Overview
In sunny Bement, Illinois, installing solar panels on your home can lead to significant financial savings. By analyzing weather data and electricity costs, we can estimate how long it will take for a solar system to pay for itself. With the cost of solar panels steadily decreasing and the abundance of sunshine in Bement, residents can expect to see a return on their investment in a relatively short amount of time.
Bement Illinois Weather Trends
Bement Precipitation
In the last year, Bement Illinois received 41.56 inches of precipitation, which is below the national and state averages. With less rainfall compared to other areas, Bement is an ideal location for solar panel installation since fewer cloudy days mean more sunlight for energy production.
Bement’s UV Rating
Last year, Bement Illinois had an average UV rating of 4.12, putting it in the middle of the pack nationally and within the state. With decent UV ratings, Bement residents can harness the power of the sun effectively with solar panels, ensuring a reliable source of renewable energy for their homes.
Bement’s Cloud Cover
With an average of 47% cloud cover in the last year, Bement Illinois experiences fewer cloudy days compared to the national and state averages. This means that solar panels in Bement will receive more sunlight throughout the year, maximizing energy production and potential cost savings for residents.
Bement Illinois Electricity Costs
Residents in Bement pay about $0.13/kw for electricity, which is slightly above the national average but still lower than the state average. By investing in solar panels, Bement residents can reduce their reliance on traditional energy sources, lower their monthly electricity bills, and ultimately save money in the long run.
When could you expect to break even on a solar installation in Bement Illinois?
Considering the weather and electricity costs in Bement 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:
- Bement Illinois receives slightly less precipitation than the national average, which is great for solar panel efficiency.
- The UV ratings are slightly lower than the national average, but still suitable for generating solar power.
- The cloud cover in Bement Illinois is slightly higher than the national average, so there may be fluctuations in solar panel performance throughout the year.
Now, let’s consider the electricity costs:
- Residents in Bement Illinois pay about the national average for electricity, which is beneficial for calculating savings from 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 to be purchased from the grid, resulting in savings.
- Considering the electricity rates in Bement Illinois, the savings can accumulate over time.
After analyzing the data, it appears that it would take approximately 4-6 years to cover the initial cost of the solar panels. This means that after this period, the money saved on electricity bills will start to offset the investment. Since solar panels can last for 25-30 years, the long-term benefits of saving money and reducing environmental impact are significant. It’s a wise financial and eco-friendly choice that pays off in the long run!
Investing in solar power in Bement Illinois
With the sunny weather and slightly above average electricity costs in Bement Illinois, investing in solar panels can lead to significant financial benefits for residents. By analyzing the data, we can estimate that it would take approximately 4-6 years to cover the initial cost of the solar system. This means that after this period, residents can start saving money on electricity bills and enjoy the long-term benefits of renewable energy. With the decreasing cost of solar panels and abundant sunshine in Bement, investing in solar power is a wise choice that pays off both financially and environmentally in the long run.