Overview
In Farmington, Illinois, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs, we can estimate the cost of a solar system and how long it will take to break even. With ample sunshine throughout the year, residents can take advantage of solar energy to reduce their electricity bills and potentially even earn money back from the excess energy produced.
Farmington Illinois Weather Trends
Farmington Precipitation
In the last year, Farmington Illinois received 44.51 inches of precipitation, which is slightly below the national average of 50.61 inches. However, compared to the state average of 45.69 inches, Farmington is right in line. With this moderate amount of rainfall, solar panels can still be highly effective in generating electricity for your home.
Farmington’s UV Rating
In the last year, Farmington Illinois had an average UV rating of 4.09, which is lower than both the national average of 4.29 and the state average of 4.21. However, with an average max UV rating of 4.48, Farmington is on par with the national and state averages. This means that there is still plenty of sun to power your solar panels efficiently throughout the year.
Farmington’s Cloud Cover
In the last year, Farmington Illinois had an average of 44% cloud cover, which is in line with both the national average of 44.46% and the state average of 44.03%. With a good mix of cloudy and sunny days, Farmington provides an ideal environment for solar energy production. The varying cloud cover allows for consistent energy generation from your solar panels.
Farmington Illinois Electricity Costs
Farmington Illinois residents pay about $0.1/kw for electricity, which is lower than both the national average of $0.13/kw and the state average of $0.12/kw. By installing solar panels on your home, you can further reduce your electricity costs and potentially even earn money back from excess energy produced. With such affordable electricity rates, investing in solar power can lead to significant long-term financial benefits for Farmington residents.
When could you expect to break even on a solar installation in Farmington Illinois?
Considering the weather and electricity costs in Farmington 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:
- Farmington Illinois receives slightly less precipitation than the national average, making it a good location for solar panel installations.
- The UV ratings in Farmington Illinois are slightly lower than the national average but are still sufficient for generating solar power.
- Cloud cover in Farmington Illinois is around the national average, with varying degrees of cloudiness throughout the year.
Now, let’s consider the electricity costs:
- Residents in Farmington Illinois pay a lower rate for electricity compared to the national average, making solar energy a cost-effective option.
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 of energy purchased from the grid.
- With Farmington Illinois’s lower electricity rates, the savings are substantial.
After analyzing the data, it appears that it would take around 4 years to cover the initial cost of the solar panels. This means that after 4 years, the savings 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 the break-even point. Investing in solar power is a wise decision both financially and environmentally!
Investing in solar power in Farmington Illinois
Installing solar panels in Farmington, Illinois can be a smart financial decision. With lower-than-average precipitation and affordable electricity rates, residents can expect to break even on their investment in around 4 years. The moderate levels of sunshine and consistent cloud cover make Farmington an ideal location for solar energy production. By harnessing the power of the sun, residents can not only reduce their electricity bills but also potentially earn money back from excess energy. Investing in solar power is a long-term solution that benefits both your wallet and the environment. Take advantage of the sunny days in Farmington and start saving with solar energy!