Overview
Discover the financial benefits of installing solar panels on your home in Fair Lawn, New Jersey. By analyzing weather data and electricity costs over the course of a year, we will show you how much money you can save by making the switch to solar energy. Learn about the costs of a solar system, the estimated time it will take to break even, and how you can start saving money while reducing your carbon footprint.
Fair Lawn New Jersey Weather Trends
Fair Lawn Precipitation
With an average of 72.31 inches of precipitation in the last year, Fair Lawn, New Jersey ranks in the top 10% of the nation and the top 10% of the state. Compared to the national average of 50.61 inches and New Jersey’s average of 65.31 inches, Fair Lawn experiences more rainfall, making it an ideal location for harnessing solar energy.
Fair Lawn’s UV Rating
At an average UV rating of 3.97, Fair Lawn falls in the middle compared to the rest of the nation and is below New Jersey’s average. With a maximum UV rating of 4.28, Fair Lawn is slightly below the national and state averages. Despite this, Fair Lawn still receives plenty of sunshine, making it a viable location for solar panel installations.
Fair Lawn’s Cloud Cover
With an average cloud cover of 46%, Fair Lawn sits comfortably in the middle compared to national and state averages. The variety of cloud cover percentages throughout the year provides opportunities for solar panels to generate electricity consistently. Over 100 days a year have minimal cloud cover, ensuring ample sunlight for solar energy production.
Fair Lawn New Jersey Electricity Costs
Residents of Fair Lawn pay about $0.17/kw for electricity, ranking in the top 4% of the nation and the top 27% of the state. While this cost is higher than the national average of $0.13/kw, it is still competitive with New Jersey’s average of $0.16/kw. By transitioning to solar energy, residents can take control of their electricity costs and reduce their reliance on traditional utility companies.
When could you expect to break even on a solar installation in Fair Lawn New Jersey?
Considering the weather and electricity costs in Fair Lawn 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:
- Fair Lawn New Jersey gets more rain than the national average, but it still has enough sun for solar panels to work effectively.
- The UV ratings in Fair Lawn New Jersey are slightly lower than the national average, but they’re still good for generating solar power.
- Cloud cover in Fair Lawn New Jersey is around the average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Fair Lawn New Jersey 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 Fair Lawn New Jersey’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 5 years to cover the initial cost of the solar panels. That means, after 5 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 Fair Lawn New Jersey
By analyzing the weather trends and electricity costs in Fair Lawn, New Jersey, it is evident that installing solar panels can be a financially beneficial decision. With ample sunlight despite the average cloud cover and competitive electricity rates, residents can expect to break even on their investment in solar panels in approximately 5 years. This means that after this initial period, the savings on electricity bills will continue to accumulate, providing both financial savings and a reduced carbon footprint for years to come. Making the switch to solar energy in Fair Lawn is a smart choice for those looking to save money and contribute to a more sustainable future.