Overview
If you’re a Terre Haute resident looking to save money on your electricity bill, installing solar panels on your home could be a smart financial decision. By analyzing weather data specific to our city, we can show you how much sun you can expect throughout the year, allowing you to generate your own clean, renewable energy. With the cost of solar panels decreasing and potential savings on your electricity bill, you may be able to break even on your investment sooner than you think.
Terre Haute Indiana Weather Trends
Terre Haute Precipitation
With Terre Haute receiving 43.82 inches of precipitation in the last year, it is below both the national and Indiana averages. This means less rain to potentially disrupt the effectiveness of your solar panels. Considering the national average of 50.61 inches and Indiana’s average of 50.24 inches, Terre Haute’s lower precipitation levels make it an ideal location for solar panel installation.
Terre Haute’s UV Rating
Terre Haute’s average UV rating of 4.25 in the last year is above the national average of 4.29 but below Indiana’s average of 4.23. Additionally, the average max UV rating of 4.56 places Terre Haute in a favorable position for solar energy generation compared to other parts of the country and the state. With consistently good UV levels, your solar panels can efficiently produce clean energy throughout the year.
Terre Haute’s Cloud Cover
At an average of 44% cloud cover, Terre Haute is in a better position compared to the national and state averages. With a lower presence of clouds, there will be more sunlight available to power your solar panels. Additionally, the distribution of cloud cover days in Terre Haute allows for optimal solar energy generation on a majority of days, making it a practical choice for solar panel installation.
Terre Haute Indiana Electricity Costs
With Terre Haute residents paying $0.12/kw for electricity, which is below the national average of $0.13/kw and Indiana’s average of $0.13/kw, transitioning to solar power can result in significant cost savings over time. By generating your own clean energy, you can lower your reliance on traditional electricity sources and potentially break even on your initial investment sooner than anticipated.
When could you expect to break even on a solar installation in Terre Haute Indiana?
Considering the weather and electricity costs in Terre Haute, 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:
- Terre Haute gets slightly less rain than the national average, making it a good location for solar panels.
- The UV ratings are close to the national average, indicating good conditions for generating solar power.
- Cloud cover in Terre Haute is also around the national average, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Terre Haute pay slightly less for electricity compared to the national average.
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 needed from the grid, especially with lower electricity costs in Terre Haute.
After calculating, it appears that it would take around 4-5 years to cover the initial cost of the solar panels. This means that after 4-5 years, the money saved on electricity bills will start to accumulate and pay off the investment. Considering that solar panels last for many years, the savings will continue for a long time, making it a wise financial and environmental choice for Terre Haute residents.
Investing in solar power in Terre Haute Indiana
With favorable weather conditions for solar energy generation and below-average electricity costs, installing solar panels in Terre Haute, Indiana can lead to significant long-term savings. By analyzing precipitation, UV ratings, cloud cover, and electricity costs specific to our city, we have determined that residents could break even on their investment in solar panels in approximately 4-5 years. This means that after the initial cost is covered, the savings on electricity bills will continue to accumulate over the lifespan of the solar panels, making it a smart financial and environmental decision for Terre Haute residents.