Overview
This article will show you how installing solar panels on your Egg Harbor City, New Jersey home can save you money in the long run. By analyzing weather data and electricity costs in the area, we will demonstrate the financial benefits of switching to solar energy. You will learn how much money you can expect to save on your electricity bill, how long it will take to break even on your investment, and why now is the perfect time to make the switch to solar power.
Egg Harbor City New Jersey Weather Trends
Egg Harbor City Precipitation
With Egg Harbor City receiving 64.02 inches of precipitation in the last year, it is evident that the area experiences a fair amount of rainfall. This puts Egg Harbor City in the 79th percentile nationwide and the 39th percentile within New Jersey. Compared to the national average of 50.61 inches, Egg Harbor City sees above-average precipitation. While New Jersey’s average is slightly higher at 65.31 inches, Egg Harbor City still stands out for its relatively high levels of rainfall.
Egg Harbor City’s UV Rating
When looking at UV ratings, Egg Harbor City had an average of 4.16, placing it in the 52nd percentile nationally and the 78th percentile within New Jersey. The national average for UV rating is 4.29, slightly higher than Egg Harbor City’s average. However, New Jersey’s average UV rating is 4.04, making Egg Harbor City’s rating comparatively better. Additionally, Egg Harbor City’s average max UV rating of 4.44 further demonstrates the area’s potential for harnessing solar energy efficiently.
Egg Harbor City’s Cloud Cover
Despite experiencing 44% average cloud cover in the last year, Egg Harbor City still has ample sunlight for solar energy production. This places the city in the 50th percentile nationally and the 14th percentile within New Jersey. Compared to the national average of 44.46% cloud cover, Egg Harbor City enjoys relatively clear skies. With a good distribution of days across different cloud cover percentages, Egg Harbor City offers favorable conditions for solar panel efficiency.
Egg Harbor City New Jersey Electricity Costs
Residents of Egg Harbor City pay about $0.18/kw for electricity, positioning the area in the 97th percentile nationally and the 100th percentile within New Jersey. While the national average for residential electricity is $0.13/kw, Egg Harbor City’s rate is higher but resonates with New Jersey’s average of $0.16/kw. Despite the slightly elevated costs, investing in solar panels can lead to substantial long-term savings, especially with Egg Harbor City’s high electricity rates.
When could you expect to break even on a solar installation in Egg Harbor City New Jersey?
Considering the weather and electricity costs in Egg Harbor City, 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:
- Egg Harbor City receives slightly more rainfall than the national average, but still has sufficient sunlight for solar panels to be effective.
- The UV ratings in Egg Harbor City are slightly below the national average, but are still good for generating solar power.
- Cloud cover in Egg Harbor City is around the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Egg Harbor City 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, reducing the need to buy from the grid.
- With higher electricity rates in Egg Harbor City, the savings from solar power would be significant.
After analyzing the data, it appears that it would take approximately 7 years to cover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will begin to accumulate and offset the investment. Furthermore, since solar panels have a long lifespan, the savings will continue for many years beyond that initial period. Embracing solar power is not only a wise financial decision but also a way to contribute to environmental sustainability.
Investing in solar power in Egg Harbor City New Jersey
Switching to solar energy in Egg Harbor City, New Jersey can be a smart financial move. With the area’s above-average rainfall, decent UV ratings, and clear skies despite some cloud cover, solar panels can be quite effective. Additionally, despite higher electricity costs compared to the national average, investing in solar panels can lead to substantial long-term savings. Taking into account all these factors, it is estimated that it would take around 7 years to break even on the initial cost of installing solar panels. Not only does this save money in the long run, but it also contributes to environmental sustainability. Now is indeed the perfect time to make the switch to solar power in Egg Harbor City.