Overview
In Deerfield Illinois, installing solar panels on your home can bring significant financial benefits. With data showing an average of 37 inches of precipitation, a high average maximum UV rating, low average UV rating, and low percentage of cloud cover, solar energy production is reliable year-round. By breaking down the cost of a solar system, we estimate that residents can break even in approximately 8 years, leading to long-term savings on electricity bills.
Deerfield Illinois Weather Trends
Deerfield Precipitation
With Deerfield Illinois receiving 47.81 inches of precipitation in the last year, it falls slightly below the national average of 50.61 inches. Compared to the rest of Illinois, Deerfield is above the average of 45.69 inches. This means that Deerfield residents can expect consistent sunlight for solar energy production, helping them save on electricity bills in the long run.
Deerfield’s UV Rating
Deerfield Illinois had an average UV rating of 3.54 in the last year, placing it below the national average of 4.29. However, compared to the rest of Illinois, Deerfield ranks slightly higher despite being in the 2nd percentile. With a high average maximum UV rating of 3.63, Deerfield residents can harness more solar energy, leading to greater long-term savings on electricity costs.
Deerfield’s Cloud Cover
Deerfield Illinois had an average of 48% cloud cover in the last year, which is higher than the national average of 44.46%. Despite this, Deerfield experiences a good number of days with low cloud cover, ideal for solar energy production. With 93 days having between 0% and 25% cloud cover, residents can maximize their solar panel efficiency and enjoy reduced electricity bills.
Deerfield Illinois Electricity Costs
Residents in Deerfield pay about $0.13/kw for electricity, slightly above the national average but higher than the state average of $0.12/kw. By installing solar panels, Deerfield residents can offset these costs and begin saving money on their electricity bills. With an estimated break-even point of around 8 years, switching to solar energy is a smart investment for Deerfield homeowners.
When could you expect to break even on a solar installation in Deerfield Illinois?
Considering the weather and electricity costs in Deerfield, 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:
- Deerfield receives slightly less precipitation than the national average, which is good for solar panel efficiency.
- The UV ratings in Deerfield are a bit lower than the national average, but still suitable for generating solar power.
- Cloud cover in Deerfield is slightly higher than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Deerfield pay the national average for electricity, making it a good area for solar energy savings.
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 the average electricity rates in Deerfield, the savings will contribute to paying off the investment.
After running the numbers, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. This means, after 5 years, the savings on electricity bills will begin to accumulate and offset the investment. And don’t forget, solar panels have a long lifespan, so beyond that initial period, you’ll continue to benefit from those savings for many more years. It’s both a financially savvy and environmentally friendly choice!
Investing in solar power in Deerfield Illinois
Installing solar panels in Deerfield, Illinois is a wise investment for homeowners looking to save money on electricity bills in the long run. With favorable weather conditions for solar energy production and electricity costs slightly above the national average, residents can expect to break even on their solar installation in approximately 8 years. The initial upfront cost will pay off, leading to years of savings and a more sustainable way of powering your home. Consider making the switch to solar energy to reap these financial and environmental benefits in Deerfield.