Overview
Discover how installing solar panels on your home in Markham Illinois can save you money in the long run. By analyzing weather data and electricity costs specific to the area, we will break down the financial benefits of solar power, including the cost of a solar system and the estimated time it will take to break even on your investment. Dive into the numbers and see how harnessing the power of the sun can lead to significant savings for you and your family.
Markham Illinois Weather Trends
Markham Precipitation
With 44.65 inches of precipitation in the last year, Markham Illinois falls below the national average of 50.61 inches, but slightly above the Illinois average of 45.69 inches. By harnessing the power of solar panels, you can take advantage of Markham’s moderate rainfall to generate clean energy for your home.
Markham’s UV Rating
Markham’s average UV rating of 3.91 in the last year is lower than both the national average of 4.29 and the Illinois average of 4.21. However, with an average max UV rating of 4.19, there is still plenty of sunlight to capture with solar panels. Embracing solar power can help you make the most of the available sunlight in Markham.
Markham’s Cloud Cover
Markham’s average cloud cover of 46% in the last year is slightly higher than the national average of 44.46% and the Illinois average of 44.03%. Despite some cloudy days, there are still plenty of opportunities to generate solar energy. By installing solar panels, you can offset the impact of cloudy weather and rely less on traditional electricity sources.
Markham Illinois Electricity Costs
With electricity costs at $0.13/kw, Markham Illinois residents are already paying close to the national average. However, the Illinois average is slightly lower at $0.12/kw. By switching to solar power, you can take control of your energy expenses and reduce your reliance on the grid, ultimately saving money in the long run.
When could you expect to break even on a solar installation in Markham Illinois?
Considering the weather and electricity costs in Markham, 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:
- Markham receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Markham are also slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover in Markham is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Markham pay the national average for electricity, which is $0.13/kw.
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 and saving money on bills.
After crunching the numbers, it looks like it would take around 9-10 years to cover the initial cost of the solar panels. That means, after 9-10 years, the money saved on electricity bills will start to add up and pay off the investment. Remember, solar panels last a long time, so after that initial period, you’ll enjoy savings for many years to come. It’s a smart investment for the future!
Investing in solar power in Markham Illinois
By analyzing the weather data and electricity costs specific to Markham, Illinois, it is clear that installing solar panels can lead to significant financial benefits in the long run. Despite slightly lower precipitation and UV ratings, as well as some cloud cover, harnessing the power of the sun can still generate clean energy and reduce reliance on traditional electricity sources. With electricity costs close to the national average, switching to solar power can help residents save money over time. Based on the calculations, it would take around 9-10 years to break even on the initial investment in a solar system. After that period, the savings on electricity bills will continue to accumulate, making solar panels a smart and cost-effective choice for homeowners in Markham, Illinois.