Exploring the Solar Energy Landscape in Peoria, IL
Peoria, Illinois, has emerged as a significant hub for solar energy, distinguished by its solar potential, competitive costs, and a wide range of incentives and installers.
Solar Potential in Peoria: Key Metrics
Aspect | Detail |
Average Roof Size | 626 sq. ft. |
System Capacity | 8.75 kW DC |
Annual Electricity Output | 10.1k kWh AC |
Cost Analysis and Savings Potential in Peoria
Initial Investment and Long-term Benefits
Cost Factor | Peoria | US Average |
Out-of-Pocket Cost (5 kW System) | $18,500 | $18,172 |
Average Payback Period | 11 years | 11 years |
Net 20-Year Savings | $15,341 | $14,915 |
Comparative Analysis of System Sizes
Based on the statistics for a 3 kW system, the following are extrapolated values:
System Size | Annual Production (kWh) | Estimated Monthly Savings | Full Payback Period |
3 kW | 4,281 | $68 | 14 years |
4 kW | 5,708 | $91 | ~14 years |
5 kW | 7,135 | $113 | ~13-14 years |
6 kW | 8,562 | $136 | ~13 years |
7 kW | 9,989 | $158 | ~13 years |
Environmental Impact of Solar Energy in Peoria
Environmental Impact | Equivalent Benefit |
CO2 Emission Reduction | 1.16 tons per year |
Equivalent to Planting | 53 trees annually |
Driving Reduction | 2,873 miles less per year |
Incentives and Rebates for Solar Energy in Peoria
Peoria offers several incentives to encourage solar adoption:
Solar Installers in Peoria
Peoria boasts 45 verified solar installers, offering a range of services including installation, energy storage solutions, and financial consulting.
Frequently Asked Questions - Solar Energy in Peoria Illinois
Are there limits on solar panel installations in Peoria homes?
The main constraints include roof space, electricity usage, net metering policies, and the electrical capacity of the home.
What is the cost of installing solar panels in Peoria?
The average installation cost is $3.7 per watt, meaning a 10kW system may cost around $37,000, with variations based on specific project requirements.
How do solar panels affect property values in Peoria?
Following national trends, homes with solar panels in Peoria tend to sell for approximately 4.1% more, as per a 2019 Zillow study.
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