Overview
Are you a Lumberton New Jersey resident looking to save money on your electricity bills? Look no further! In this article, we will show you how installing solar panels on your home can help you break even on your investment in a short amount of time. By analyzing weather data and electricity costs specific to Lumberton, we will demonstrate the financial benefits of going solar in your area. With a breakdown of the cost of a solar system and estimated payback period, you will see just how much you can save by making the switch to solar energy.
Lumberton New Jersey Weather Trends
Lumberton Precipitation
Living in Lumberton, New Jersey, you experience an above-average amount of precipitation compared to the rest of the country. However, when compared to other areas in New Jersey, Lumberton falls in the lower percentiles, meaning you may not have as much rain as other parts of the state. Considering the overall U.S. average of 50.61 inches, and New Jersey’s average of 65.31 inches, installing solar panels can help you take advantage of all this rainwater to generate clean energy for your home.
Lumberton’s UV Rating
With an average UV rating of 4.22, Lumberton is right around the national average of 4.29 but surpasses the state average of 4.04. Having a higher UV rating means more sunlight, which translates to increased energy production from your solar panels. With the potential to harness this abundant sunlight, you can generate more electricity and save even more on your utility bills compared to other areas in New Jersey and the country.
Lumberton’s Cloud Cover
Despite having an average of 44% cloud cover, Lumberton is in a decent position compared to the rest of the nation and New Jersey. The cloud cover percentage falls around the national average of 44.46% and is slightly lower than the state average of 45.99%. This means that most days in Lumberton offer enough sunlight to effectively power your solar panels and reduce your dependence on grid electricity, leading to more environmental and financial benefits for you.
Lumberton New Jersey Electricity Costs
At $0.17/kw, Lumberton residents pay slightly more for electricity than the national average of $0.13/kw but are just above the state average of $0.16/kw. By switching to solar energy, you can lower your overall energy costs significantly and shield yourself from rising electricity prices in the future. With a favorable payback period, investing in solar panels in Lumberton will provide you with long-term savings and a greener lifestyle.
When could you expect to break even on a solar installation in Lumberton New Jersey?
Considering the weather and electricity costs in Lumberton, 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:
- Lumberton gets slightly more rain than the national average, but it still has enough sunshine for solar panels to work effectively.
- The UV ratings in Lumberton are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Lumberton is about average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lumberton 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 Lumberton’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 Lumberton New Jersey
By analyzing the weather trends and electricity costs specific to Lumberton, New Jersey, it is clear that investing in solar panels can lead to significant financial benefits for residents. With an expected payback period of around 8 years, the initial cost of installing a solar system can be recouped, resulting in years of savings on electricity bills. Taking advantage of Lumberton’s sunlight and slightly above-average precipitation, residents can make the switch to solar energy and enjoy both economic and environmental advantages. So, if you’re looking to save money and reduce your carbon footprint, going solar in Lumberton is a smart choice!