 6th percentile in the nation and the 4th percentile in Illinois, showcasing the cost-effective nature of electricity in the area. Compared to the national average of $0.13/kw and Illinois’s average of $0.12/kw, Venice stands out as a cost-efficient location for transitioning to solar power. By investing in solar panels, residents can further reduce their reliance on traditional electricity sources, ultimately saving money in the long run.
When could you expect to break even on a solar installation in Venice Illinois?
Considering the weather and electricity costs in Venice, 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:
- Venice, Illinois gets slightly more rain than the national average, but there’s still enough sun for solar panels to work effectively.
- The UV ratings in Venice are a bit higher than the national average, which is great for generating solar power.
- Cloud cover in Venice is a bit lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Venice, Illinois pay a bit less for electricity compared to the national average, which is good news for 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 need to buy from the grid.
- With Venice’s lower electricity rates, the savings may accumulate at a slightly slower rate compared to regions with higher rates.
After crunching the numbers, it looks like it would take around 5-6 years to cover the initial cost of the solar panels. This means that after that time, the money saved on electricity bills will begin accumulating and paying off the investment. And don’t forget, solar panels have a long lifespan, so you’ll continue to enjoy those savings for many years. It’s a smart way to save money and contribute to a greener environment!
Investing in solar power in Venice Illinois
Installing solar panels in Venice, Illinois can be a wise financial decision. By taking into account the weather patterns and electricity costs in the area, it is clear that solar power can lead to significant savings in the long term. With abundant sunlight, relatively low electricity costs, and the potential to break even on the initial investment in 5-6 years, switching to solar energy is a smart choice for both your wallet and the environment.