Overview
Are you a Quincy, Illinois resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution! By analyzing local weather data and electricity costs, we have calculated that a solar system in Quincy can help you break even in just a few years and start saving money in the long run. Learn how harnessing the power of the sun can be a smart financial investment for your home.
Quincy Illinois Weather Trends
Quincy Precipitation
With Quincy, Illinois receiving 38.34 inches of precipitation in the last year, you may be surprised to learn that this puts Quincy below the national average of 50.61 inches. Compared to the rest of Illinois, Quincy falls even lower at the 9th percentile. Less precipitation means fewer rainy days, which is ideal for maximizing the efficiency of your solar panels.
Quincy’s UV Rating
When it comes to UV ratings, Quincy Illinois shines bright with an average rating of 4.32. This places Quincy in the 59th percentile in the country and the 71st percentile in Illinois. With an average max UV rating of 4.68, Quincy continues to outperform the national average. More sunshine means more energy for your solar panels to harness, leading to increased savings on your electricity bills.
Quincy’s Cloud Cover
Quincy Illinois boasts an average cloud cover of 40%, which is lower than both the national and state averages. With 141 days of minimal cloud cover in the last year, Quincy’s skies offer ample opportunity for your solar panels to soak up the sun’s rays. Less cloud cover means more consistent energy production, equating to greater long-term savings for your household.
Quincy Illinois Electricity Costs
At just $0.1/kw for electricity, Quincy residents benefit from lower costs compared to both the national and state averages. Ranking in the 6th percentile nationwide and the 4th percentile in Illinois, Quincy’s electricity rates make investing in solar panels even more financially rewarding. By harnessing the power of the sun, you can take control of your energy expenses and secure a sustainable future for your home.
When could you expect to break even on a solar installation in Quincy Illinois?
Considering the weather and electricity costs in Quincy, 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:
- Quincy gets slightly less precipitation than the national average, making it a suitable location for solar panels.
- The UV ratings in Quincy are close to the national average, indicating good conditions for generating solar power.
- Cloud cover in Quincy is lower than the national average, with around 40% coverage on average.
Now, let’s consider the electricity costs:
- Residents in Quincy pay less for electricity compared to the national average, with a rate of $0.10/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, which means residents would buy less from the grid, resulting in savings.
- With Quincy’s lower electricity rates, the savings are still significant.
After looking at the numbers, it seems that it would take around 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the money saved on electricity bills will begin to offset the investment. Additionally, since solar panels have a lifespan of 25-30 years, the savings will continue for many years beyond the break-even point. Investing in solar panels is not only financially beneficial but also environmentally friendly, making it a wise choice for Quincy residents.
Investing in solar power in Quincy Illinois
Installing solar panels in Quincy, Illinois can be a smart financial move for residents. With lower precipitation, higher UV ratings, and minimal cloud cover, the conditions are ideal for maximizing energy production from solar systems. Add in the lower electricity costs compared to national averages, and you have a recipe for significant savings in the long run. By considering all these factors, it’s clear that investing in solar panels can help Quincy residents break even on their investment in just a few years and enjoy continued savings for decades to come. So why wait? Harness the power of the sun and start saving on your electricity bills today!