Overview
With solar energy becoming a popular and cost-effective option for homeowners in Somerdale, New Jersey, it is important to consider the financial benefits of installing solar panels on your home. By analyzing weather data, electricity costs, and the cost of a solar system, we can estimate how long it will take for you to break even and start saving money on your energy bills. Investing in solar panels can provide long-term savings and help you reduce your carbon footprint, making it a smart choice for homeowners looking to save money and protect the environment.
Somerdale New Jersey Weather Trends
Somerdale Precipitation
With 64.03 inches of precipitation in the last year, Somerdale, New Jersey, is in the 79th percentile nationally and the 40th percentile within the state. Comparatively, the national average for total precipitation is 50.61 inches, while New Jersey’s average is 65.31 inches. By harnessing solar energy, you can take advantage of these weather conditions to generate your electricity and reduce your utility expenses.
Somerdale’s UV Rating
Somerdale, New Jersey, had an average UV rating of 4.22 in the last year, placing it in the 54th percentile nationally and the 88th percentile within the state. When it comes to the average UV rating, the national average is 4.29, while New Jersey’s average is 4.04. Additionally, Somerdale had an average max UV rating of 4.55, putting it in the 46th percentile nationally and the 85th percentile within the state. By installing solar panels, you can make the most of the sunlight and increase your energy savings.
Somerdale’s Cloud Cover
With an average of 45% cloud cover in the last year, Somerdale, New Jersey, is in the 54th percentile nationally and the 36th percentile within the state. The national average for cloud cover is 44.46%, while New Jersey’s average is 45.99%. Due to the varying cloud cover throughout the year, investing in solar panels can help you offset any dips in sunlight availability and ensure a consistent supply of clean energy for your home.
Somerdale New Jersey Electricity Costs
Residents of Somerdale pay about $0.18/kw for electricity, placing them in the 96th percentile nationally and the 91st percentile within the state. In comparison, the national average for residential electricity is $0.13/kw, while New Jersey’s average is $0.16/kw. By switching to solar power, you can take control of your energy costs, reduce your electricity bills, and contribute to a greener environment.
When could you expect to break even on a solar installation in Somerdale New Jersey?
Considering the weather and electricity costs in Somerdale, 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:
- Somerdale receives more precipitation than the national average, but it still has enough sun for solar panels to be effective.
- The UV ratings in Somerdale are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Somerdale is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Somerdale 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:
- By generating electricity with solar panels, residents won’t need to purchase as much from the grid, resulting in savings.
- With Somerdale’s higher electricity rates, the savings will be even more significant.
After analyzing the numbers, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. After this period, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels have a long lifespan, the savings will continue for many years to come. Investing in solar panels is not only a smart financial decision but also a way to reduce your carbon footprint and contribute to a greener environment.
Investing in solar power in Somerdale New Jersey
Investing in solar panels in Somerdale, New Jersey, can be a financially beneficial decision for homeowners. By taking advantage of the weather conditions and high electricity costs in the area, residents can expect to break even on their investment in approximately 5 years. Following this period, the accumulated savings on energy bills will continue to grow for many years. Switching to solar power not only helps homeowners save money but also allows them to reduce their carbon footprint and contribute to a cleaner environment. Ultimately, installing solar panels is a wise choice for those looking to save money and protect the planet.