Overview
If you live in Lake Tomahawk, Wisconsin, installing solar panels on your home could be a smart financial decision. By analyzing data on weather patterns and electricity costs, we can show you how much you could save over time. With a breakdown of the initial investment and estimated time to break even, this article will help you understand the long-term financial benefits of going solar in your area.
Lake Tomahawk Wisconsin Weather Trends
Lake Tomahawk Precipitation
With Lake Tomahawk experiencing 39.41 inches of precipitation last year, it falls below both the national average of 50.61 inches and Wisconsin’s average of 40.57 inches. Even though it may not be the wettest area, this amount of precipitation is still enough to benefit from solar panel installation in terms of energy generation.
Lake Tomahawk’s UV Rating
At an average UV rating of 3.14, Lake Tomahawk is below both the national average of 4.29 and Wisconsin’s average of 3.51. With a max UV rating of 3.32, it is still lower than the national and state averages. Despite this, solar panels can still be efficient in generating electricity, especially with the number of sunny days Lake Tomahawk experiences.
Lake Tomahawk’s Cloud Cover
Having an average cloud cover of 56%, Lake Tomahawk ranks high compared to both the national average of 44.46% and Wisconsin’s average of 49.97%. Although there are days with varying cloud cover, there are still plenty of opportunities for solar panels to harness sunlight and produce energy efficiently in Lake Tomahawk.
Lake Tomahawk Wisconsin Electricity Costs
With residents paying about $0.14/kw for electricity, Lake Tomahawk’s rate places it above the national average of $0.13/kw. While it may be in the 59th percentile in Wisconsin, going solar can help reduce dependency on traditional electricity sources and provide cost savings in the long run for Lake Tomahawk residents.
When could you expect to break even on a solar installation in Lake Tomahawk Wisconsin?
Considering the weather and electricity costs in Lake Tomahawk, 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:
- Lake Tomahawk gets slightly less precipitation compared to the national average, which is good for solar panel efficiency.
- The UV ratings in Lake Tomahawk are also slightly lower than the national average, but still substantial for generating solar power.
- Cloud cover in Lake Tomahawk is higher than the national average, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lake Tomahawk pay a bit more 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.
- Considering Lake Tomahawk’s higher electricity rates, the savings would be higher compared to the national average.
After crunching the numbers, it looks like it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 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 the savings will continue for many years beyond the break-even point. Investing in solar panels is a smart way to save money and contribute to a more sustainable future!
Investing in solar power in Lake Tomahawk Wisconsin
Considering the weather patterns and electricity costs in Lake Tomahawk, Wisconsin, installing solar panels can be a beneficial long-term financial decision. Despite slightly lower precipitation and UV ratings compared to national averages, there are still enough sunny days for efficient energy generation. With higher cloud cover and electricity rates, residents can expect to break even on their investment in solar panels in around 5-6 years. The savings on electricity bills will continue to accumulate well beyond that point, making solar panel installation a smart and sustainable choice for Lake Tomahawk homeowners.