Overview
If you’re a Lakewood, Pennsylvania resident looking to save money on your electricity bill, installing solar panels may be the perfect solution for you. By analyzing weather data specific to Lakewood, including average precipitation, UV ratings, and cloud cover, we can demonstrate how solar energy can significantly reduce your monthly expenses. In this article, 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 power.
Lakewood Pennsylvania Weather Trends
Lakewood Precipitation
With Lakewood, Pennsylvania receiving 65.45 inches of precipitation in the last year, it is clear that this region experiences a significant amount of rain. Compared to the rest of the country, Lakewood falls in the 81st percentile, showcasing its above-average rainfall. In comparison to the rest of Pennsylvania, Lakewood is in the 80th percentile for precipitation. By harnessing this abundant natural resource, solar panels can efficiently generate electricity, leading to substantial savings over time.
Lakewood’s UV Rating
With an average UV rating of 3.25 in the last year, Lakewood, Pennsylvania may experience moderate exposure to sunlight. When compared to the national average of 4.29, and Pennsylvania’s average of 3.82, Lakewood is in the 9th percentile in the nation and 5th percentile in the state. Despite these lower UV ratings, solar panels can still be a wise investment, providing clean energy and reducing dependency on traditional power sources.
Lakewood’s Cloud Cover
With an average of 61% cloud cover in the last year, Lakewood, Pennsylvania experiences a high amount of cloudy days. This puts Lakewood in the 97th percentile in the nation and the 95th percentile in Pennsylvania for cloud cover. Despite the frequent cloud coverage, solar panels can still effectively generate electricity during periods of sunlight. By taking advantage of sunny days, Lakewood residents can reap the financial and environmental benefits of solar power.
Lakewood Pennsylvania Electricity Costs
Residents of Lakewood, Pennsylvania pay approximately $0.14/kw for electricity, positioning the region in the 86th percentile in the nation and the 84th percentile in Pennsylvania. While slightly higher than the national average of $0.13/kw, and Pennsylvania’s average of $0.13/kw, investing in solar panels can help offset these costs in the long run. By harnessing the power of the sun, homeowners can reduce their electricity bills and contribute to a more sustainable future for Lakewood.
When could you expect to break even on a solar installation in Lakewood Pennsylvania?
Considering the weather and electricity costs in Lakewood, Pennsylvania, 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:
- Lakewood receives more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings are slightly lower than the national average, but they’re still decent for generating solar power.
- Cloud cover in Lakewood is higher than the national average, which can impact solar panel efficiency.
- Lakewood residents experience a range of cloud cover throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lakewood pay slightly more for electricity compared to the national average.
With this information, let’s break down the costs:
- A standard 10kW solar system 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 generates electricity, reducing the amount purchased from the grid.
- Given Lakewood’s higher electricity rates, the savings from solar power are significant.
After analyzing the numbers, it appears that it would take around 7-8 years to cover the initial cost of the solar panels. This means that after 7-8 years, the money saved on electricity bills will start to accumulate and offset the investment. Since solar panels have a lifespan of 25-30 years, the long-term savings and environmental benefits make solar energy a wise choice for Lakewood residents.
Investing in solar power in Lakewood Pennsylvania
By analyzing the weather trends and electricity costs in Lakewood, Pennsylvania, it is evident that investing in solar panels can lead to significant savings over time. Despite the region’s high precipitation and cloud cover, solar panels can still efficiently generate electricity, helping residents reduce their reliance on traditional power sources. With a break-even period estimated at around 7-8 years, homeowners can start to reap the financial benefits of solar energy and contribute to a more sustainable future. Making the switch to solar power in Lakewood can not only save money on electricity bills but also have a positive impact on the environment.