Overview
In this article, we will explore the financial benefits of installing solar panels on your home in Lewistown Illinois. By analyzing weather data and electricity costs specific to the area, we will break down the cost of a solar system and estimate how long it will take for you to break even. With the potential for savings on your electricity bill and the environmental benefits of using renewable energy, investing in solar panels can be a smart financial decision for Lewistown residents.
Lewistown Illinois Weather Trends
Lewistown Precipitation
With an average annual precipitation of 46.54 inches, Lewistown falls below the national average of 50.61 inches but slightly above the Illinois average of 45.69 inches. This means that while Lewistown may not be the wettest place in the country, it still sees a fair amount of rainfall, making it a viable location for solar panel installation.
Lewistown’s UV Rating
With an average UV rating of 4.25, Lewistown ranks around the middle in terms of UV exposure compared to the rest of the nation and Illinois. This moderate level of UV exposure is ideal for solar panel efficiency, allowing residents to harness the power of the sun to generate electricity for their homes while minimizing environmental impact.
Lewistown’s Cloud Cover
With an average of 42% cloud cover, Lewistown enjoys relatively clear skies throughout the year compared to the national average of 44.46% and the Illinois average of 44.03%. This lower cloud cover percentage means more sunlight reaches the solar panels, maximizing energy production and potential savings on your electricity bill.
Lewistown Illinois Electricity Costs
At $0.1/kw, Lewistown residents pay less for electricity compared to both the national average of $0.13/kw and Illinois’s average of $0.12/kw. By investing in solar panels, residents can further reduce their electricity costs, ultimately saving money in the long run and contributing to a cleaner, more sustainable environment.
When could you expect to break even on a solar installation in Lewistown Illinois?
Considering the weather and electricity costs in Lewistown 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:
- Lewistown Illinois receives slightly less precipitation compared to the national average, which is good for solar panels.
- The UV ratings in Lewistown Illinois are very close to the national average, making it a suitable location for generating solar power.
- Cloud cover in Lewistown Illinois is slightly below the national average, with varying degrees of coverage throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lewistown Illinois pay less for electricity compared to the national average, which is beneficial for saving money with solar panels.
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 bought from the grid and saving money in the long run.
- With lower electricity rates in Lewistown Illinois, the savings from using solar power are even more significant.
After analyzing the data, it appears that it would take approximately 6-7 years to cover the initial cost of the solar panels in Lewistown Illinois. This means that after 6-7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, considering that solar panels have a lifespan of 25-30 years, significant savings can be enjoyed for many years beyond the initial payback period. Installing solar panels is a wise financial decision that not only helps save money but also contributes to a greener and more sustainable future.
Investing in solar power in Lewistown Illinois
Investing in solar panels in Lewistown Illinois can provide significant financial benefits for residents. With lower electricity costs compared to the national average, residents have the opportunity to save money on their electricity bills and break even on their investment in approximately 6-7 years. The favorable weather conditions in Lewistown, including moderate precipitation, UV ratings, and cloud cover, make it an ideal location for solar panel installation. By harnessing the power of the sun, residents can not only enjoy long-term savings but also contribute to a cleaner, more sustainable environment. Overall, installing solar panels is a smart financial decision for Lewistown residents looking to save money and reduce their environmental impact.