Overview
Are you tired of high electricity bills every month? In this article, we will show you how installing solar panels on your Georgetown, Illinois home can save you money in the long run. By analyzing weather data and electricity costs specific to your area, we will break down the cost of a solar system and estimate how quickly you can recoup your investment. Let’s dive into the financial benefits of going solar in Georgetown.
Georgetown Illinois Weather Trends
Georgetown Precipitation
With 39.1 inches of precipitation in the last year, Georgetown, Illinois falls below the national and state average, positioning it in the 26th percentile nationally and the 12th percentile within Illinois. Compared to the national average of 50.61 inches and Illinois’s average of 45.69 inches, Georgetown receives less rainfall, making it an ideal location for solar panel installation to harness the abundant sunlight.
Georgetown’s UV Rating
Georgetown, Illinois boasts an average UV rating of 4.08, placing it in the 49th percentile nationwide and the 46th percentile in Illinois. With an average max UV rating of 4.4, Georgetown continues to show favorable conditions for solar energy production. While below the national average of 4.29 for average UV rating and 4.61 for max UV rating, Georgetown still offers ample sunlight for solar panels to operate efficiently.
Georgetown’s Cloud Cover
Georgetown, Illinois records an average of 45% cloud cover, ranking in the 55th percentile nationally and the 64th percentile within the state. With varying cloud cover throughout the year, residents can expect 108 days with minimal cloud cover, providing abundant sunshine for solar panels to generate electricity. Although slightly above the national and state averages, Georgetown’s cloud cover remains conducive to solar energy production.
Georgetown Illinois Electricity Costs
Georgetown residents benefit from affordable electricity costs, paying about $0.12/kw. This places the town in the 54th percentile nationwide and the 28th percentile in Illinois. Compared to the national average of $0.13/kw and Illinois’s average of $0.12/kw, Georgetown offers competitive rates for residents looking to switch to solar power and reduce their overall energy expenses.
When could you expect to break even on a solar installation in Georgetown Illinois?
Considering the weather and electricity costs in Georgetown 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:
- Georgetown Illinois receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Georgetown Illinois are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in Georgetown Illinois is close to the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Georgetown Illinois pay a bit less for electricity compared to the national average, which is a benefit for using solar power.
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 purchased from the grid.
- With lower electricity rates in Georgetown Illinois, the savings may take a bit longer to recoup the initial investment.
After running the numbers, it appears that it could take around 7-8 years to cover the initial cost of the solar panels in Georgetown Illinois. This means that after this period, the savings on electricity bills will start accumulating and pay off the investment. Since solar panels have a long lifespan, you will continue to benefit from these savings for many years to come. It’s a wise financial decision that also contributes to a cleaner environment!
Investing in solar power in Georgetown Illinois
By analyzing the weather trends and electricity costs specific to Georgetown, Illinois, we have shown that installing solar panels can be a wise financial decision for homeowners in the area. With lower precipitation levels, favorable UV ratings, and manageable cloud cover, Georgetown provides an ideal environment for solar energy production. Coupled with competitive electricity costs, residents can expect to break even on their solar panel investment in approximately 7-8 years. This initial cost recovery period is followed by years of savings on electricity bills, making solar power a smart and sustainable choice for homeowners in Georgetown, Illinois.