Overview
Are you looking to save money on your electricity bills in Montgomery, Illinois? Installing solar panels on your home could be the solution you’ve been searching for. By analyzing weather data and electricity costs specific to Montgomery, we can show you how a solar system can help you break even on your investment and start saving money in the long run. With average max UV ratings and low percentages of cloud cover, Montgomery is an ideal location for harnessing solar energy. Let us break down the costs for you and demonstrate how investing in solar panels can benefit your wallet.
Montgomery Illinois Weather Trends
Montgomery Precipitation
Montgomery Illinois received 40.62 inches of precipitation last year, ranking it in the 28th percentile nationally and the 20th percentile in Illinois. Compared to the national average of 50.61 inches and Illinois’s average of 45.69 inches, Montgomery experiences slightly less rainfall, making it an ideal location for solar panel installation to take advantage of the ample sunshine.
Montgomery’s UV Rating
In the last year, Montgomery Illinois had an average UV rating of 3.91, placing it in the 41st percentile in the nation and the 24th percentile in Illinois. With an average max UV rating of 4.24, Montgomery is in the 38th percentile nationally and the 31st percentile statewide. While Montgomery’s UV ratings may not be the highest, they are still favorable for generating solar energy efficiently.
Montgomery’s Cloud Cover
Montgomery Illinois had an average of 45% cloud cover in the last year, ranking it in the 56th percentile nationally and the 67th percentile in Illinois. With a balanced distribution of cloud cover days, Montgomery provides consistent sunshine for solar panels to generate electricity efficiently throughout the year.
Montgomery Illinois Electricity Costs
Residents in Montgomery pay about $0.13/kw for electricity, positioning the city in the 77th percentile nationally and the 71st percentile in Illinois in terms of electricity costs. With the national average at $0.13/kw and Illinois’s average at $0.12/kw, investing in solar panels can help Montgomery residents save on their electricity bills in the long run.
When could you expect to break even on a solar installation in Montgomery Illinois?
Considering the weather and electricity costs in Montgomery 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:
- Montgomery Illinois receives slightly less rainfall compared to the national average, making it a good location for solar panels.
- The UV ratings in Montgomery Illinois are a bit lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Montgomery Illinois is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Montgomery Illinois pay the national average for electricity at $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.
- With the average electricity costs in Montgomery Illinois, the savings from using solar power can be determined.
Based on the calculations, it would take approximately 8 years to cover the initial cost of the solar panels. After this period, the savings on electricity bills will accumulate, making the investment worthwhile. Additionally, considering the long lifespan of solar panels, the savings will continue for many years beyond the break-even point. Investing in solar panels not only saves money in the long run but also contributes to environmental sustainability. It’s a wise decision for both your wallet and the planet!
Investing in solar power in Montgomery Illinois
Investing in solar panels in Montgomery, Illinois can be a cost-effective solution to reduce your electricity bills and save money in the long run. With favorable weather conditions, such as lower rainfall, decent UV ratings, and consistent cloud cover, Montgomery is an ideal location for harnessing solar energy efficiently. By considering the city’s electricity costs and the savings generated by using solar power, it is estimated that you could break even on your investment in approximately 8 years. Beyond that point, the savings on electricity bills will continue to accumulate, making solar panel installation a wise decision for both your wallet and the planet. Make the smart choice and start saving money with solar energy today!