Overview
Switching to solar energy in Egg Harbor Township, New Jersey can save you money in the long run. By analyzing weather data and electricity costs, we will show you how investing in solar panels for your home can help you break even in a relatively short amount of time. With the financial benefits of solar energy, not only will you be reducing your carbon footprint, but you will also be cutting down on your monthly electricity expenses.
Egg Harbor Township New Jersey Weather Trends
Egg Harbor Township Precipitation
With Egg Harbor Township receiving 64.02 inches of precipitation in the last year, it is clear that the area experiences a significant amount of rainfall. However, compared to the national average of 50.61 inches, Egg Harbor Township is in the 79th percentile, showing that it receives more precipitation than most areas in the country. Although Egg Harbor Township falls slightly below the New Jersey average of 65.31 inches, the ample rainfall makes it an ideal location for harnessing solar energy.
Egg Harbor Township’s UV Rating
With an average UV rating of 4.16, Egg Harbor Township is in a prime position for solar energy generation. This puts the township in the 52nd percentile nationally and the 78th percentile within New Jersey. The slightly above-average UV rating, combined with clear skies, makes Egg Harbor Township an excellent location for solar panel installation. The town’s max UV rating of 4.44 further solidifies its potential as a solar energy hub.
Egg Harbor Township’s Cloud Cover
Despite having an average cloud cover of 44%, Egg Harbor Township ranks relatively low in this aspect compared to both the nation and New Jersey. With fewer cloudy days than the national average of 44.46% and the state average of 45.99%, Egg Harbor Township residents can rely on consistent sunshine for their solar panels. The distribution of cloud cover days also provides a great balance for solar energy production throughout the year.
Egg Harbor Township New Jersey Electricity Costs
Egg Harbor Township residents pay around $0.18/kw for electricity, positioning the township at the top of the charts nationally and within New Jersey. While the national average for residential electricity is $0.13/kw and the state average is $0.16/kw, Egg Harbor Township’s higher costs make switching to solar energy a financially wise decision. By investing in solar panels, residents can significantly reduce their monthly electricity expenses and achieve long-term savings.
When could you expect to break even on a solar installation in Egg Harbor Township New Jersey?
Considering the weather and electricity costs in Egg Harbor Township 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:
- Egg Harbor Township New Jersey gets more precipitation than the national average, but it still has enough sun for solar panels to be effective.
- The UV ratings are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Egg Harbor Township New Jersey is about average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Egg Harbor Township New Jersey 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 system generates electricity, which means you don’t need to buy as much from the grid, saving you money.
- With Egg Harbor Township New Jersey’s higher electricity rates, the savings are even greater.
After analyzing the data, 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 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 wise investment that not only saves you money but also helps the environment!
Investing in solar power in Egg Harbor Township New Jersey
Switching to solar energy in Egg Harbor Township, New Jersey can save you money in the long run. By analyzing weather data and electricity costs, we have shown how investing in solar panels for your home can help you break even in a relatively short amount of time. With the financial benefits of solar energy, not only will you be reducing your carbon footprint, but you will also be cutting down on your monthly electricity expenses. Making the switch to solar power in Egg Harbor Township is a smart investment that not only benefits your wallet but also helps protect the environment for future generations.