Overview
In Streator, Illinois, installing solar panels on your home can lead to significant financial savings over time. By analyzing weather data and electricity costs specific to Streator, we can show you how much you can save on your energy bills with a solar system. With the right information and calculations, we can estimate how long it will take for you to break even on your investment, allowing you to make an informed decision about going solar.
Streator Illinois Weather Trends
Streator Precipitation
With Streator Illinois receiving 39.73 inches of precipitation in the last year, it falls below the national average of 50.61 inches and the Illinois average of 45.69 inches. This means that the potential for utilizing solar panels to capture sunlight for energy generation is high in Streator compared to other locations.
Streator’s UV Rating
Streator Illinois boasts an average UV rating of 4.01, putting it ahead of the national average of 4.29 but slightly below the Illinois average of 4.21. With an average max UV rating of 4.33, Streator offers ample sunlight for solar panels to efficiently convert into usable electricity.
Streator’s Cloud Cover
Despite having an average of 45% cloud cover in the last year, which is slightly higher than the national and Illinois averages, Streator still experiences a significant number of clear days suitable for solar energy production. With a mix of cloud cover percentages throughout the year, there are ample opportunities to harness the power of the sun for electricity.
Streator Illinois Electricity Costs
Residents of Streator pay about $0.13/kw for electricity, which is on par with the national average but slightly higher than the Illinois average of $0.12/kw. By installing solar panels, homeowners can take advantage of the abundant sunlight and potentially offset their electricity costs, leading to long-term savings on energy bills.
When could you expect to break even on a solar installation in Streator Illinois?
Considering the weather and electricity costs in Streator, 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:
- Streator gets slightly less rain than the national average, which is good for solar panels.
- The UV ratings in Streator are slightly lower than the national average but still suitable for generating solar power.
- Cloud cover in Streator is close to the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Streator pay the national average for electricity, which is beneficial when it comes to calculating savings from 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 system generates electricity, reducing the amount purchased from the grid.
- Since Streator has average electricity rates, the savings are consistent throughout the year.
After analyzing the data, it seems like it would take around 5 to 6 years to cover the initial cost of the solar panels. This means that after 5 to 6 years, the money saved on electricity bills will start to accumulate and offset the investment. Additionally, since solar panels have a long lifespan, you will continue to benefit from these savings for many more years. It’s a wise investment for saving money and contributing to environmental sustainability!
Investing in solar power in Streator Illinois
Installing solar panels in Streator, Illinois can result in significant long-term financial savings. By examining local weather data and electricity costs, we can estimate the potential savings and break-even point for investing in solar energy. With lower precipitation, favorable UV ratings, and a mix of cloud cover suitable for solar power generation, Streator offers an ideal environment for utilizing solar panels. Residents paying average electricity rates can expect to recoup the initial investment in solar panels within 5 to 6 years, with continued savings and benefits for years to come. Investing in solar power is not only a smart financial decision but also a step towards environmental sustainability.