Overview
This article aims to show Somers Point residents the financial benefits of installing solar panels on their homes. By examining weather data and electricity costs specific to the area, we will demonstrate how a solar system can help save money in the long run. With a breakdown of the cost of installation and estimated time to break even, readers will see the advantages of making the switch to solar power for their homes in Somers Point, New Jersey.
Somers Point New Jersey Weather Trends
Somers Point Precipitation
In the last year, Somers Point, New Jersey received 64.1 inches of precipitation, which is higher than the national average of 50.61 inches, but lower than the state average of 65.31 inches. Despite the slightly higher precipitation levels, the abundant sunlight in Somers Point makes it an ideal location for harnessing solar energy.
Somers Point’s UV Rating
With an average UV rating of 4.11, Somers Point falls in the middle percentile in the nation, but ranks higher within the state of New Jersey. The consistent levels of UV radiation make Somers Point a prime location for maximizing solar panel efficiency and energy production. Residents can take advantage of the sun’s power to generate clean, renewable electricity for their homes.
Somers Point’s Cloud Cover
Despite the average cloud cover of 44%, Somers Point experiences a significant number of clear days with minimal cloud cover. This favorable weather condition allows for optimal solar energy absorption, leading to increased electricity production from solar panels. By harnessing the sun’s energy on sunny days, residents can reduce their reliance on traditional grid electricity.
Somers Point New Jersey Electricity Costs
Residents of Somers Point pay approximately $0.18 per kilowatt-hour for electricity, which is higher than both the national average of $0.13/kw and the state average of $0.16/kw. By investing in solar panels, residents can offset their electricity costs and lock in lower rates for the future, ultimately saving money while contributing to a cleaner environment.
When could you expect to break even on a solar installation in Somers Point New Jersey?
Considering the weather and electricity costs in Somers Point, 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:
- Somers Point receives slightly more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Somers Point are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Somers Point is around the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Somers Point pay more for electricity compared to the national average.
With this information, let’s break down the costs:
- A standard 10kW solar system 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 solar system generates electricity, reducing the amount purchased from the grid.
- Given the higher electricity rates in Somers Point, the savings are significant.
After analyzing the data, it appears that it would take around 5 years to recover the initial cost of the solar panels. This means that after 5 years, the savings on electricity bills will begin to accumulate, making the investment worthwhile. Additionally, since solar panels last for many years, the savings will continue long after the initial investment has been recouped. It’s a wise financial decision that also benefits the environment!
Investing in solar power in Somers Point New Jersey
Installing solar panels in Somers Point, New Jersey can be a smart financial decision for residents. With higher-than-average electricity costs and favorable weather conditions for solar energy production, homeowners can expect to break even on their investment in approximately 5 years. Not only does this result in long-term savings on electricity bills, but it also contributes to a cleaner environment. By harnessing the power of the sun, residents can enjoy the benefits of renewable energy for years to come.