Overview
Learn how installing solar panels on your home in Lakewood, Wisconsin can help you save money on electricity costs. By analyzing weather data and electricity rates specific to your area, we will show you how much you can potentially save each year by switching to solar energy. With the cost of solar systems decreasing and financial incentives available, find out how long it will take for you to break even and start seeing significant savings on your energy bills.
Lakewood Wisconsin Weather Trends
Lakewood Precipitation
With Lakewood Wisconsin receiving 36.6 inches of precipitation in the last year, it falls below the national and state averages. By harnessing the power of solar energy, residents can take advantage of the ample sunshine despite the lower precipitation levels. Embracing solar panels allows you to save money on electricity costs and reduce your carbon footprint at the same time.
Lakewood’s UV Rating
Despite having an average UV rating of 3.34, which is lower than the national and state averages, Lakewood Wisconsin still has enough sunlight to make solar panels a worthwhile investment. By capturing this sunlight, you can generate your electricity and reduce your reliance on the grid. This not only saves you money in the long run but also helps preserve the environment for future generations.
Lakewood’s Cloud Cover
Even with an average cloud cover of 51%, which is higher than the national and state averages, Lakewood Wisconsin still has enough clear days to make solar panels a viable option. By installing solar panels on your home, you can take advantage of the sunny days to generate clean, renewable energy. This will not only reduce your electricity bills but also contribute to a greener, more sustainable future.
Lakewood Wisconsin Electricity Costs
With residents paying about $0.14/kw for electricity, which is slightly higher than the national average but on par with the state average, installing solar panels can help you save significantly on your energy bills. By switching to solar power, you can lock in lower energy costs and potentially even earn credits by selling excess energy back to the grid. Making the switch to solar energy is not only financially beneficial but also environmentally responsible.
When could you expect to break even on a solar installation in Lakewood Wisconsin?
Considering the weather and electricity costs in Lakewood, 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:
- Lakewood receives less precipitation compared to the national average, which is good for solar panel efficiency.
- The UV ratings in Lakewood are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in Lakewood is slightly higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lakewood pay slightly 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:
- Since the system generates electricity, you will need to buy less from the grid.
- With Lakewood’s higher electricity rates, the savings are more significant.
After doing the calculations, it seems like it would take around 5 years to cover the initial cost of the solar panels. This means that after 5 years, the money saved on electricity bills will begin to accumulate and pay off the investment. And don’t forget, solar panels have a long lifespan, so after that initial period, you will continue to enjoy those savings for many years. It’s a smart investment to save money and contribute to environmental conservation at the same time!
Investing in solar power in Lakewood Wisconsin
By analyzing the weather trends and electricity costs in Lakewood, Wisconsin, it is clear that installing solar panels on your home can be a smart investment. Despite lower precipitation levels and average UV ratings, Lakewood still receives enough sunlight to make solar energy a worthwhile option. With slightly higher electricity costs than the national average, switching to solar power can lead to significant savings on energy bills. Based on our calculations, it would take around 5 years to break even on the initial cost of solar panels, after which you can continue to save money and help the environment. Making the switch to solar energy in Lakewood is not only a financially beneficial choice but also a sustainable one for the future.