Overview
Are you looking to save money on your electricity bills in Elizabeth, Illinois? Installing solar panels on your home can help you do just that! By analyzing weather data and electricity costs specific to Elizabeth, we have calculated the financial benefits of switching to solar energy. Find out how much you can save and how quickly you can recoup your investment by making the switch to solar power.
Elizabeth Illinois Weather Trends
Elizabeth Precipitation
With 39.19 inches of precipitation in the last year, Elizabeth, Illinois is in the 26th percentile in the nation and the 13th percentile in Illinois. Compared to the national average of 50.61 inches and Illinois’s average of 45.69 inches, Elizabeth sees slightly less rainfall. This means that solar panels in Elizabeth are less likely to be affected by heavy rain, allowing for consistent energy production throughout the year.
Elizabeth’s UV Rating
Elizabeth, Illinois had an average UV rating of 3.77, placing it in the 34th percentile in the nation and the 10th percentile in Illinois. While the UV rating is slightly lower than the national average of 4.29 and Illinois’s average of 4.21, it is still sufficient for effective solar energy generation. With an average max UV rating of 4.09, Elizabeth offers ample sunlight for harnessing solar power.
Elizabeth’s Cloud Cover
Elizabeth, Illinois experienced an average of 46% cloud cover in the last year, ranking it in the 61st percentile in the nation and the 78th percentile in Illinois. Although the cloud cover is slightly higher than the national average of 44.46% and Illinois’s average of 44.03%, Elizabeth still enjoys plenty of sunny days for optimal solar panel performance. With various cloud cover percentages throughout the year, there are ample opportunities for solar energy generation in Elizabeth.
Elizabeth Illinois Electricity Costs
Residents of Elizabeth, Illinois pay about $0.15/kw for electricity, positioning the town in the 92nd percentile in the nation and the 97th percentile in Illinois for electricity costs. While this rate is higher than the national average of $0.13/kw and Illinois’s average of $0.12/kw, investing in solar panels can help residents save significantly on their electricity bills in the long run. By generating your own electricity with solar power, you can reduce your reliance on traditional energy sources and lower your overall energy costs.
When could you expect to break even on a solar installation in Elizabeth Illinois?
Considering the weather and electricity costs in Elizabeth 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:
- Elizabeth Illinois receives less precipitation compared to the national average, which is beneficial for solar panel effectiveness.
- The UV ratings in Elizabeth Illinois are slightly lower than the national average but are still suitable for generating solar power.
- The average cloud cover in Elizabeth Illinois is close to the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Elizabeth Illinois 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 and saving money on electricity bills.
- With Elizabeth Illinois’s higher electricity rates, the savings from solar power are even more significant.
After calculations, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the savings on electricity bills will begin to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years after the initial break-even period. Investing in solar panels is a wise way to save money and contribute to environmental conservation simultaneously!
Investing in solar power in Elizabeth Illinois
Investing in solar panels in Elizabeth, Illinois can lead to significant savings on electricity bills over time. With the favorable weather conditions and slightly higher electricity costs in the area, residents can expect to break even on their investment in approximately 5 years. After that initial period, the savings will continue to accumulate, making solar energy a cost-effective and environmentally friendly choice for homeowners in Elizabeth. Consider making the switch to solar power to save money and reduce your reliance on traditional energy sources today!