Overview
Living in Gresham, Wisconsin can be expensive, especially when it comes to electricity bills. By installing solar panels on your home, you can harness the power of the sun to generate clean energy and significantly reduce your monthly utility costs. In this article, we will explore the financial benefits of investing in a solar system for your home in Gresham, including breaking down the cost and estimating how long it will take for you to see a return on your investment.
Gresham Wisconsin Weather Trends
Gresham Precipitation
With Gresham, Wisconsin receiving 39.37 inches of precipitation in the last year, it falls below both the national average of 50.61 inches and Wisconsin’s average of 40.57 inches. This means that solar panels can still be highly effective, as they do not rely solely on direct sunlight and can generate power even on cloudy days.
Gresham’s UV Rating
Gresham’s average UV rating of 3.46 in the last year may seem lower compared to the national average of 4.29 and Wisconsin’s average of 3.51. However, this rating is still sufficient for solar panels to produce energy efficiently. Even with average max UV rating of 3.67, investing in solar panels can prove to be financially beneficial in harnessing the sun’s energy.
Gresham’s Cloud Cover
Despite having an average of 51% cloud cover, Gresham stands above the national average of 44.46% and Wisconsin’s average of 49.97%. While there are days with varying degrees of cloud cover, solar panels can still generate electricity during cloudy days. This means you can still save on your electricity bills and reduce your carbon footprint.
Gresham Wisconsin Electricity Costs
Compared to the national average, Gresham residents pay about $0.13/kw for electricity, which is on par with the national average but below Wisconsin’s average of $0.14/kw. By installing solar panels, you can offset or even eliminate your electricity costs, making it a wise long-term investment. Generating your own clean energy will not only save you money but also contribute to a more sustainable future.
When could you expect to break even on a solar installation in Gresham Wisconsin?
Considering the weather and electricity costs in Gresham Wisconsin, 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:
- Gresham Wisconsin receives slightly less precipitation than the national average, with a good amount of sunshine for solar panels to work effectively.
- The UV ratings in Gresham Wisconsin are a bit lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Gresham Wisconsin is slightly higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Gresham Wisconsin pay the same amount for electricity compared to 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.
- With average electricity rates, the savings are substantial over time.
After crunching the numbers, it looks like it would take around 8 to 10 years to cover the initial cost of the solar panels. This means that after 8 to 10 years, the money saved on electricity bills will start to add up and pay off the investment. Remember, solar panels have a long lifespan, so you’ll be enjoying those savings far beyond the break-even point. It’s a wise investment for both your wallet and the environment!
Investing in solar power in Gresham Wisconsin
Investing in solar panels for your home in Gresham, Wisconsin can be a smart financial decision. With slightly lower precipitation and UV ratings compared to national averages, solar panels can still generate clean energy efficiently. Despite the higher cloud cover, solar systems can continue to produce electricity, helping you save money on your electricity bills. By breaking down the initial cost and estimating the return on investment, it is clear that installing solar panels in Gresham is a long-term investment that will benefit both your wallet and the environment. So, why wait? Consider making the switch to solar power today!