Overview
Are you looking to save money on your electricity bills in Bloomfield, New Jersey? Installing solar panels on your home could be a smart financial decision. In this article, we will break down the cost of a solar system and estimate how long it will take for you to break even based on weather data and electricity costs specific to Bloomfield. With information on average precipitation, UV ratings, cloud cover, and electricity rates, you’ll see just how beneficial solar power can be for your wallet.
Bloomfield New Jersey Weather Trends
Bloomfield Precipitation
With Bloomfield receiving 64.3 inches of precipitation in the last year, it is in the 79th percentile in the nation and the 42nd in New Jersey. Compared to the national average of 50.61 inches, Bloomfield experiences slightly more rain. However, when compared to the New Jersey average of 65.31 inches, Bloomfield receives less precipitation. Installing solar panels in Bloomfield can help offset the higher electricity costs associated with using more energy on rainy days.
Bloomfield’s UV Rating
With an average UV rating of 4.01 in Bloomfield, residents can enjoy moderate sun exposure. This puts Bloomfield in the 46th percentile in the nation and the 46th percentile in New Jersey. Compared to the national average of 4.29, Bloomfield’s UV rating is slightly lower. However, when compared to the New Jersey average of 4.04, Bloomfield’s UV rating is slightly higher. This means that installing solar panels in Bloomfield can be a viable option to take advantage of moderate sun exposure throughout the year.
Bloomfield’s Cloud Cover
With an average of 47% cloud cover in the last year, Bloomfield is in the 62nd percentile in the nation and the 75th percentile in New Jersey. Bloomfield experiences slightly more cloud cover compared to the national average of 44.46%. However, when compared to the New Jersey average of 45.99%, Bloomfield has slightly higher cloud cover. Despite this, installing solar panels can still be a beneficial choice as even with cloud cover, solar panels can generate electricity from sunlight, helping homeowners save on their energy bills.
Bloomfield New Jersey Electricity Costs
Residents in Bloomfield pay about $0.17/kw for electricity, putting them in the 96th percentile in the nation and the 73rd percentile in New Jersey. Comparing this to the national average of $0.13/kw, Bloomfield’s electricity costs are higher. However, when compared to the New Jersey average of $0.16/kw, Bloomfield’s costs are slightly higher. By installing solar panels on your home in Bloomfield, you can reduce your dependence on traditional electricity sources, ultimately leading to long-term savings on your energy bills.
When could you expect to break even on a solar installation in Bloomfield New Jersey?
Considering the weather and electricity costs in Bloomfield, 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:
- Bloomfield, New Jersey receives a bit more precipitation than the national average, but it still has enough sunlight for solar panels to function effectively.
- The UV ratings in Bloomfield, New Jersey are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Bloomfield, New Jersey is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Bloomfield, New Jersey pay slightly 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, which means less needs to be purchased from the grid.
- With Bloomfield, New Jersey’s slightly higher electricity rates, the savings are higher as well.
After doing the calculations, it seems that it would take around 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the money saved on electricity bills will start to accumulate and offset the initial investment. It’s an intelligent way to save money and contribute to protecting the environment!
Investing in solar power in Bloomfield New Jersey
Installing solar panels in Bloomfield, New Jersey can be a wise financial decision. By taking into account the weather trends and electricity costs specific to the area, it is clear that investing in solar power can lead to significant long-term savings on energy bills. With the ability to break even on the initial cost of the solar system within 6-7 years, homeowners in Bloomfield can enjoy the benefits of reduced electricity expenses and contribute to a more sustainable future. Consider making the switch to solar power and start saving money while helping the environment!