Overview
Are you looking to save money on your electricity bill in Gilberts, Illinois? Installing solar panels on your home could be a smart investment. In this article, we will show you how much you can save by switching to solar energy. By analyzing weather data and electricity costs, we will break down the cost of a solar system and estimate how long it will take for you to break even on your investment. Let’s explore the financial benefits of going solar in Gilberts, Illinois.
Gilberts Illinois Weather Trends
Gilberts Precipitation
With Gilberts Illinois receiving 43.16 inches of precipitation last year, it falls in the 34th percentile nationally and the 43rd percentile in Illinois. Compared to the national average of 50.61 inches and Illinois’s average of 45.69 inches, Gilberts experiences slightly less rainfall, making it an ideal location for solar power generation.
Gilberts’s UV Rating
Over the past year, Gilberts Illinois had an average UV rating of 3.77, positioning it in the 34th percentile nationally and the 10th percentile in Illinois. In comparison, the national average UV rating is 4.29, and Illinois’s average is 4.21. Additionally, Gilberts’s average max UV rating of 4.09 places it in the 34th percentile nationally and the 21st percentile in Illinois, indicating plentiful sunshine for effective solar panel performance.
Gilberts’s Cloud Cover
With an average of 48% cloud cover, Gilberts Illinois ranks in the 66th percentile nationally and the 90th percentile in Illinois. Compared to the national average of 44.46% and Illinois’s average of 44.03%, Gilberts experiences fewer cloudy days, creating more opportunities for solar energy production. Additionally, having 98 days with minimal cloud cover, Gilberts showcases the potential for efficient solar panel operation.
Gilberts Illinois Electricity Costs
Residents in Gilberts Illinois benefit from a relatively low electricity cost of $0.13/kw, placing them in the 77th percentile nationally and the 71st percentile in Illinois. With the national average standing at $0.13/kw and Illinois’s average at $0.12/kw, Gilberts residents can take advantage of affordable energy rates to maximize their savings by switching to solar power.
When could you expect to break even on a solar installation in Gilberts Illinois?
Considering the weather and electricity costs in Gilberts 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:
- Gilberts Illinois receives slightly less precipitation than the national average, but it still has enough sunny days for solar panels to be effective.
- The UV ratings in Gilberts Illinois are slightly lower than the national average, but they still provide good conditions for generating solar power.
- Cloud cover in Gilberts Illinois is slightly higher than the national average, with varying degrees of cloudiness throughout the year.
Now, let’s consider the electricity costs:
- Residents in Gilberts Illinois pay about $0.13/kw for electricity, which is the same as the national average.
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 and saving money on electricity bills.
- With the average electricity costs in Gilberts Illinois, the savings will contribute to paying off the initial investment.
After considering all the factors, it looks like it would take around 7 years to cover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will start to offset the investment. Additionally, since solar panels last for 25-30 years, there will be many years of savings after the initial payback period. Investing in solar panels not only saves money in the long run but also benefits the environment by using renewable energy sources.
Investing in solar power in Gilberts Illinois
By analyzing the weather trends and electricity costs in Gilberts, Illinois, it is clear that installing solar panels can lead to significant savings over time. With the right conditions for solar power generation and relatively low electricity costs, the initial investment in a solar system can be recouped in approximately 7 years. This means that residents in Gilberts can enjoy years of reduced electricity bills and contribute to a more sustainable future by harnessing the power of the sun. Consider making the switch to solar energy and start saving money while helping the environment.