Overview
Are you tired of high electricity bills and want to save money in the long run? Installing solar panels on your home in Somerset New Jersey could be the solution you’ve been looking for. By analyzing weather data and basic electricity costs over the course of a year, we can estimate how long it will take to break even on the cost of a solar system. With the financial benefits of going solar, you can start saving money on your electric bills sooner than you may think.
Somerset New Jersey Weather Trends
Somerset Precipitation
With Somerset New Jersey receiving 66.05 inches of precipitation in the last year, it’s evident that the area sees a fair amount of rainfall. While this puts Somerset in the 82nd percentile in the nation, it’s important to note that Somerset falls just slightly above the New Jersey average of 65.31 inches. By harnessing the power of the sun through solar panels, residents can take advantage of the ample rainwater to generate clean energy for their homes.
Somerset’s UV Rating
Considering Somerset New Jersey’s average UV rating of 4.04 in the last year, residents can expect a moderate level of sun exposure. While this places Somerset in the 47th percentile nationally, it’s on par with the state average. Moreover, with an average max UV rating of 4.32, Somerset receives a decent amount of sunlight throughout the year, making it an ideal location for solar panel installation to capture this abundant resource.
Somerset’s Cloud Cover
With an average of 47% cloud cover in the last year, Somerset New Jersey experiences varying levels of cloudiness. Although this places Somerset in the 61st percentile nationally, it’s slightly higher than the New Jersey average. However, with a good mix of clear and cloudy days, residents can still benefit from solar energy production even on days with partial cloud cover.
Somerset New Jersey Electricity Costs
Residents of Somerset New Jersey pay around $0.17/kw for electricity, which is above the national average but slightly below the state average. Despite this, going solar can help mitigate high electricity costs in the long run, allowing residents to save money and reduce their reliance on traditional grid power. By investing in solar panels, Somerset residents can take control of their energy expenses and contribute to a more sustainable future.
When could you expect to break even on a solar installation in Somerset New Jersey?
Considering the weather and electricity costs in Somerset 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:
- Somerset New Jersey receives more precipitation than the national average, which might affect solar panel efficiency.
- The UV ratings in Somerset New Jersey are slightly lower than the national average, but still adequate for generating solar power.
- Cloud cover in Somerset New Jersey is slightly higher than the national average, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Somerset New Jersey 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 amount needed from the grid, thus saving money.
- With Somerset New Jersey’s higher electricity rates, the savings from using solar power are significant.
After calculating the numbers, it appears that it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the savings on electricity bills will begin to offset the investment. Furthermore, since solar panels have a long lifespan, these savings will accumulate for many years. Investing in solar power is a smart financial decision that also benefits the environment in the long run.
Investing in solar power in Somerset New Jersey
By analyzing the weather trends and electricity costs in Somerset New Jersey, it is evident that installing solar panels can lead to significant cost savings in the long run. With ample rainfall, moderate sun exposure, and varying cloud cover, residents can harness solar energy to reduce their reliance on traditional grid power and lower their electricity bills. Based on the calculations, it would take approximately 6 years to break even on the initial cost of a solar system, after which residents can enjoy substantial savings for years to come. Investing in solar power not only makes financial sense but also contributes to a more sustainable future for Somerset New Jersey.