Overview
Are you looking to save money on your electricity bills in Eagle River, Wisconsin? Installing solar panels on your home could be a smart financial decision. By analyzing weather data specific to Eagle River, such as precipitation, UV ratings, and cloud cover, we can estimate the potential savings from a solar system. In this article, we will break down the costs of a solar installation and calculate how long it may take for you to break even on your investment. Learn how going solar could benefit your wallet in the long run.
Eagle River Wisconsin Weather Trends
Eagle River Precipitation
With Eagle River receiving 44.34 inches of precipitation in the last year, it falls below the national average of 50.61 inches but is higher than Wisconsin’s average of 40.57 inches. Despite being in the 36th percentile nationally, Eagle River ranks in the 84th percentile within Wisconsin. By harnessing this precipitation, solar panels can still generate electricity even on cloudy days.
Eagle River’s UV Rating
Having an average UV rating of 3.05 in the last year, Eagle River is below both the national and Wisconsin averages. But with an average max UV rating of 3.21, there is still ample sunlight to power solar panels efficiently. Even though Eagle River ranks low at the 4th percentile nationally, solar energy remains a viable option for residents.
Eagle River’s Cloud Cover
Despite averaging 59% cloud cover, placing Eagle River in the 95th percentile nationally and the 98th percentile in Wisconsin, solar panels still have the potential to generate significant energy. With varying cloud cover throughout the year, the consistent days of sunlight can help offset any loss in efficiency. Even with a high percentage of cloud cover, going solar can still produce considerable savings.
Eagle River Wisconsin Electricity Costs
Residents in Eagle River pay about $0.14/kw for electricity, which is higher than the national average but on par with the state average. By installing solar panels, homeowners can significantly reduce their electricity bills over time and potentially make money by selling excess energy back to the grid. With the cost of traditional electricity on the rise, switching to solar is a smart financial move for Eagle River residents.
When could you expect to break even on a solar installation in Eagle River Wisconsin?
Considering the weather and electricity costs in Eagle River 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:
- Eagle River Wisconsin receives less precipitation compared to the national average, which is good for solar panels.
- The UV ratings in Eagle River Wisconsin are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in Eagle River Wisconsin is slightly higher than the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Eagle River 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 needed from the grid, especially with higher electricity rates in Eagle River Wisconsin.
After crunching the numbers, it looks like it would take around 6 years to cover the initial cost of the solar panels. That means, after 6 years, the money saved on electricity bills will start to add up and pay off the investment. And since solar panels last for a long time, you’ll continue to enjoy those savings for many years. It’s a great way to save money and contribute to a cleaner environment!
Investing in solar power in Eagle River Wisconsin
After analyzing the weather trends and electricity costs in Eagle River, Wisconsin, it is clear that investing in solar panels can lead to significant savings over time. Despite receiving lower precipitation and UV ratings compared to the national averages, solar energy remains a viable option for residents due to ample sunlight throughout the year. Even with high cloud cover percentages, solar panels have the potential to generate substantial energy and reduce electricity bills. With residents paying slightly more for electricity than the national average, switching to solar can be a smart financial move in the long run. Calculations show that it may take around 6 years to break even on the initial cost of a solar installation, after which the savings will continue to accumulate for many more years. Going solar not only benefits your wallet but also contributes to a cleaner environment. Consider making the switch to solar energy in Eagle River, Wisconsin today!