Overview
In Rosemont Illinois, installing solar panels on your home can lead to significant financial savings. By analyzing weather data and electricity costs over the course of 365 days, it is evident that the average amount of sunlight received is optimal for solar energy production. With the cost of a solar system broken down and an estimation of the time it will take to break even, residents can see the long-term benefits of making the switch to solar power.
Rosemont Illinois Weather Trends
Rosemont Precipitation
With Rosemont receiving 43.84 inches of precipitation in the last year, it is evident that the area does not experience excessive rainfall, ranking in the 35th percentile nationally and the 50th percentile within Illinois. This means that solar panels can operate efficiently without being hindered by constant rainfall, unlike regions with higher precipitation levels.
Rosemont’s UV Rating
Featuring an average UV rating of 3.86 in the last year, Rosemont is positioned in the 39th percentile nationally and the 18th percentile in Illinois. While the UV rating may not be the highest, it is still sufficient for effective solar energy production. With a maximum UV rating of 4.08, Rosemont’s solar panels can harness ample sunlight for energy generation.
Rosemont’s Cloud Cover
Rosemont Illinois experienced an average of 47% cloud cover over the past year, ranking in the 61st percentile nationally and the 81st percentile in Illinois. Although some cloud cover is present, it is not significant enough to impede solar panel performance. With a balance of sunny and cloudy days, the solar system can still generate substantial energy throughout the year.
Rosemont Illinois Electricity Costs
Residents of Rosemont pay around $0.13/kw for electricity, which positions the area in the 77th percentile nationally and the 71st percentile in Illinois. Compared to the national average of $0.13/kw, Rosemont’s electricity rates are on par. However, it is essential to note that Illinois’s average residential electricity cost is slightly lower at $0.12/kw. By installing solar panels, residents can significantly reduce their reliance on traditional electricity sources and save money in the long run.
When could you expect to break even on a solar installation in Rosemont Illinois?
Considering the weather and electricity costs in Rosemont, 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:
- Rosemont gets slightly less rainfall than the national average, making it a good location for solar panels.
- The UV ratings in Rosemont are lower than the national average but still suitable for generating solar power.
- Cloud cover in Rosemont is slightly above the national average, varying throughout the year.
Now, let’s consider the electricity costs:
- Residents in Rosemont 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 that needs to be purchased from the grid.
- With average electricity rates, the savings from using solar panels are significant.
Based on the calculations, it would take approximately 5 years to cover the initial cost of the solar panels. After this period, the money saved on electricity bills will start accumulating, eventually paying off the investment. Since solar panels have a lifespan of 25-30 years, the savings will continue for many years to come. Investing in solar power not only saves money but also contributes to a cleaner environment.
Investing in solar power in Rosemont Illinois
Installing solar panels in Rosemont, Illinois is a wise financial decision that can lead to significant savings over time. By analyzing the weather trends and electricity costs in the area, it is clear that Rosemont receives enough sunlight for efficient solar energy production and has electricity rates that make solar power a cost-effective alternative. Based on the calculations, residents can expect to break even on their solar panel investment in approximately 5 years, with long-term savings accumulating thereafter. Not only does solar power help save money, but it also contributes to a cleaner and more sustainable environment for future generations.