Overview
In West Deptford, New Jersey, installing solar panels on your home can lead to significant financial savings in the long run. By analyzing weather data and electricity costs specific to the area, we can estimate how quickly you will break even on your investment. With factors like inches of precipitation, average UV ratings, and percentage cloud cover taken into account, it is clear that solar energy is a wise choice for residents looking to reduce their electricity bills and minimize their environmental impact.
West Deptford New Jersey Weather Trends
West Deptford Precipitation
With only 33.75 inches of precipitation in the last year, West Deptford is in the 16th percentile in the nation and the 1st percentile in New Jersey. Compared to the national average of 50.61 inches and New Jersey’s average of 65.31 inches, West Deptford’s lower precipitation levels make it an ideal location for solar panels.
West Deptford’s UV Rating
West Deptford’s average UV rating of 5.98 in the last year places it in the 96th percentile in the nation and the 99th percentile in New Jersey. With the national average UV rating at 4.29 and New Jersey’s average at 4.04, the higher UV levels in West Deptford make it a prime location for harnessing solar energy effectively.
West Deptford’s Cloud Cover
Having an average of 38% cloud cover in the last year places West Deptford in the 21st percentile in the nation and the 1st percentile in New Jersey. Compared to the national average of 44.46% and New Jersey’s average of 45.99%, the lower cloud cover in West Deptford means more sunlight for your solar panels to convert into energy.
West Deptford New Jersey Electricity Costs
West Deptford residents pay about $0.18/kw for electricity, placing them in the 96th percentile in the nation and the 91st percentile in New Jersey. With the national average at $0.13/kw and New Jersey’s average at $0.16/kw, utilizing solar panels in West Deptford can lead to significant savings on your electricity bill in the long run.
When could you expect to break even on a solar installation in West Deptford New Jersey?
Considering the weather and electricity costs in West Deptford, 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:
- West Deptford gets slightly less rain than the national average, which is good for solar panel efficiency.
- The UV ratings in West Deptford are higher than the national average, making it a great location for solar power generation.
- Cloud cover in West Deptford is lower than the national average, with only 38% on average throughout the year.
Now, let’s consider the electricity costs:
- Residents in West Deptford pay more for electricity compared to the national average, at about $0.18/kw.
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 purchased from the grid.
- With West Deptford’s higher electricity rates, the savings from solar power are significant.
After crunching the numbers, it looks like it would take around 8-10 years to cover the initial cost of the solar panels. This means that after 8-10 years, the money saved on electricity bills will start to add up and pay off the investment. And since solar panels last for 25-30 years, you’ll continue to enjoy those savings for many years after breaking even. It’s a smart investment that not only saves money but also helps the environment!
Investing in solar power in West Deptford New Jersey
By analyzing the weather data and electricity costs specific to West Deptford, New Jersey, it is clear that investing in solar panels can lead to significant financial savings in the long run. With lower precipitation levels, higher UV ratings, and lower cloud cover, West Deptford’s weather conditions are ideal for harnessing solar energy effectively. Additionally, residents paying higher electricity costs can benefit greatly from the savings provided by solar power. Based on calculations, it is estimated that homeowners can expect to break even on their solar panel investment in approximately 8-10 years, leading to long-term financial benefits. Choosing solar energy not only helps reduce electricity bills but also minimizes environmental impact, making it a wise choice for residents looking to save money and contribute to a greener future.