Overview
Are you a Garwood, New Jersey resident looking to save money on your electricity bills? Installing solar panels on your home can help you do just that! In this article, we will break down the financial benefits of switching to solar energy by analyzing weather data specific to Garwood, as well as looking at basic electricity costs. By comparing the cost of a solar system to your current energy expenses, we will estimate how long it will take for you to break even and start enjoying the savings that come with harnessing the power of the sun.
Garwood New Jersey Weather Trends
Garwood Precipitation
With Garwood, New Jersey receiving 65.93 inches of precipitation in the last year, you may be concerned about the impact of weather on solar panel efficiency. However, Garwood falls slightly above the national average of 50.61 inches but below the New Jersey average of 65.31 inches. Despite this, installing solar panels can still be a financially smart decision.
Garwood’s UV Rating
Garwood, New Jersey had an average UV rating of 4.03 in the last year. While this may not seem as high as other areas, it is in line with both the national average of 4.29 and the New Jersey average of 4.04. With an average max UV rating of 4.3, Garwood is close to the national average of 4.61 and above the New Jersey average of 4.31. This makes Garwood a suitable location for solar panel installation.
Garwood’s Cloud Cover
In the last year, Garwood had an average of 46% cloud cover. While this puts Garwood slightly above the national average of 44.46%, it is lower than the New Jersey average of 45.99%. With a good balance of sunny and cloudy days, Garwood provides favorable conditions for solar energy production. Even on days with higher cloud cover, your solar panels can still generate significant electricity savings.
Garwood New Jersey Electricity Costs
Garwood residents pay about $0.17/kw for electricity, which is higher than the national average of $0.13/kw but slightly below the New Jersey average of $0.16/kw. By installing solar panels, you can reduce your dependence on traditional electricity sources and lock in lower energy costs for years to come. With higher electricity rates in Garwood compared to the national average, going solar can help you save money over time.
When could you expect to break even on a solar installation in Garwood New Jersey?
Considering the weather and electricity costs in Garwood, New Jersey, 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:
- Garwood gets more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings in Garwood are slightly lower than the national average, but they’re still good for generating solar power.
- Cloud cover in Garwood is about average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Garwood pay more 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, which means we don’t need to buy as much from the grid.
- With Garwood’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 8 years to cover the initial cost of the solar panels. That means, after 8 years, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in Garwood New Jersey
Switching to solar energy in Garwood, New Jersey can be a smart financial decision for residents looking to save money on electricity bills. Despite slightly higher than average precipitation, the UV ratings and cloud cover in Garwood provide favorable conditions for solar panel efficiency. With electricity costs in Garwood also higher than the national average, investing in solar panels could lead to significant long-term savings. By analyzing weather data and electricity costs, it is estimated that it would take around 8 years to break even on a solar panel installation in Garwood. After this initial period, residents can enjoy the savings and benefits of harnessing the power of the sun for many years to come.