Overview
Are you looking to save money on your electricity bills in Addison, Illinois? Installing solar panels on your home could be a smart financial decision. By analyzing weather data and electricity costs in Addison, we can show you how much you could save each year by switching to solar power. With a breakdown of the cost of a solar system and an estimate of how long it will take to break even, this article will illustrate the financial benefits of going solar in Addison.
Addison Illinois Weather Trends
Addison Precipitation
In the last year Addison Illinois received 42.13 inches of precipitation, putting it in the 31st percentile in the nation and the 32nd percentile in Illinois. While Addison may not receive as much rain as other parts of the country or Illinois, it still gets a decent amount. This means there is potential for solar panels to generate electricity even on cloudy days.
Addison’s UV Rating
In the last year, Addison Illinois had an average UV rating of 3.87, placing it in the 39th percentile in the nation and the 19th percentile in Illinois. While the UV rating in Addison may not be the highest compared to other regions, it is still sufficient for solar panels to produce electricity efficiently. With an average max UV rating of 4.09, there is plenty of sunlight available for your solar panels to harness energy.
Addison’s Cloud Cover
In the last year, Addison Illinois had an average of 46% cloud cover, which places it in the 61st percentile in the nation and the 78th percentile in Illinois. While there are some cloudy days in Addison, there are also many days with minimal cloud cover. With 108 days with between 0% and 25% cloud cover, your solar panels can still generate electricity effectively on those days.
Addison Illinois Electricity Costs
Residents of Addison Illinois pay about $0.13/kw for electricity, ranking the city in the 77th percentile in the nation and the 71st percentile in Illinois. While the electricity costs are on par with the national average, switching to solar power can help you save on your electricity bills in the long run. With Illinois having an average residential electricity cost of $0.12/kw, installing solar panels on your home can provide significant financial benefits over time.
When could you expect to break even on a solar installation in Addison Illinois?
Considering the weather and electricity costs in Addison, 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:
- Addison, Illinois, receives slightly less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Addison are slightly lower than the national average, but still sufficient for generating solar power effectively.
- Cloud cover in Addison is close to the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Addison, Illinois, pay the national average for electricity at $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 system generates electricity, reducing the need to purchase from the grid.
- With average electricity rates in Addison, Illinois, the savings are consistent.
After calculations, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels last for many years, you will continue to benefit from these savings for an extended period. Investing in solar energy is a wise choice for both saving money and contributing to environmental sustainability.
Investing in solar power in Addison Illinois
Switching to solar power in Addison, Illinois can be a beneficial financial decision. By analyzing the weather trends and electricity costs in the area, it is evident that solar panels can help you save money on your electricity bills in the long run. With the potential to break even on your investment in approximately 5 years, investing in solar energy not only provides financial benefits but also contributes to environmental sustainability. Consider making the switch to solar power to start saving money and utilizing renewable energy in Addison.