Overview
Are you a Lebanon Illinois resident looking to save money on your electricity bills and help the environment at the same time? Installing solar panels on your home could be the solution you’ve been looking for! In this article, we will break down the financial benefits of going solar in Lebanon, including the cost of a solar system and how long it will take to break even. By analyzing weather data and electricity costs specific to Lebanon, you can see just how much you stand to save by making the switch to solar energy.
Lebanon Illinois Weather Trends
Lebanon Precipitation
With Lebanon Illinois receiving 33.81 inches of precipitation last year, it is in the 16th percentile nationally and the 3rd percentile in Illinois. Compared to the national average of 50.61 inches and Illinois’s average of 45.69 inches, Lebanon’s lower precipitation levels make it an ideal location for solar panel installation.
Lebanon’s UV Rating
Last year, Lebanon Illinois had an average UV rating of 5.77, ranking it in the 93rd percentile nationally and the 97th percentile in Illinois. Compared to the national average of 4.29 and Illinois’s average of 4.21, Lebanon’s higher UV ratings indicate greater sun exposure, maximizing the efficiency of solar panels and increasing potential energy savings.
Lebanon’s Cloud Cover
Lebanon Illinois experienced an average of 27% cloud cover last year, placing it in the 5th percentile nationally and the 1st percentile in Illinois. With significantly lower cloud cover compared to the national average of 44.46% and Illinois’s average of 44.03%, Lebanon offers ample sunlight for solar panels to generate electricity consistently throughout the year.
Lebanon Illinois Electricity Costs
Lebanon residents pay about $0.11/kw for electricity, positioning them in the 43rd percentile nationally and the 15th percentile in Illinois. In contrast, the national average for residential electricity is $0.13/kw, and Illinois’s average is $0.12/kw. With relatively lower electricity costs, going solar in Lebanon can lead to substantial long-term savings on energy bills, making it a wise financial investment.
When could you expect to break even on a solar installation in Lebanon Illinois?
Considering the weather and electricity costs in Lebanon, 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:
- Lebanon, Illinois receives less precipitation than the national average, making it a good location for solar panel installations.
- The UV ratings in Lebanon are higher than the national average, which is great for generating solar power efficiently.
- Cloud cover in Lebanon is lower than the national average, with a good number of clear days for optimal solar energy production.
Now, let’s consider the electricity costs:
- Residents in Lebanon, Illinois pay slightly less for electricity compared to the national average, which can affect the savings from using solar power.
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, providing long-term benefits.
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:
- By generating electricity from the solar panels, homeowners can reduce their dependence on the grid and save on electricity bills.
- With the lower electricity rates in Lebanon, the savings over time can still make a significant impact.
After analyzing the data, it seems that it would take approximately 6 years to cover the initial cost of the solar panels in Lebanon. This means that after 6 years, the money saved on electricity bills will begin to offset the investment. Considering the long lifespan of solar panels, homeowners can enjoy savings for many more years to come. Investing in solar energy is not only a smart financial decision but also a sustainable choice for the environment.
Investing in solar power in Lebanon Illinois
Investing in solar energy in Lebanon, Illinois can be a smart financial decision that not only helps you save money on electricity bills but also contributes to a sustainable future. With the lower precipitation levels, higher UV ratings, and minimal cloud cover in Lebanon, solar panels have great potential for efficient energy production. By taking into account the slightly lower electricity costs in Lebanon and the long-term benefits of solar panels, homeowners can expect to break even on their investment in approximately 6 years. This means that after this initial period, the savings on electricity bills will start to outweigh the cost of the solar system, providing continued financial benefits and a commitment to environmentally friendly energy sources for years to come.