Overview
Are you a Latham Illinois resident looking to save big on your electricity bill while also helping the environment? Look no further than solar panels! In this article, we will break down the cost of a solar system for your home and estimate how long it will take for you to break even. With our data on weather patterns and average electricity costs specific to Latham Illinois, you’ll see just how much you can save by making the switch to solar power. Let’s dive in and discover the financial benefits of going solar in Latham Illinois.
Latham Illinois Weather Trends
Latham Precipitation
With Latham Illinois receiving 44.39 inches of precipitation in the last year, residents can take advantage of this fairly average weather condition. Compared to the national average of 50.61 inches, Latham falls slightly below. However, within Illinois, Latham is in a better position at the 55th percentile. By harnessing solar energy, homeowners can capitalize on the consistent precipitation levels to generate electricity and lower their utility costs.
Latham’s UV Rating
Having an average UV rating of 4.22, Latham Illinois residents are in a favorable position for solar energy production. On a national scale, Latham stands at the 55th percentile and at the 60th percentile within Illinois. With an average max UV rating of 4.53, which is above the national average, residents have an even greater potential for harnessing solar power. By utilizing solar panels, homeowners can tap into this reliable source of energy and reduce their environmental footprint.
Latham’s Cloud Cover
With an average of 43% cloud cover, Latham Illinois enjoys moderate cloud conditions that can support solar energy generation. Compared to the national average, Latham falls slightly below but fares better within Illinois at the 41st percentile. The variety of cloud cover throughout the year provides opportunities for consistent solar energy production. By investing in solar panels, residents can take advantage of these conditions to save on electricity costs and promote sustainability.
Latham Illinois Electricity Costs
At $0.13/kw for electricity, Latham Illinois residents are positioned reasonably within the national and state averages. Falling in the 71st percentile nationally and the 63rd percentile within Illinois, homeowners can benefit from affordable electricity rates. By installing solar panels, Latham residents can further decrease their reliance on traditional grid electricity and offset their energy expenses in the long run.
When could you expect to break even on a solar installation in Latham Illinois?
Considering the weather and electricity costs in Latham 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:
- Latham Illinois receives slightly less precipitation than the national average, creating good conditions for solar panels to be effective.
- The UV ratings in Latham Illinois are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in Latham Illinois is close to the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Latham Illinois pay the national average for electricity, which is $0.13/kw.
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 solar system generates electricity, reducing the amount needed from the grid.
- With the average electricity rates in Latham Illinois, the savings from using solar power will help recover the initial investment.
After calculations, it looks like it would take around 5 to 7 years to cover the initial cost of the solar panels. This means that after this period, the savings on electricity bills will start to accumulate and pay off the investment. Also, with solar panels lasting for up to 30 years, you can enjoy these savings for a long time. It’s a wise decision for both saving money and supporting green energy solutions!
Investing in solar power in Latham Illinois
By considering the weather patterns and electricity costs in Latham Illinois, it becomes clear that investing in solar panels is a financially beneficial and environmentally friendly decision. With slightly lower precipitation levels and moderate cloud cover, alongside average UV ratings, Latham provides an optimal environment for harnessing solar energy. Additionally, with electricity costs in line with national and state averages, homeowners can expect to break even on their solar panel investment within 5 to 7 years. This means that not only will residents save money on electricity bills in the long run, but they will also contribute to a more sustainable future by opting for green energy solutions. Embracing solar power in Latham Illinois is a smart choice for both economic and environmental reasons!