Overview
In Fithian, Illinois, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs specific to the area, we can estimate how long it will take for a solar system to pay for itself. With average yearly savings on electricity bills and incentives for going solar, residents can see a return on their investment sooner than they may think.
Fithian Illinois Weather Trends
Fithian Precipitation
With Fithian, Illinois receiving 38.88 inches of precipitation in the last year, it falls below both the national and state averages. This means that Fithian experiences less rainfall compared to other areas, which can be beneficial for solar panel installation.
Fithian’s UV Rating
Having an average UV rating of 4.07, Fithian, Illinois ranks in the middle both nationally and within the state. This level of UV exposure is sufficient for generating solar energy effectively, leading to potential savings on electricity bills for residents.
Fithian’s Cloud Cover
With an average cloud cover of 45%, Fithian, Illinois experiences slightly more clouds compared to the national and state averages. While this may affect solar panel efficiency at times, the overall cloud cover percentage is reasonable for harnessing solar power throughout the year.
Fithian Illinois Electricity Costs
Residents of Fithian, Illinois pay approximately $0.12 per kilowatt-hour for electricity, aligning closely with the state average. This cost is slightly lower than the national average, making it a favorable environment for investing in solar panels to save on electricity expenses in the long run.
When could you expect to break even on a solar installation in Fithian Illinois?
Considering the weather and electricity costs in Fithian 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:
- Fithian Illinois receives slightly less precipitation than the national average, with 38.88 inches of rain in the last year.
- The UV ratings in Fithian Illinois are slightly lower than the national average, but still good for generating solar power (average UV rating of 4.07 and average max UV rating of 4.39).
- Cloud cover in Fithian Illinois is about average for the country, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Fithian 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 system generates electricity, reducing the amount needed from the grid.
- With Fithian Illinois’ lower electricity rates, the savings may be more gradual compared to areas with higher rates.
After doing the calculations, it seems like it could take around 5-7 years to cover the initial cost of the solar panels in Fithian Illinois. This means that after this period, 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 after breaking even. It’s an economical and environmentally friendly way to power your home!
Investing in solar power in Fithian Illinois
By analyzing the weather trends and electricity costs in Fithian, Illinois, it is clear that investing in solar panels can lead to significant financial benefits for residents. With lower precipitation levels, a good UV rating, and reasonable cloud cover, Fithian provides a suitable environment for generating solar energy. Additionally, with electricity costs aligning closely with the state average, residents can expect to break even on their solar investment in about 5-7 years. Not only will this save money on electricity bills in the long run, but it is also an eco-friendly way to power your home. With the potential for a quick return on investment and ongoing savings, going solar in Fithian, Illinois is a smart choice.