Overview
Are you a Franklinville, New Jersey resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data specific to Franklinville, such as average UV rating, cloud cover percentage, and precipitation levels, along with basic electricity costs in the area, we can estimate the financial benefits of investing in a solar system. By breaking down the cost of installation and calculating how long it will take to break even, you can see just how much money you could save in the long run.
Franklinville New Jersey Weather Trends
Franklinville Precipitation
In the last year Franklinville New Jersey received 61.03 inches of precipitation. That puts Franklinville in the 72nd percentile in the nation and the 22nd percentile in New Jersey. When compared to the national average of 50.61 inches and New Jersey’s average of 65.31 inches, Franklinville’s precipitation levels indicate a suitable environment for solar panel installation.
Franklinville’s UV Rating
In the last year Franklinville New Jersey had an average UV rating of 4.21. That puts Franklinville in the 54th percentile in the nation and the 86th percentile in New Jersey. The national average for average UV rating is 4.29, while New Jersey’s average is 4.04. With a moderate UV rating, Franklinville offers favorable conditions for solar power generation, making it a wise investment for residents looking to save money on electricity bills.
Franklinville’s Cloud Cover
In the last year Franklinville New Jersey had an average of 44% cloud cover, ranking it in the 50th percentile in the nation and the 13th percentile in New Jersey. With varying levels of cloud cover throughout the year, Franklinville provides sufficient sunlight for solar panels to effectively generate electricity. By taking advantage of these conditions, residents can significantly reduce their reliance on traditional energy sources.
Franklinville New Jersey Electricity Costs
Franklinville New Jersey residents pay about $0.18/kw for electricity, positioning the town in the 97th percentile in the nation and the 100th percentile in New Jersey in terms of electricity costs. Compared to the national average of $0.13/kw and New Jersey’s average of $0.16/kw, Franklinville’s higher electricity rates make switching to solar power an attractive option for long-term cost savings and environmental benefits.
When could you expect to break even on a solar installation in Franklinville New Jersey?
Considering the weather and electricity costs in Franklinville, 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:
- Franklinville gets slightly more rainfall than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Franklinville are slightly below the national average, but still suitable for generating solar power.
- Cloud cover in Franklinville is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Franklinville 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 electricity from the grid.
- Considering Franklinville’s higher electricity rates, the savings from using solar power would be significant.
Based on the calculations, it would take approximately 5 years to cover the initial cost of the solar panels. After this period, the savings on electricity bills would accumulate and eventually pay off the investment. Additionally, since solar panels last for a long time, these savings would continue for many years to come. Investing in solar panels is a wise choice to save money and contribute to a cleaner environment.
Investing in solar power in Franklinville New Jersey
By analyzing the weather trends in Franklinville, New Jersey and the electricity costs in the area, it’s clear that investing in solar panels can lead to significant long-term savings for residents. With favorable conditions for solar power generation, high electricity costs, and a relatively quick payback period, switching to solar energy is a smart financial and environmental choice for Franklinville homeowners looking to reduce their electricity bills and decrease their reliance on traditional energy sources. Make the switch to solar today and start saving!