Overview
Are you looking to save money on your electricity bills while also helping the environment? In this article, we will show you how installing solar panels on your home in Evansville, Indiana can lead to significant financial benefits. By analyzing weather data and electricity costs specific to Evansville, we will demonstrate how a solar system can pay for itself in a reasonable amount of time. Let’s explore the potential savings and advantages of going solar in Evansville.
Evansville Indiana Weather Trends
Evansville Precipitation
With 59.98 inches of precipitation in the last year, Evansville Indiana is in the 70th percentile in the nation and the 91st percentile in Indiana. Compared to the national average of 50.61 inches, Evansville receives above-average rainfall. This means that solar panels in Evansville will have the opportunity to generate significant electricity from the abundant sunlight that follows rainy days.
Evansville’s UV Rating
Evansville’s average UV rating of 4.37 places it in the 61st percentile in the nation and the 86th percentile in Indiana. With an average max UV rating of 4.87, Evansville continues to be in a good position for harnessing solar energy. By taking advantage of the sunlight in Evansville, residents can greatly benefit from the potential energy savings that solar panels offer.
Evansville’s Cloud Cover
Despite an average of 43% cloud cover, Evansville is still able to benefit from solar energy. With 126 days of clear skies and only 62 days with heavy cloud cover in the past year, there are plenty of opportunities for solar panels to generate electricity efficiently. By capturing sunlight on clearer days, homeowners can maximize their savings on electricity bills.
Evansville Indiana Electricity Costs
Residents of Evansville pay about $0.16/kw for electricity, placing them in the 94th percentile in the nation and the 100th percentile in Indiana. Although electricity rates in Evansville are slightly higher than the national and state averages, installing solar panels can help offset these costs in the long run. By generating their own electricity, residents can save money on their monthly bills and reduce their reliance on traditional energy sources.
When could you expect to break even on a solar installation in Evansville Indiana?
Considering the weather and electricity costs in Evansville, Indiana, 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 gets more rain than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Evansville are slightly higher than the national average, making it a good location for generating solar power.
- Cloud cover in Evansville is slightly lower than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Evansville pay a bit more for electricity compared to the national average.
With this information in mind, 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 determine how long it would take to break even on this investment, we need to calculate the annual savings from using solar power:
- The system generates electricity, reducing the need to purchase from the grid.
- Considering Evansville’s higher electricity rates, the savings from using solar power are significant.
After analyzing the numbers, 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 money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years beyond that initial period. Investing in solar panels is a wise way to save money and contribute to a cleaner environment!
Investing in solar power in Evansville Indiana
By analyzing the weather data and electricity costs specific to Evansville, Indiana, it is evident that installing solar panels can lead to significant financial benefits over time. With above-average rainfall and UV ratings, as well as a moderate cloud cover, Evansville provides ample sunlight for efficient solar energy generation. Despite slightly higher electricity costs compared to national averages, the savings from using solar power can offset these expenses, with an estimated break-even point of around 5 years. Investing in solar panels not only allows residents to save money on their electricity bills but also contributes to a cleaner environment. Consider going solar in Evansville to enjoy the many advantages it offers!