Overview
Are you a Palos Park Illinois resident looking to save money on your electricity bills? Installing solar panels on your home could be a smart financial decision for you. By analyzing weather data and electricity costs specific to Palos Park, we can show you how much you could save with a solar system, and estimate how long it will take for you to break even on your investment. Let’s explore the potential financial benefits of going solar in Palos Park.
Palos Park Illinois Weather Trends
Palos Park Precipitation
With Palos Park receiving 43.84 inches of precipitation in the last year, it falls within the 35th percentile in the nation and the 50th percentile in Illinois. This means that although Palos Park may not be the rainiest place, it still receives a decent amount of rainfall. When compared to the national average of 50.61 inches and Illinois’s average of 45.69 inches, Palos Park’s precipitation levels are reasonably consistent.
Palos Park’s UV Rating
Palos Park’s average UV rating of 3.93 places it in the 42nd percentile nationally and the 27th percentile within Illinois. This indicates that while Palos Park may not have extremely high UV levels, they are still substantial enough to consider solar energy as a viable option. Compared to the national average of 4.29 and Illinois’s average of 4.21, Palos Park’s UV rating is relatively moderate.
Palos Park’s Cloud Cover
Palos Park experienced an average of 45% cloud cover in the last year, ranking it in the 54th percentile nationwide and the 61st percentile in Illinois. This means that there is a good balance of sunny and cloudy days in Palos Park, providing ample sunlight for solar panels to generate electricity efficiently. With 118 days of clear skies and only 71 days with heavy cloud cover, Palos Park offers favorable conditions for solar energy production.
Palos Park Illinois Electricity Costs
Palos Park residents pay around $0.13/kw for electricity, placing them in the 77th percentile nationally and the 71st percentile in Illinois. Compared to the national average of $0.13/kw and Illinois’s average of $0.12/kw, Palos Park’s electricity costs are on par with the rest of the country. By investing in solar panels, residents can potentially offset these costs and save money in the long run.
When could you expect to break even on a solar installation in Palos Park Illinois?
Considering the weather and electricity costs in Palos Park 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:
- Palos Park gets slightly less rain than the national average, making it a suitable location for solar panels.
- The UV ratings are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Palos Park is around the national average with some variability throughout the year.
Now, let’s consider the electricity costs:
- Residents in Palos Park pay the national average for electricity costs.
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 need to purchase as much from the grid.
- Since Palos Park has average electricity rates, the savings will be consistent over time.
After analyzing the data, it appears that it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the savings on electricity bills will begin to accumulate and pay off the investment. And keep in mind, solar panels have a long lifespan, so you’ll continue to benefit from those savings for many years beyond the break-even point. Investing in solar energy is a smart decision both financially and environmentally!
Investing in solar power in Palos Park Illinois
Installing solar panels in Palos Park, Illinois can be a wise financial choice for residents looking to save money on their electricity bills. By analyzing the weather trends and electricity costs specific to Palos Park, we have determined that investing in solar energy could lead to significant long-term savings. With the initial cost of a solar system expected to be recouped in around 5-6 years, residents can enjoy years of reduced electricity expenses and contribute to a more sustainable environment. Make the smart choice and consider going solar in Palos Park today!