Overview
This article will show you the financial benefits of installing solar panels on your home in Audubon, New Jersey. By analyzing weather data and electricity cost over 365 days, we will demonstrate how you can potentially save money on your energy bills. We will break down the cost of a solar system, estimate the time it will take to break even, and show you why investing in solar energy is a smart choice for your wallet.
Audubon New Jersey Weather Trends
Audubon Precipitation
In the last year, Audubon New Jersey received 53.49 inches of precipitation. While this puts Audubon in the 5th percentile in New Jersey, it still falls within the 55th percentile in the nation. Comparing this to the national average of 50.61 inches and New Jersey’s average of 65.31 inches, Audubon’s precipitation levels are favorable for solar energy production.
Audubon’s UV Rating
In the last year, Audubon New Jersey had an average UV rating of 4.27, placing it in the 57th percentile in the nation and the 97th percentile in New Jersey. When looking at the national average of 4.29 and New Jersey’s average of 4.04, Audubon’s UV rating is ideal for generating solar power. Additionally, with an average max UV rating of 4.61, Audubon has ample sunlight for efficient solar panel operation.
Audubon’s Cloud Cover
With an average cloud cover of 46%, Audubon New Jersey falls in the 58th percentile in the nation and the 52nd percentile in the state. Comparing this to the national average of 44.46% and New Jersey’s average of 45.99%, Audubon’s moderate cloud cover levels are conducive to solar panel performance. With a good balance of clear and partly cloudy days, Audubon provides an optimal environment for solar energy utilization.
Audubon New Jersey Electricity Costs
Residents of Audubon New Jersey pay about $0.17/kw for electricity, placing them in the 73rd percentile in the state and the 96th percentile in the nation. In comparison, the national average for residential electricity is $0.13/kw, while New Jersey’s average is $0.16/kw. With Audubon’s relatively higher electricity costs, investing in solar panels can lead to significant savings on energy bills over time.
When could you expect to break even on a solar installation in Audubon New Jersey?
Considering the weather and electricity costs in Audubon 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:
- Audubon New Jersey gets slightly more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings in Audubon New Jersey are very close to the national average, making it a good location for generating solar power.
- Cloud cover in Audubon New Jersey is slightly above the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Audubon New Jersey pay more for electricity compared to the national average, at $0.17/kw.
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 residents don’t need to buy as much from the grid.
- With Audubon New Jersey’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 9-10 years to cover the initial cost of the solar panels. That means, after 9-10 years, the money saved 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, residents will 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 Audubon New Jersey
Installing solar panels in Audubon, New Jersey can provide significant financial benefits for residents. With favorable weather conditions for solar energy production and relatively high electricity costs, investing in solar panels is a smart choice for saving money on energy bills. By calculating the time it would take to break even on the initial investment, we have determined that residents can expect to see returns on their investment in about 9-10 years. This means that after the initial payback period, residents will continue to enjoy savings on their electricity bills for many years to come. Switching to solar energy is not only a wise financial decision but also a way to contribute to a cleaner, more sustainable environment.