Overview
In Standard Illinois, installing solar panels on your home can lead to significant long-term cost savings on electricity. By analyzing weather data and electricity costs over a year, we can show you how much you can potentially save by going solar. We will break down the cost of a solar system, estimate the time it will take to break even, and highlight the financial benefits of making the switch to solar energy.
Standard Illinois Weather Trends
Standard Precipitation
With Standard Illinois receiving 43.18 inches of precipitation in the last year, it falls below the national average of 50.61 inches, but slightly above Illinois’s average of 45.69 inches. Despite being in the 34th percentile in the nation, and the 44th percentile in Illinois, the amount of precipitation is enough to support solar energy generation and help you save on electricity costs.
Standard’s UV Rating
Standard Illinois’s average UV rating of 4.03 and average max UV rating of 4.35 indicate a moderate level of sunlight exposure. While these ratings place Standard in the 47th and 42nd percentiles in the nation, and the 39th and 40th percentiles in Illinois, the amount of sunlight received is suitable for generating solar energy, making it a viable option for your home.
Standard’s Cloud Cover
With an average of 44% cloud cover, Standard Illinois experiences a moderate amount of cloudiness. The distribution of cloud cover days throughout the year offers a balance for solar energy generation, ensuring you can still benefit financially from installing solar panels on your home. Despite being in the 52nd percentile in the nation, and the 55th percentile in Illinois, the cloud cover is manageable for solar energy production.
Standard Illinois Electricity Costs
Compared to the national and state averages, Standard Illinois residents pay a lower rate of about $0.1/kw for electricity. This places Standard in the 6th percentile in the nation, and the 4th percentile in Illinois for electricity costs. By harnessing solar energy, you can further reduce your electricity expenses and enjoy long-term savings on your energy bills.
When could you expect to break even on a solar installation in Standard Illinois?
Considering the weather and electricity costs in Standard 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:
- Standard Illinois receives slightly less precipitation than the national average, making it a good environment for solar panel efficiency.
- The UV ratings in Standard Illinois are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Standard Illinois is close to the national average, with some variability throughout the year.
Now, let’s consider the electricity costs:
- Residents in Standard Illinois pay a lower rate for electricity compared to the national average, which can affect the savings from using solar power.
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 solar system reduces the amount of electricity needed from the grid, resulting in potential savings on electricity bills.
- With Standard Illinois’ lower electricity rates, the savings might not be as high as in other areas, impacting the payback period.
After analyzing the data, it seems like it could take around 10-12 years to cover the initial cost of the solar panels in Standard Illinois. This means that after this period, the savings on electricity bills will start to accumulate and offset the investment. Considering the long lifespan of solar panels, the savings in the following years can provide a substantial return on the initial investment. It’s a wise financial decision that also contributes to a greener environment!
Investing in solar power in Standard Illinois
Installing solar panels in Standard Illinois can be a smart financial decision in the long run. With lower electricity costs and suitable weather conditions for solar energy generation, you could break even on your investment within 10-12 years. After that, the savings on your electricity bills will continue to accumulate, providing a significant return on your initial investment. Not only will you be saving money, but you will also be contributing to a more sustainable and environmentally friendly future. Switching to solar energy in Standard Illinois is a win-win situation for your wallet and the planet.