Overview
Are you a Riverton Illinois resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data and electricity costs specific to Riverton, we can show you how a solar system will not only reduce your carbon footprint but also pay for itself in a reasonable amount of time. Let’s break down the numbers and see how much you stand to save by making the switch to solar energy.
Riverton Illinois Weather Trends
Riverton Precipitation
With 45.82 inches of precipitation in the last year, Riverton Illinois is in the 40th percentile in the nation and the 65th percentile in Illinois. While Riverton receives slightly less rain compared to the national average of 50.61 inches, it still falls within a reasonable range. By harnessing solar energy, you can take advantage of the sun even during rainy days and decrease your dependence on traditional energy sources.
Riverton’s UV Rating
Riverton Illinois had an average UV rating of 4.32, putting it in the 59th percentile in the nation and the 71st percentile in Illinois. This means that Riverton experiences a moderate amount of sunlight throughout the year, making it an ideal location for solar panel installation. By tapping into this natural resource, you can significantly reduce your electricity bills and contribute to a greener environment.
Riverton’s Cloud Cover
With an average of 41% cloud cover, Riverton Illinois is in the 35th percentile in the nation and the 23rd percentile in Illinois. This indicates that Riverton enjoys relatively clear skies, especially compared to the national average of 44.46% cloud cover. By opting for solar panels, you can capitalize on the abundant sunshine in Riverton and generate clean, renewable energy for your home.
Riverton Illinois Electricity Costs
Residents of Riverton pay about $0.13/kw for electricity, placing the town in the 67th percentile in the nation and the 54th percentile in Illinois. Although the cost is on par with the national average, installing solar panels can help you offset these expenses in the long run. With Illinois’s average residential electricity cost at $0.12/kw, making the switch to solar energy can lead to significant savings on your utility bills.
When could you expect to break even on a solar installation in Riverton Illinois?
Considering the weather and electricity costs in Riverton, 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:
- Riverton gets slightly less rain than the national average, which is good for solar panels.
- The UV ratings in Riverton are close to the national average, making it suitable for generating solar power.
- Cloud cover in Riverton is slightly lower than the national average, which is beneficial for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Riverton pay the national average price for electricity.
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.
- With average electricity rates, the savings are consistent over time.
After crunching the numbers, it looks like it would take around 5-7 years to cover the initial cost of the solar panels. This means that after that period, the money saved on electricity bills will start to accumulate and pay off the investment. And since solar panels have a long lifespan, the savings will continue for many years. It’s a smart way to save money and contribute to a sustainable environment!
Investing in solar power in Riverton Illinois
Overall, installing solar panels in Riverton, Illinois can be a smart investment that not only reduces your carbon footprint but also saves you money in the long run. By taking advantage of the moderate sunlight, relatively low cloud cover, and average electricity costs in Riverton, a solar system could pay for itself in approximately 5-7 years. After that, the savings on your electricity bills will continue to accumulate for many years to come, making it a worthwhile choice for your home and the environment.