Overview
If you live in Westville, Illinois, installing solar panels on your home could save you money in the long run. By analyzing local weather data and electricity costs, we will break down the financial benefits of investing in a solar system. With the potential to break even within a certain timeframe, this article aims to show you why going solar could be a smart financial decision for your household.
Westville Illinois Weather Trends
Westville Precipitation
With Westville, Illinois receiving 40.79 inches of precipitation last year, it falls below the national average of 50.61 inches. Compared to the rest of Illinois, Westville is also lower than the state average of 45.69 inches. By having lower precipitation levels, residents can take advantage of sunny days to generate more solar energy, ultimately saving money on their electricity bills.
Westville’s UV Rating
Westville, Illinois has an average UV rating of 4.08, which is slightly lower than the national average of 4.29. However, compared to the rest of Illinois, Westville’s UV rating is slightly better than the state average. With a decent UV rating, residents can capitalize on the sun’s rays to produce more solar energy, leading to potential long-term savings on electricity costs.
Westville’s Cloud Cover
Westville, Illinois experiences an average of 45% cloud cover, which is slightly higher than the national average of 44.46%. However, compared to the rest of Illinois, Westville’s cloud cover is lower than the state average of 44.03%. With a good balance of cloud cover, residents can still harness solar energy effectively and reduce their reliance on traditional electricity sources.
Westville Illinois Electricity Costs
Residents of Westville, Illinois pay about $0.1/kw for electricity, which is lower than the national average of $0.13/kw. Compared to the rest of Illinois, Westville residents also enjoy cheaper electricity costs as the state average is $0.12/kw. By investing in solar panels, residents can further reduce their electricity expenses and potentially save more money in the long run.
When could you expect to break even on a solar installation in Westville Illinois?
Considering the weather and electricity costs in Westville 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:
- Westville Illinois receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Westville Illinois are slightly lower than the national average, but still conducive for generating solar power.
- Cloud cover in Westville Illinois is close to the national average with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Westville Illinois pay less 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 system generates electricity, reducing the amount needed from the grid and lowering electricity costs.
- Given the lower electricity rates in Westville Illinois, the savings may take longer to cover the initial cost compared to areas with higher rates.
After analyzing the data, it’s estimated that it would take around 7-8 years to cover the initial cost of the solar panels in Westville Illinois. This means that after this period, the savings on electricity bills will begin to accumulate and make the investment worthwhile. Additionally, with the longevity of solar panels, these savings will continue for many years to come. Investing in solar power is a smart financial decision that also benefits the environment.
Investing in solar power in Westville Illinois
After analyzing the weather trends and electricity costs in Westville, Illinois, it is clear that investing in solar panels can result in significant financial benefits for residents. With lower precipitation levels, decent UV ratings, and a good balance of cloud cover, Westville provides a conducive environment for generating solar energy. Additionally, with cheaper electricity costs compared to the national average, residents stand to save money in the long run by installing solar panels. Based on the data, it is estimated that it would take around 7-8 years to break even on the initial cost of a solar system in Westville Illinois. This investment not only leads to savings on electricity bills but also contributes to a more sustainable future. Going solar in Westville is indeed a smart financial decision for households looking to save money and reduce their reliance on traditional electricity sources.