Overview
Living in Atlantic City, New Jersey, harnessing the power of the sun through solar panels can lead to significant financial benefits for homeowners. By analyzing weather data specific to the area, including inches of precipitation, average max UV rating, average UV rating, and average percentage cloud cover over 365 days, we can estimate the potential savings on electricity costs. In this article, we will break down the cost of a solar system, calculate how long it will take to break even, and highlight the advantages of making the switch to solar energy.
Atlantic City New Jersey Weather Trends
Atlantic City Precipitation
With Atlantic City receiving 57.62 inches of precipitation last year, it falls within the 65th percentile in the nation and the 9th percentile in New Jersey. Compared to the national average of 50.61 inches and New Jersey’s average of 65.31 inches, Atlantic City’s precipitation levels make it a suitable location for harnessing solar power.
Atlantic City’s UV Rating
With an average UV rating of 4.09, Atlantic City ranks in the 49th percentile in the nation and the 70th percentile in New Jersey. Comparatively, the national average UV rating is 4.29, and New Jersey’s average UV rating is 4.04. Additionally, the average max UV rating in Atlantic City is 4.25, placing it in the 39th percentile in the nation and the 47th percentile in New Jersey.
Atlantic City’s Cloud Cover
Atlantic City experiences an average of 44% cloud cover, positioning it in the 51st percentile in the nation and the 15th percentile in New Jersey. In comparison, the national average cloud cover is 44.46%, while New Jersey’s average is 45.99%. With a relatively moderate amount of cloud cover, Atlantic City offers ample sunlight for efficient solar energy production.
Atlantic City New Jersey Electricity Costs
Residents of Atlantic City pay around $0.18/kw for electricity, ranking the city in the 97th percentile in the nation and the 100th percentile in New Jersey. In contrast, the national average for residential electricity is $0.13/kw, and New Jersey’s average is $0.16/kw. By switching to solar power, Atlantic City residents can significantly reduce their electricity costs and benefit financially in the long run.
When could you expect to break even on a solar installation in Atlantic City New Jersey?
Considering the weather and electricity costs in Atlantic City, 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:
- Atlantic City gets slightly more rain than the national average but still has enough sunny days for solar panels to be effective.
- The UV ratings in Atlantic City are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Atlantic City is around the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Atlantic City 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 solar system generates electricity, reducing the need to buy from the grid.
- With higher electricity rates in Atlantic City, the savings from using solar power are significant.
After analyzing the numbers, it looks like it would take around 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, considering that solar panels last for 25 to 30 years, you will continue to enjoy savings for many years beyond the break-even point. Investing in solar panels not only helps you save money but also contributes to a cleaner environment. It’s a wise long-term investment for both your finances and the planet!
Investing in solar power in Atlantic City New Jersey
Investing in solar panels in Atlantic City, New Jersey can lead to substantial financial benefits for homeowners. By harnessing the power of the sun, residents can significantly reduce their electricity costs and break even on their initial investment in around 6 years. With a standard solar system lasting between 25 and 30 years, the savings will continue to accumulate long after the break-even point. Not only does switching to solar energy help save money, but it also contributes to a cleaner environment. Making the switch to solar power is a smart long-term investment for both your finances and the planet!