Overview
If you live in Lavallette, New Jersey, you may be wondering if installing solar panels on your home is a wise investment. In this article, we will explore the financial benefits of going solar in Lavallette by analyzing weather data, electricity cost, and the cost of a solar system. By the end, you will have a clearer understanding of how long it may take to break even on your investment and start saving money with solar energy.
Lavallette New Jersey Weather Trends
Lavallette Precipitation
With Lavallette receiving 50.31 inches of precipitation in the last year, it falls in the 48th percentile nationwide and the 3rd percentile in New Jersey. While Lavallette’s total precipitation is close to the national average of 50.61 inches, it is significantly lower than New Jersey’s average of 65.31 inches. This means that Lavallette residents can expect good sunlight availability for their solar panels throughout the year, making it an ideal location for solar energy.
Lavallette’s UV Rating
Having an average UV rating of 3.38, Lavallette ranks in the 14th percentile in the nation and the 1st percentile in New Jersey. Compared to the national average of 4.29 and New Jersey’s average of 4.04, Lavallette experiences ample sunlight for solar energy generation. With an average max UV rating of 3.57, Lavallette remains a suitable location for harnessing solar power efficiently.
Lavallette’s Cloud Cover
Despite having an average of 61% cloud cover, putting Lavallette in the 97th percentile in the nation and the 99th percentile in New Jersey, the number of cloudy days is spread out. With varying degrees of cloud cover throughout the year, residents can still benefit from solar energy, especially on the numerous clear days. The high percentage of cloud cover does not significantly hinder the overall potential for solar power generation.
Lavallette New Jersey Electricity Costs
Residents in Lavallette pay $0.13/kw for electricity, positioning the town in the 71st percentile nationally and the 9th percentile in New Jersey. Although the cost is on par with the national average, it is lower than New Jersey’s average of $0.16/kw. By transitioning to solar energy, residents can lock in lower electricity costs and potentially save money in the long run, making it a financially wise decision for their home.
When could you expect to break even on a solar installation in Lavallette New Jersey?
Considering the weather and electricity costs in Lavallette, 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:
- Lavallette receives slightly less precipitation than the national average.
- The UV ratings in Lavallette are also slightly lower than the national average but still good for generating solar power.
- Cloud cover in Lavallette is higher than the national average, with some days having little to no clouds and others having mostly clouds.
Now, let’s consider the electricity costs:
- Residents in Lavallette pay the national average for electricity, making it an average cost compared to the rest of the country.
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, which means we don’t need to buy as much from the grid.
- With the average electricity rates, the savings will help offset the initial cost of the solar panels.
After crunching the numbers, it looks like it would take around 5-7 years to cover the initial cost of the solar panels. That means, after that time, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in Lavallette New Jersey
With favorable weather conditions for solar energy generation, as well as relatively lower electricity costs compared to the national average, investing in solar panels in Lavallette, New Jersey seems like a wise financial decision. After analyzing the data, it is estimated that homeowners in Lavallette could break even on their solar panel investment within 5-7 years, potentially leading to significant long-term savings on electricity bills. By making the switch to solar energy, residents can not only save money but also contribute to a cleaner and more sustainable environment for future generations.