Overview
If you are a resident of Pekin, Indiana, you may be interested in learning about the financial benefits of installing solar panels on your home. By analyzing weather data and electricity costs specific to Pekin, we can show you how much you can save over time by making the switch to solar energy. With information on precipitation, UV ratings, cloud cover, and electricity expenses, we will break down the cost of a solar system and estimate how long it will take for you to break even on your investment.
Pekin Indiana Weather Trends
Pekin Precipitation
With Pekin, Indiana receiving 39.89 inches of precipitation in the last year, you may be surprised to learn that this puts Pekin below the national and state averages. This means that Pekin has potential for ample sunlight, making it an ideal location for solar panel installation.
Pekin’s UV Rating
Considering that Pekin, Indiana has an average UV rating of 3.52, which is below both the national and state averages, there is a significant opportunity for solar energy production. With plenty of sunshine in the area, harnessing this energy through solar panels can potentially lead to substantial savings on your electricity bills in the long run.
Pekin’s Cloud Cover
Despite Pekin, Indiana having an average of 58% cloud cover, which is higher than both the national and state averages, there are still plenty of sunny days throughout the year. This means that even with occasional cloud cover, you can benefit from solar energy and see a significant reduction in your electricity costs over time.
Pekin Indiana Electricity Costs
With Pekin residents paying about $0.13/kw for electricity, which is on par with the national average but below the state average, switching to solar power can lead to substantial financial benefits. By investing in solar panels, you can take control of your electricity expenses and potentially save money in the long term.
When could you expect to break even on a solar installation in Pekin Indiana?
Considering the weather and electricity costs in Pekin, Indiana, 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:
- Pekin, Indiana receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Pekin are a bit lower than the national average, but still suitable for generating solar power.
- Cloud cover in Pekin is higher than the national average, which can impact solar panel efficiency.
Now, let’s consider the electricity costs:
- Residents in Pekin, Indiana pay the national average price for electricity.
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 bought from the grid.
- Given the average electricity costs in Pekin, the savings will help offset the initial investment.
After calculations, it appears that it would take approximately 5 years to cover the initial cost of the solar panels in Pekin. Once this period ends, the saved money on electricity bills will accumulate and pay off the investment. Furthermore, solar panels have a long lifespan, ensuring continued savings for years to come. Investing in solar panels not only helps in cost savings but also benefits the environment in the long run.
Investing in solar power in Pekin Indiana
Installing solar panels in Pekin, Indiana can be a smart financial decision for residents. By taking into account the weather trends and electricity costs specific to the area, it is evident that solar energy can lead to substantial savings over time. With lower precipitation levels, decent UV ratings, and despite higher cloud cover, Pekin is a suitable location for solar panel installation. By investing in a solar system, residents can expect to break even on their initial investment in approximately 5 years and continue to save money on electricity bills for years to come. Not only does switching to solar power benefit homeowners financially, but it also contributes to environmental sustainability in the long run.