Overview
Cherry Hill residents, are you tired of high electricity bills draining your wallet every month? Installing solar panels on your home can provide significant savings in the long run. By analyzing weather data for Cherry Hill, we have determined that the area receives enough sunlight to make solar energy a viable option. With the cost of solar systems decreasing and federal tax incentives available, the initial investment can be more affordable than you may think. In this article, we will break down the cost of a solar system, estimate the time it will take to break even, and show you how going solar can benefit both your wallet and the environment.
Cherry Hill New Jersey Weather Trends
Cherry Hill Precipitation
With Cherry Hill receiving 58.08 inches of precipitation last year, ranking in the 66th percentile nationally and the 10th percentile in New Jersey, the area is well-suited for solar energy. Even though New Jersey gets more rainfall on average than the rest of the country, the ample sunlight Cherry Hill receives can still make installing solar panels a cost-effective choice.
Cherry Hill’s UV Rating
Cherry Hill’s average UV rating of 4.22 places it in the 54th percentile nationally and the 88th percentile in New Jersey, making it a prime location for harnessing solar energy. While New Jersey’s average UV rating is higher than the national average, Cherry Hill’s rating is still strong enough to generate significant solar power. With a high max UV rating, Cherry Hill offers ample sunlight for solar panels.
Cherry Hill’s Cloud Cover
Despite having an average of 45% cloud cover last year, Cherry Hill is in a good position for solar energy, ranking in the 54th percentile nationally and the 30th percentile in New Jersey. Even with more cloud coverage compared to the rest of the country, the clear days in Cherry Hill provide enough sunlight to make solar panels a viable investment for homeowners.
Cherry Hill New Jersey Electricity Costs
Cherry Hill residents pay about $0.17 per kilowatt-hour for electricity, which is relatively high compared to both the national and state averages. By installing solar panels, homeowners in Cherry Hill can significantly reduce their electricity bills and break free from the rising costs of traditional energy sources. With federal tax incentives and decreasing solar system costs, transitioning to solar power in Cherry Hill can be an affordable and eco-friendly choice.
When could you expect to break even on a solar installation in Cherry Hill New Jersey?
Considering the weather and electricity costs in Cherry Hill, 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:
- Cherry Hill gets slightly more rain than the national average, but it still has good sunlight for solar panels to work effectively.
- The UV ratings in Cherry Hill are just slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Cherry Hill is about average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Cherry Hill 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 we don’t need to buy as much from the grid.
- With Cherry Hill’s slightly higher electricity rates, the savings are a bit greater.
After crunching the numbers, it looks like it would take around 5-6 years to cover the initial cost of the solar panels. That means, after 5-6 years, the money you save 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, you’ll 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 Cherry Hill New Jersey
Installing solar panels in Cherry Hill, New Jersey can be a cost-effective and eco-friendly choice for residents. With ample sunlight, despite higher precipitation and cloud cover, Cherry Hill is well-suited for solar energy. By taking advantage of federal tax incentives and the decreasing costs of solar systems, homeowners can significantly reduce their electricity bills and break even on their investment in around 5-6 years. Choosing to go solar not only benefits your wallet but also the environment, making it a smart long-term decision for Cherry Hill residents.