Overview
Are you a homeowner in Equality, Illinois looking to save money on your electricity bills? Installing solar panels on your home could be a smart financial decision, especially with the amount of sunshine this region gets throughout the year. In this article, we will break down the cost of a solar system, estimate how long it will take for you to break even, and show you how you can start saving money by harnessing the power of the sun.
Equality Illinois Weather Trends
Equality Precipitation
With a total precipitation of 60.36 inches in the last year, Equality, Illinois is in the 95th percentile in the state and the 71st percentile nationwide. Compare this to the national average of 50.61 inches and the Illinois average of 45.69 inches. This means that Equality receives ample rainfall, providing an ideal environment for solar panel efficiency.
Equality’s UV Rating
Equality, Illinois boasts an average UV rating of 4.53, placing it in the 85th percentile in Illinois and the 65th percentile nationwide. Comparatively, the national average UV rating is 4.29, and Illinois averages 4.21. With an average max UV rating of 4.89, Equality is in the 77th percentile in Illinois and the 54th percentile nationally. These high UV ratings make Equality a prime location for solar panel installation.
Equality’s Cloud Cover
With an average cloud cover of 41%, Equality, Illinois ranks in the 21st percentile in the state and the 33rd percentile across the country. In comparison, the national average for cloud cover is 44.46%, and Illinois averages 44.03%. The presence of 136 days with between 0% and 25% cloud cover in the last year makes Equality an excellent location for harnessing solar energy.
Equality Illinois Electricity Costs
Residents of Equality, Illinois pay around $0.12 per kilowatt-hour for electricity, placing them in the 18th percentile in the state and the 45th percentile nationally. The national average for residential electricity is $0.13/kw, while Illinois averages $0.12/kw. By investing in solar panels, homeowners in Equality can take advantage of these relatively low electricity costs to save even more money in the long run.
When could you expect to break even on a solar installation in Equality Illinois?
Considering the weather and electricity costs in Equality 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:
- Equality Illinois receives more precipitation than the national average, which can impact solar panel efficiency. However, it’s still a good environment for solar power generation.
- The UV ratings in Equality Illinois are slightly higher than the national average, making it a suitable location for solar panels.
- Cloud cover in Equality Illinois is slightly lower than the national average, providing plenty of sunlight for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Equality Illinois pay slightly less for electricity compared to the national average, which can affect the savings from using solar panels.
With this information in mind, let’s break down the costs:
- A standard solar system of 10kW costs $20,000 upfront.
- This system is expected to last between 25 and 30 years, providing long-term savings on electricity bills.
To determine 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:
- By generating electricity from the sun, homeowners can reduce their reliance on the grid and save money on electricity bills over time.
- With Equality Illinois’ slightly lower electricity costs, the savings from solar power may not be as significant compared to other areas.
After analyzing the data, it appears that it would take approximately 6-7 years to cover the initial cost of the solar panels in Equality Illinois. This means that after this period, the money saved on electricity bills will start to outweigh the initial investment. And since solar panels have a lifespan of 25-30 years, homeowners can enjoy these savings for many years to come. Investing in solar energy is a wise choice for both financial and environmental reasons.
Investing in solar power in Equality Illinois
Installing solar panels in Equality, Illinois can be a beneficial decision for homeowners looking to save money on electricity bills. With ample sunshine, favorable UV ratings, and low cloud cover, this region provides an ideal environment for solar panel efficiency. Additionally, with relatively low electricity costs in the area, homeowners can expect to break even on their solar panel investment in approximately 6-7 years. This means long-term savings on electricity bills and a wise financial and environmental choice for homeowners in Equality. Consider harnessing the power of the sun and start saving money today!