Overview
In sunny Asbury, New Jersey, installing solar panels on your home can lead to significant cost savings on your electricity bill. By analyzing weather data and electricity costs specific to the area, we can estimate how long it will take for a solar system to pay for itself. With abundant sunshine and favorable weather conditions, going solar is a smart financial decision that can benefit both your wallet and the environment in the long run.
Asbury New Jersey Weather Trends
Asbury Precipitation
In the last year, Asbury New Jersey received 63.18 inches of precipitation. This puts Asbury in the 77th percentile in the nation and the 35th percentile in New Jersey. Comparatively, the national average for total precipitation is 50.61 inches, while New Jersey’s average is 65.31 inches. With Asbury experiencing more precipitation than the national average, harnessing this natural resource through solar panels can help offset electricity costs.
Asbury’s UV Rating
In the last year, Asbury New Jersey had an average UV rating of 3.88, placing it in the 40th percentile in the nation and the 21st percentile in New Jersey. In comparison, the national average for average UV rating is 4.29, while New Jersey’s average is 4.04. Additionally, Asbury’s average max UV rating of 4.25 positions it in the 39th percentile nationwide and the 47th percentile in New Jersey. This ample sunlight makes Asbury an ideal location for solar panel installation.
Asbury’s Cloud Cover
With an average of 48% cloud cover in the last year, Asbury New Jersey finds itself in the 65th percentile in the nation and the 86th percentile in New Jersey. In contrast, the national average for average cloud cover is 44.46%, with New Jersey’s average at 45.99%. Furthermore, the distribution of cloud cover days in Asbury suggests consistent opportunities for solar energy production, making it a reliable choice for homeowners looking to invest in solar panels.
Asbury New Jersey Electricity Costs
Asbury New Jersey residents pay about $0.13/kw for electricity, placing them in the 71st percentile nationally and the 9th percentile within the state. In comparison, the national average for residential electricity is also $0.13/kw, while New Jersey’s average is slightly higher at $0.16/kw. By utilizing solar panels to generate electricity, homeowners in Asbury can reduce their reliance on traditional utility providers and enjoy long-term cost savings.
When could you expect to break even on a solar installation in Asbury New Jersey?
Considering the weather and electricity costs in Asbury 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:
- Asbury New Jersey receives more precipitation than the national average, but there is still enough sunlight for solar panels to work effectively.
- The UV ratings in Asbury New Jersey are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Asbury New Jersey is slightly above the national average, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Asbury New Jersey pay about the national average for electricity.
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 needed from the grid and saving money on electricity bills.
- With Asbury New Jersey’s electricity rates being around the national average, the savings are consistent.
After analyzing the data, it is estimated that it would take about 6-7 years to cover the initial cost of the solar panels. After this period, the savings on electricity bills will start accumulating and pay off the investment. Remember, solar panels have a long lifespan, so the savings will continue for many years. It’s a cost-effective and environmentally-friendly way to power your home!
Investing in solar power in Asbury New Jersey
Installing solar panels in sunny Asbury, New Jersey is a smart financial decision that can lead to significant cost savings on electricity bills in the long run. By harnessing the abundant sunlight and favorable weather conditions in the area, homeowners can expect to break even on their solar panel investment in approximately 6-7 years. With electricity costs around the national average and ample sunlight for energy production, going solar not only benefits your wallet but also the environment. It’s a cost-effective and environmentally-friendly way to power your home for many years to come.