Overview
Are you tired of high electricity bills in South Orange, New Jersey? Look no further than solar panels to save money in the long run. By analyzing weather data and electricity costs over the course of a year, we can show you how installing a solar system can help you break even sooner than you think. Let’s delve into the numbers and see how solar power can benefit your wallet.
South Orange New Jersey Weather Trends
South Orange Precipitation
With 72.47 inches of precipitation in the last year, South Orange is in the 92nd percentile nationally and the 91st percentile in New Jersey. Comparing this to the national average of 50.61 inches and New Jersey’s average of 65.31 inches, South Orange sees significantly more rainfall, making it an ideal location for harnessing solar energy.
South Orange’s UV Rating
South Orange enjoyed an average UV rating of 3.99 in the last year, placing it in the 45th percentile across the country and the 38th percentile in New Jersey. In comparison to the national average of 4.29 and New Jersey’s average of 4.04, South Orange experiences ample sunlight exposure, making it a prime spot for installing solar panels to maximize energy production.
South Orange’s Cloud Cover
South Orange experienced an average cloud cover of 47% in the last year, ranking it in the 62nd percentile nationally and the 76th percentile in New Jersey. With 102 days of clear skies and 103 days of partial cloud cover, South Orange provides consistent sunlight for solar panel efficiency, outperforming both the national average of 44.46% and New Jersey’s average of 45.99% cloud cover.
South Orange New Jersey Electricity Costs
Residents of South Orange pay about $0.15/kw for electricity, placing them in the 93rd percentile nationwide and the 27th percentile in New Jersey. Despite being higher than the national average of $0.13/kw, South Orange’s electricity cost is lower than New Jersey’s average of $0.16/kw. By investing in solar panels, homeowners can reduce their reliance on traditional energy sources and save money in the long run.
When could you expect to break even on a solar installation in South Orange New Jersey?
Considering the weather and electricity costs in South Orange 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:
- South Orange New Jersey gets more precipitation than the national average, but it still receives a good amount of sunlight for solar panels to work effectively.
- The UV ratings in South Orange New Jersey are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in South Orange New Jersey is slightly higher than the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in South Orange New Jersey pay a bit 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, reducing the amount needed from the grid and saving money on electricity bills.
- With South Orange New Jersey’s higher electricity rates, the savings from using solar power are even greater.
After analyzing the data, it appears that it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Keep in mind that solar panels last for a long time, so once the initial cost is covered, you’ll continue to enjoy savings for many years ahead. It’s a financially savvy choice that also benefits the environment!
Investing in solar power in South Orange New Jersey
Installing solar panels in South Orange, New Jersey can be a smart financial decision for homeowners looking to reduce their electricity bills. With abundant sunlight exposure, consistent weather patterns, and slightly higher electricity costs, investing in solar power could lead to significant savings in the long run. By breaking down the numbers, we have determined that it would take approximately 6 years to recoup the initial cost of a solar installation. Beyond that point, homeowners can enjoy continued savings and environmental benefits for many years to come. Consider harnessing the power of the sun to lighten the load on your wallet and contribute to a greener future.