Overview
This article showcases the financial benefits of installing solar panels on your Bloomington Wisconsin home. By analyzing weather data and electricity costs, we will demonstrate how much money you can save over time by utilizing solar energy. Get ready to discover the potential cost savings and estimate how quickly you can recoup your investment in a solar system for your home.
Bloomington Wisconsin Weather Trends
Bloomington Precipitation
In the last year, Bloomington Wisconsin received 42.34 inches of precipitation. While this puts Bloomington in the 32nd percentile in the nation, it is above the Wisconsin average of 40.57 inches. With lower precipitation levels compared to the national average of 50.61 inches, Bloomington proves to be a suitable location for solar energy generation.
Bloomington’s UV Rating
With an average UV rating of 3.65, Bloomington Wisconsin falls below the national average of 4.29. However, compared to the Wisconsin average of 3.51, Bloomington ranks higher in UV exposure. The average maximum UV rating of 3.92 positions Bloomington ahead of the state’s average of 3.7, showcasing the potential for efficient solar panel performance.
Bloomington’s Cloud Cover
Boasting an average of 50% cloud cover, Bloomington Wisconsin ranks above the national average of 44.46%. However, compared to the Wisconsin average of 49.97%, Bloomington experiences slightly lower cloud cover. With a balanced distribution of days varying in cloud cover percentages, Bloomington offers consistent solar energy generation opportunities throughout the year.
Bloomington Wisconsin Electricity Costs
Residents of Bloomington pay about $0.14/kw for electricity, slightly above the national average of $0.13/kw. However, compared to Wisconsin’s average of $0.14/kw, Bloomington showcases competitive electricity rates. By investing in solar panels, residents can offset their electricity costs and take advantage of potential long-term savings in this favorable pricing environment.
When could you expect to break even on a solar installation in Bloomington Wisconsin?
Considering the weather and electricity costs in Bloomington Wisconsin, 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:
- Bloomington Wisconsin receives slightly less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings are slightly lower than the national average, but still effective for generating solar power.
- The cloud cover in Bloomington Wisconsin is slightly higher than the national average, with varying degrees of cloudiness throughout the year.
Now, let’s consider the electricity costs:
- Residents in Bloomington Wisconsin pay slightly more 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, reducing the amount purchased from the grid.
- With Bloomington Wisconsin’s higher electricity rates, the savings are significant.
After analyzing the data, it looks like it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will begin to outweigh the initial investment. Since solar panels have a lifespan of 25 to 30 years, you will continue to save money for many years beyond the break-even point. Investing in solar panels is both financially beneficial and environmentally friendly in the long run.
Investing in solar power in Bloomington Wisconsin
Investing in solar panels for your Bloomington Wisconsin home can lead to significant cost savings over time. By analyzing the weather trends and electricity costs in the area, it is evident that utilizing solar energy can provide a favorable return on investment. With the potential to break even on the initial cost of installation in approximately 6 years, and the system lasting 25 to 30 years, solar panels offer both financial benefits and a commitment to sustainability for the long term.