Overview
In Summerfield Illinois, installing solar panels on your home can lead to significant financial benefits. With an average of 195 sunny days and 37 inches of precipitation each year, harnessing the power of the sun can help you save on your electricity costs. By analyzing the weather data and electricity rates in Summerfield, we can estimate how long it will take for a solar system to pay for itself. Let’s explore the cost savings and advantages of going solar in Summerfield Illinois.
Summerfield Illinois Weather Trends
Summerfield Precipitation
With 50.06 inches of precipitation in the last year, Summerfield Illinois falls in the 48th percentile in the nation and the 79th percentile in Illinois. Compared to the national average of 50.61 inches and Illinois’s average of 45.69 inches, Summerfield’s precipitation levels make it an ideal location for harnessing solar power.
Summerfield’s UV Rating
Summerfield Illinois boasts an average UV rating of 4.5, ranking it in the 64th percentile in the nation and the 83rd percentile in Illinois. With an average max UV rating of 4.88, Summerfield is positioned well for solar energy production. Compared to the national averages of 4.29 and 4.61, as well as Illinois’s averages of 4.21 and 4.53, the potential for solar energy generation in Summerfield is evident.
Summerfield’s Cloud Cover
In the last year, Summerfield Illinois had an average of 40% cloud cover, placing it in the 27th percentile in the nation and the 8th percentile in Illinois. With a significant number of days featuring minimal cloud cover, residents can take advantage of the sun’s energy for a large portion of the year. This favorable cloud cover, compared to the national average of 44.46% and Illinois’s average of 44.03%, makes Summerfield an excellent location for solar panel installation.
Summerfield Illinois Electricity Costs
Residents of Summerfield Illinois benefit from affordable electricity costs, at about $0.1/kw. This places Summerfield in the 6th percentile in the nation and the 4th percentile in Illinois. In comparison, the national average for residential electricity is $0.13/kw, while Illinois’s average is $0.12/kw. By installing solar panels, residents can further reduce their electricity bills and take advantage of the ample sunlight available in Summerfield.
When could you expect to break even on a solar installation in Summerfield Illinois?
Considering the weather and electricity costs in Summerfield 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:
- Summerfield Illinois receives almost the same amount of precipitation as the national average, which is good for water conservation.
- The UV ratings in Summerfield Illinois are higher than the national average, making it an ideal location for solar power generation.
- Cloud cover in Summerfield Illinois is lower than the national average, especially on days with clear skies.
Now, let’s consider the electricity costs:
- Residents in Summerfield Illinois pay slightly less for electricity compared to the national average, which could impact 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 needed from the grid and saving money on electricity bills.
- With lower electricity rates in Summerfield Illinois, the savings might not be as high as in other locations.
After running the numbers, it looks like it would take around 6 years to cover the initial cost of the solar panels in Summerfield Illinois. This means that after 6 years, the savings on electricity bills will begin to surpass the initial investment. Remember, solar panels have a long lifespan, so the savings will continue for many years after breaking even. Investing in solar panels is a wise financial decision that benefits both your wallet and the environment!
Investing in solar power in Summerfield Illinois
Installing solar panels in Summerfield Illinois is a smart decision that can offer significant financial benefits. With ample sunshine and lower-than-average electricity costs, residents can expect to break even on their investment in about 6 years. Beyond that point, the savings on electricity bills will continue for many more years, making solar panel installation a wise financial choice that also benefits the environment. If you live in Summerfield Illinois, harnessing solar power could be a great way to save money and reduce your carbon footprint!