Overview
Are you tired of high electricity bills in Elizabethtown, Illinois? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data for the area and breaking down the cost of a solar system, we can estimate how long it will take for you to start saving money and eventually break even on your investment. Read on to discover the financial benefits of going solar in Elizabethtown.
Elizabethtown Illinois Weather Trends
Elizabethtown Precipitation
With 57.01 inches of precipitation in the last year, Elizabethtown, Illinois is in the 64th percentile in the nation and the 91st percentile in Illinois. This means that Elizabethtown receives more rain compared to most areas in the country and the state. By harnessing the power of the sun through solar panels, you can take advantage of this natural resource to generate energy for your home, reducing your reliance on traditional electricity sources.
Elizabethtown’s UV Rating
Elizabethtown, Illinois had an average UV rating of 4.44 in the last year, placing it in the 63rd percentile in the nation and the 79th percentile in Illinois. This sunny climate provides a perfect environment for solar energy production. By installing solar panels on your home, you can capitalize on this abundant sunlight to generate your own clean and renewable energy, ultimately saving money on your monthly electricity bills.
Elizabethtown’s Cloud Cover
With an average of 41% cloud cover in the last year, Elizabethtown, Illinois ranks in the 33rd percentile in the nation and the 19th percentile in Illinois. This relatively low cloud cover allows for more direct sunlight to reach solar panels, maximizing their efficiency. By investing in solar energy for your home, you can take advantage of these clear skies to generate electricity and reduce your carbon footprint.
Elizabethtown Illinois Electricity Costs
Residents of Elizabethtown, Illinois pay about $0.12/kw for electricity, placing them in the 45th percentile in the nation and the 18th percentile in Illinois. With electricity costs on the lower end compared to other areas, investing in solar panels can help you further decrease your energy expenses over time. By making the switch to solar power, you can secure long-term savings on your electricity bills and contribute to a cleaner environment for future generations.
When could you expect to break even on a solar installation in Elizabethtown Illinois?
Considering the weather and electricity costs in Elizabethtown, 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:
- Elizabethtown gets more rain than the national average, but it still has plenty of sunny days for the solar panels to work effectively.
- The UV ratings in Elizabethtown are slightly higher than the national average, making it a good location for generating solar power.
- Cloud cover in Elizabethtown is slightly lower than the national average, with different levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Elizabethtown pay slightly less for electricity compared to the national average.
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, which means we don’t need to buy as much from the grid.
- With the slightly lower electricity rates in Elizabethtown, the savings are still significant.
After crunching the numbers, it looks like it would take around 6-7 years to cover the initial cost of the solar panels. That means, after 6-7 years, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in Elizabethtown Illinois
Installing solar panels in Elizabethtown, Illinois can be a smart financial decision. By taking advantage of the area’s sunny climate and lower electricity costs, you could start saving money within 6-7 years of the initial investment. With the long lifespan of solar panels, these savings will continue for many years, making it a beneficial choice for your wallet and the environment. Make the switch to solar power and watch your electricity bills decrease while reducing your carbon footprint.