Overview
Are you tired of high electricity bills in Evansville, Illinois? Solar panels could be the solution you’ve been looking for! By analyzing weather data and electricity costs specific to Evansville, we can show you how investing in a solar system can save you money in the long run. Let’s break down the costs and estimate how quickly you can start seeing a return on your investment.
Evansville Illinois Weather Trends
Evansville Precipitation
With 52.29 inches of precipitation in the last year, Evansville falls in the 53rd percentile in the nation and the 83rd percentile in Illinois. Compared to the national average of 50.61 inches and Illinois’s average of 45.69 inches, Evansville sees a slightly higher amount of rainfall, making it a suitable location for harnessing solar energy.
Evansville’s UV Rating
Boasting an average UV rating of 4.54, Evansville ranks in the 65th percentile in the nation and the 87th percentile in Illinois. When compared to the national average of 4.29 and Illinois’s average of 4.21, it’s clear that Evansville receives ample sunlight, making it an ideal place to install solar panels to maximize energy production.
Evansville’s Cloud Cover
With an average of 40% cloud cover, Evansville stands in the 29th percentile in the nation and the 11th percentile in Illinois. While the national average is 44.46% and Illinois’s average is 44.03%, Evansville enjoys relatively clear skies, providing consistent access to sunlight for efficient solar panel operation throughout the year.
Evansville Illinois Electricity Costs
Residents of Evansville pay around $0.12/kw for electricity, placing the city in the 52nd percentile nationally and the 25th percentile in Illinois. Compared to the national average of $0.13/kw and Illinois’s average of $0.12/kw, Evansville offers competitive electricity rates, making it cost-effective to transition to solar power and potentially save on utility bills in the long run.
When could you expect to break even on a solar installation in Evansville Illinois?
Considering the weather and electricity costs in Evansville 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:
- Evansville Illinois receives slightly more precipitation than the national average, but still has enough sunshine for solar panels to be effective.
- The average UV ratings in Evansville Illinois are slightly above the national average, making it a good location for generating solar power.
- Cloud cover in Evansville Illinois is slightly lower than the national average, providing good sun exposure for solar panels most of the time.
Now, let’s consider the electricity costs:
- Residents in Evansville Illinois pay slightly less for electricity compared to the national average, at $0.12/kw.
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 solar system generates electricity, reducing the need to buy as much from the grid.
- With Evansville Illinois’ lower electricity rates, the savings are considerable over time.
After analyzing the data, it appears that it would take around 6-7 years to cover the initial cost of the solar panels in Evansville Illinois. This means that after 6-7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels last for 25-30 years, you will continue to benefit from these savings for many years after the initial payback period. Investing in solar energy is not only a smart financial decision but also an environmentally friendly one.
Investing in solar power in Evansville Illinois
Investing in solar panels in Evansville, Illinois can be a wise decision. By analyzing the weather trends and electricity costs specific to the area, it is clear that residents could see a return on their investment in as little as 6-7 years. With ample sunlight and lower electricity rates, transitioning to solar power not only saves money in the long run but also contributes to a more sustainable future. Make the switch to solar energy and start reaping the benefits both financially and environmentally.