Overview
Are you a Farmingdale, New Jersey resident looking to save money on your electricity bills? Installing solar panels on your home could be a wise financial decision. In this article, we will explore the cost of a solar system for your home, analyze the weather data in Farmingdale, and estimate how long it will take for you to break even on your investment. By taking advantage of the sunny weather and high UV ratings in Farmingdale, you could potentially save thousands of dollars in the long run.
Farmingdale New Jersey Weather Trends
Farmingdale Precipitation
With Farmingdale receiving 66.07 inches of precipitation in the last year, it is clear that the area sees a decent amount of rainfall. However, this level only puts Farmingdale in the 82nd percentile in the nation and the 52nd percentile in New Jersey. Comparing this to the national average of 50.61 inches shows that Farmingdale does experience above-average precipitation. Yet, New Jersey’s average of 65.31 inches surpasses Farmingdale’s total. Despite this, the occasional rainfall can still benefit solar panels by helping keep them clean and efficient.
Farmingdale’s UV Rating
Farmingdale’s average UV rating of 4.07 in the last year places it in the 49th percentile in the nation and the 66th percentile in New Jersey. While it may seem average, Farmingdale’s climate is adequate for generating solar energy. Comparing this to the national average UV rating of 4.29 and New Jersey’s average of 4.04, it is evident that Farmingdale’s UV levels are close to or better than the averages. The high max UV rating of 4.36 exemplifies the potential for efficient solar panel operation in Farmingdale.
Farmingdale’s Cloud Cover
At an average of 45% cloud cover in the last year, Farmingdale experiences a moderate amount of cloudy days. This places Farmingdale in the 54th percentile in the nation and the 33rd percentile in New Jersey. Despite the slightly above-average overall cloud cover, the range of cloud cover days offers a balance. With 116 clear days and 77 overcast days, there are plenty of opportunities for solar panels to harness sunlight effectively. Farmingdale’s cloud cover is relatively favorable for solar energy production.
Farmingdale New Jersey Electricity Costs
Residential electricity costs in Farmingdale are around $0.13/kw, positioning the area in the 71st percentile in the nation and the 9th percentile in New Jersey. Although New Jersey’s average residential electricity cost is slightly higher at $0.16/kw, Farmingdale residents still benefit from lower rates. By harnessing the abundant sunlight in the area, homeowners can reduce their reliance on traditional, more expensive energy sources, ultimately saving money on their electricity bills in the long run.
When could you expect to break even on a solar installation in Farmingdale New Jersey?
Considering the weather and electricity costs in Farmingdale 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:
- Farmingdale New Jersey receives more precipitation compared to the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Farmingdale New Jersey are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Farmingdale New Jersey is around the national average, with some variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Farmingdale New Jersey pay the national average price for electricity.
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 less electricity needs to be bought from the grid.
- With the average electricity costs, the savings from using solar power are consistent.
After analyzing the data, it appears that it would take around 5 to 6 years to cover the initial cost of the solar panels. This means, after 5 to 6 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years after the initial investment is recouped. Investing in solar energy is a wise choice for saving money and contributing to a more sustainable future!
Investing in solar power in Farmingdale New Jersey
Based on the weather trends and electricity costs in Farmingdale, New Jersey, it is evident that installing solar panels on your home can lead to significant savings in the long run. With the abundant sunshine in Farmingdale, despite the occasional rainfall and moderate cloud cover, solar panels can effectively generate power. Additionally, the lower residential electricity costs in the area compared to the national average make solar energy an attractive option for homeowners. By investing in solar panels, residents of Farmingdale can expect to break even on their initial investment in around 5 to 6 years, with continuous savings and benefits for many more years to come. Choosing solar energy not only saves money but also contributes to a more sustainable future for Farmingdale residents.