Overview
Are you looking to save money on your electricity bills in Asbury Park, New Jersey? Installing solar panels on your home can be a cost-effective solution! By analyzing weather data and electricity costs specific to Asbury Park, we can show you how much money you can save over time. With a breakdown of the cost of a solar system and an estimate of how long it will take to break even, you can see the financial benefits of going solar in your area.
Asbury Park New Jersey Weather Trends
Asbury Park Precipitation
With Asbury Park receiving 59.27 inches of precipitation in the last year, it falls in the 68th percentile in the nation and the 14th percentile in New Jersey. Comparing this to the national average of 50.61 inches and New Jersey’s average of 65.31 inches, it’s clear that Asbury Park experiences a moderate amount of rainfall.
Asbury Park’s UV Rating
In the last year, Asbury Park had an average UV rating of 4.01, placing it in the 46th percentile in the nation and the 47th percentile in New Jersey. The national average is 4.29, while New Jersey’s average is 4.04. With an average max UV rating of 4.16, Asbury Park is in the 36th percentile nationally and the 34th percentile in New Jersey, with the national average being 4.61 and New Jersey’s average being 4.31.
Asbury Park’s Cloud Cover
Asbury Park had an average of 45% cloud cover in the last year, ranking it in the 54th percentile nationwide and the 35th percentile in New Jersey. The national average stands at 44.46%, while New Jersey’s average is slightly higher at 45.99%. With varying percentages of cloud cover on different days, Asbury Park offers a good balance throughout the year.
Asbury Park New Jersey Electricity Costs
Residents of Asbury Park pay about $0.13/kw for electricity, positioning the city in the 71st percentile nationally and the 9th percentile in New Jersey. 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 harnessing the power of solar panels, homeowners in Asbury Park can significantly reduce their electricity costs over time.
When could you expect to break even on a solar installation in Asbury Park New Jersey?
Considering the weather and electricity costs in Asbury Park, 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 Park gets slightly more rain than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Asbury Park are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Asbury Park is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Asbury Park pay the national average price for electricity.
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 system generates electricity, reducing the amount needed from the grid.
- With electricity costs at the national average, savings will accumulate gradually over time.
Based on the data, it would take approximately 5-6 years to cover the initial cost of the solar panels in Asbury Park. After this period, the savings on electricity bills will start to accumulate and pay off the investment. Considering solar panels last for decades, the long-term benefits of cost savings and environmental impact make it a wise investment choice.
Investing in solar power in Asbury Park New Jersey
Installing solar panels in Asbury Park, New Jersey can be a smart financial decision. By analyzing the weather trends and electricity costs specific to the area, we have determined that homeowners can expect to break even on their investment in solar panels within 5-6 years. With the long-term benefits of significant cost savings and positive environmental impact, switching to solar power is a wise choice for residents looking to save money on their electricity bills.