Overview
In Marquette Wisconsin, installing solar panels on your home can lead to significant financial savings. By utilizing weather data collected over a year, we can demonstrate how the ample sunlight in the region can help you break even on the cost of a solar system. With this data, we will break down the cost of a solar system and estimate the time it will take for you to start seeing returns on your investment. By the end of this article, you will have a clear understanding of the financial benefits of going solar in Marquette Wisconsin.
Marquette Wisconsin Weather Trends
Marquette Precipitation
With Marquette Wisconsin receiving 37.33 inches of precipitation in the last year, it is evident that the region has a moderate amount of rainfall. Compared to the national average of 50.61 inches, Marquette falls below in terms of total precipitation. However, when looking at Wisconsin’s average of 40.57 inches, Marquette is slightly drier. Despite the lower precipitation levels, solar panels can still be a viable option for residents to save on their electricity bills.
Marquette’s UV Rating
In the last year, Marquette Wisconsin had an average UV rating of 3.62, placing it in the 24th percentile nationally and the 70th percentile within Wisconsin. While the UV rating is lower compared to the national average of 4.29, it is higher than the state average of 3.51. The average max UV rating of 3.83 in Marquette also positions it in the mid-range nationally and within Wisconsin. Despite not having the highest UV ratings, Marquette still receives a substantial amount of sunlight, making it a suitable location for solar panel installation.
Marquette’s Cloud Cover
With an average cloud cover of 48% in the last year, Marquette Wisconsin experiences a mix of sunny and cloudy days. This places Marquette in the 67th percentile nationally and the 36th percentile in Wisconsin. Compared to the national average of 44.46%, Marquette has slightly more cloud cover. However, with a significant number of days with low cloud cover percentages, residents can benefit from harnessing solar energy even on cloudy days.
Marquette Wisconsin Electricity Costs
Marquette Wisconsin residents pay about $0.13/kw for electricity, positioning the region in the 79th percentile nationally and the 28th percentile within Wisconsin. While Marquette’s electricity costs are in line with the national average, they are slightly lower than the state average of $0.14/kw. By investing in solar panels, residents can reduce their reliance on traditional electricity sources and save money in the long run, especially with Marquette’s affordable electricity rates.
When could you expect to break even on a solar installation in Marquette Wisconsin?
Considering the weather and electricity costs in Marquette, 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:
- Marquette receives less precipitation compared to the national average, which is beneficial for solar panel efficiency.
- The UV ratings in Marquette are slightly lower than the national average, but still good for generating solar power.
- Cloud cover in Marquette is slightly higher than the national average, but there are still many days with favorable conditions for solar energy generation.
Now, let’s consider the electricity costs:
- Residents in Marquette pay the national average for residential 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 electricity bills.
- With the national average electricity rates, the savings are steady over the years.
After analyzing the data, it seems that it would take around 5 to 7 years to cover the initial cost of the solar panels. This means, after that period, the savings on electricity bills will start to accumulate and offset the investment. And remember, solar panels have a long lifespan, so those savings will continue for many more years. It’s a savvy financial choice that also benefits the environment!
Investing in solar power in Marquette Wisconsin
Installing solar panels in Marquette, Wisconsin is a smart financial decision that can lead to substantial savings over time. Despite receiving slightly lower precipitation and UV ratings compared to national averages, Marquette still provides ample sunlight for generating solar power. With affordable electricity costs in the region, residents can expect to break even on their solar panel investment within 5 to 7 years. This means that after that initial period, the savings on electricity bills will continue to accumulate, making solar energy a cost-effective and environmentally friendly choice for homeowners in Marquette, Wisconsin.