Overview
Are you a resident of Godfrey, Illinois looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been searching for! By analyzing weather data over the past year, we’ve determined that Godfrey experiences plenty of sunny days, making it an ideal location for solar power. With electricity costs on the rise, investing in a solar system can lead to significant savings in the long run. In this article, we break down the cost of a solar system and estimate when you can expect to break even on your investment, so you can make an informed decision about going solar.
Godfrey Illinois Weather Trends
Godfrey Precipitation
With an annual precipitation of 44.92 inches, Godfrey, Illinois is slightly below the national average of 50.61 inches but above the state average of 45.69 inches. This means that Godfrey receives a decent amount of rainfall, which can help keep your solar panels clean and operating efficiently, without being overly excessive.
Godfrey’s UV Rating
Godfrey, Illinois boasts an average UV rating of 4.44, placing it above both the national average of 4.29 and the state average of 4.21. A higher UV rating indicates stronger sunlight, which is great news for solar panel performance. More sunlight means more energy production and potentially greater savings on your electricity bills.
Godfrey’s Cloud Cover
Godfrey experiences an average cloud cover of 40%, which is below the national average of 44.46% and the state average of 44.03%. This lower cloud cover percentage means that Godfrey sees more sunny days, providing ample opportunity for your solar panels to harness the sun’s energy and generate electricity for your home.
Godfrey Illinois Electricity Costs
Residents of Godfrey, Illinois enjoy a lower-than-average residential electricity cost of $0.1/kw, which is below both the national average of $0.13/kw and the state average of $0.12/kw. By investing in solar panels, you can further reduce your reliance on traditional utility providers and lock in lower rates, ultimately saving you money in the long run.
When could you expect to break even on a solar installation in Godfrey Illinois?
Considering the weather and electricity costs in Godfrey, 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:
- Godfrey, Illinois receives slightly less precipitation compared to the national average, making it a suitable location for solar panels.
- The average UV ratings in Godfrey are higher than the national average, which is great for generating solar power efficiently.
- Cloud cover in Godfrey is slightly lower than the national average, with some variability throughout the year.
Now, let’s consider the electricity costs:
- Residents in Godfrey, Illinois pay below the national average for electricity, making it a cost-effective choice for using solar energy.
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 solar system generates electricity, reducing the need to purchase energy from the grid.
- Given Godfrey’s lower electricity rates, the savings on electricity costs will be substantial.
After analyzing the data, it appears that it would take approximately 4-6 years to cover the initial cost of the solar panels. This means that after this period, the money saved on electricity bills will start outweighing the initial investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years after reaching the break-even point. Investing in solar energy is not only financially beneficial but also environmentally friendly, making it a smart choice for residents in Godfrey, Illinois.
Investing in solar power in Godfrey Illinois
With the sunny weather in Godfrey, Illinois and the lower-than-average electricity costs, investing in solar panels can lead to significant savings in just 4-6 years. By harnessing the abundant sunlight and generating clean energy, residents can not only reduce their reliance on traditional utility providers but also contribute to a greener environment. Making the switch to solar power is a smart and cost-effective choice for residents in Godfrey looking to save money on their electricity bills in the long run.