Overview
In East Moline, Illinois, installing solar panels on your home can lead to significant financial savings. By analyzing weather data and electricity costs specific to our area, we can estimate the cost of a solar system and how long it will take to break even. With favorable weather conditions and increasingly efficient solar technology, East Moline residents have a great opportunity to not only reduce their electricity bills but also contribute to a cleaner environment.
East Moline Illinois Weather Trends
East Moline Precipitation
With 40.87 inches of precipitation in the last year, East Moline Illinois ranks in the 29th percentile in the nation and the 23rd percentile in Illinois. While this may seem lower than the national and state averages of 50.61 inches and 45.69 inches, the consistent rainfall in our area can still be harnessed to generate electricity through solar panels. By taking advantage of even our moderate precipitation levels, East Moline residents can benefit from sustainable energy production.
East Moline’s UV Rating
East Moline Illinois had an average UV rating of 4.01, placing it in the 46th percentile nationally and the 36th percentile within Illinois. While our UV ratings may be slightly lower than the national and state averages of 4.29 and 4.21, they are still sufficient for effective solar energy generation. With advancements in solar panel technology, even moderate UV exposure can be converted into significant energy savings for East Moline residents.
East Moline’s Cloud Cover
East Moline Illinois experiences an average of 45% cloud cover, which is slightly above the national and state averages of 44.46% and 44.03%. Despite this, East Moline residents still have plenty of clear days suitable for solar energy production. With 116 days of minimal cloud cover and 84 days with near full cloud cover, residents can capitalize on both sunny and cloudy days to make the most of their solar panels.
East Moline Illinois Electricity Costs
Residents of East Moline pay about $0.10/kw for electricity, placing them in the 5th percentile nationally and the 1st percentile within Illinois. Compared to the national and state averages of $0.13/kw and $0.12/kw, East Moline residents enjoy significantly lower electricity costs. By installing solar panels, residents can further reduce their electricity bills and take advantage of their already competitive rates for even greater financial savings in the long run.
When could you expect to break even on a solar installation in East Moline Illinois?
Considering the weather and electricity costs in East Moline, 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:
- East Moline receives slightly less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in East Moline are slightly lower than the national average but still conducive to generating solar power effectively.
- Cloud cover in East Moline is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in East Moline pay slightly less for electricity compared to the national average, which is beneficial for potential cost savings with solar panels.
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.
- With East Moline’s lower electricity rates, the savings are considerable.
After analyzing the data, it looks like it would take around 4-7 years to cover the initial cost of the solar panels. This means that after this period, the savings on electricity bills will begin to accumulate and offset the investment. Additionally, considering the long lifespan of solar panels, these savings will continue for many years to come. Investing in solar panels is a wise financial decision that not only saves money but also contributes to environmental sustainability.
Investing in solar power in East Moline Illinois
With the potential for significant financial savings, East Moline residents are presented with a great opportunity by installing solar panels on their homes. By analyzing the weather trends specific to the area, it is evident that despite slightly lower averages, East Moline still offers suitable conditions for solar energy generation. Coupled with the lower electricity costs compared to national averages, residents can expect to break even on their solar panel investment within 4-7 years. This means that in the long run, savings on electricity bills will continue to accumulate, making solar panels a wise financial choice that also contributes to environmental sustainability.