Overview
Are you looking to save money on your electricity bills? Installing solar panels on your home in New Lisbon, Wisconsin could be the solution you’ve been searching for. By analyzing weather data and electricity costs in the area, we can show you just how much you could save over time by making the switch to solar energy. With a breakdown of the costs involved and an estimate of how long it will take to break even, you’ll see that the financial benefits of solar power are too good to ignore.
New Lisbon Wisconsin Weather Trends
New Lisbon Precipitation
With New Lisbon receiving 40.29 inches of precipitation in the last year, it falls slightly below the national average of 50.61 inches. Compared to the rest of Wisconsin, New Lisbon is just above average in terms of total precipitation. By harnessing the power of solar energy, you can take advantage of the sunny days in between the rainy ones, maximizing your savings over time.
New Lisbon’s UV Rating
New Lisbon’s average UV rating of 3.67 indicates moderate to high sun exposure, making it an ideal location for generating solar energy. While New Lisbon’s UV rating is lower than the national average of 4.29, it surpasses the state average, suggesting that solar panels can be highly effective in this area. With a maximum UV rating of 3.92, there is ample opportunity to utilize solar power and decrease your reliance on traditional electricity sources.
New Lisbon’s Cloud Cover
Despite the average 47% cloud cover in New Lisbon over the last year, there are still plenty of clear days for solar panels to capture sunlight and convert it into energy. Compared to the national average of 44.46%, New Lisbon experiences slightly more cloud cover, but it remains below the state average. With a mix of clear and cloudy days throughout the year, investing in solar panels can help you benefit from both types of weather conditions.
New Lisbon Wisconsin Electricity Costs
With residential electricity costs at about $0.14/kw in New Lisbon, residents are already paying close to the national average of $0.13/kw. Although slightly above the average for Wisconsin, switching to solar energy can lead to significant savings in the long run. By generating your own electricity with solar panels, you can reduce your reliance on the grid and lower your monthly electricity bills, ultimately making a positive impact on both your wallet and the environment.
When could you expect to break even on a solar installation in New Lisbon Wisconsin?
Considering the weather and electricity costs in New Lisbon, 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:
- New Lisbon gets slightly less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in New Lisbon are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in New Lisbon is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in New Lisbon pay a bit more for electricity compared to the national average.
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.
- Considering New Lisbon’s slightly higher electricity rates, the savings are significant.
After analyzing the numbers, it appears that it would take around 5 years to cover the initial cost of the solar panels. This indicates that after 5 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Moreover, since solar panels have a long lifespan, you’ll continue to benefit from these savings for many years to come after this initial period. Investing in solar panels is a wise decision to save money and contribute to environmental conservation simultaneously!
Investing in solar power in New Lisbon Wisconsin
Overall, installing solar panels on your home in New Lisbon, Wisconsin can lead to significant long-term savings on your electricity bills. By taking advantage of the moderate to high sun exposure, despite some cloud cover, and slightly higher electricity costs in the area, you can expect to break even on your investment in solar panels within about 5 years. The financial benefits of using solar energy are clear, making it a smart choice for both your wallet and the environment. Considering the weather trends and electricity costs in New Lisbon, switching to solar power is a wise decision that can pay off for years to come.