Overview
If you live in Ewing, New Jersey, installing solar panels on your home can significantly reduce your electricity costs. By analyzing weather data and electricity rates specific to Ewing, we can show you how much money you can save over time. With average levels of precipitation, high UV ratings, and low cloud cover, Ewing is an ideal location for harnessing solar energy. We will break down the cost of a solar system and estimate how long it will take for you to break even, providing you with a clear picture of the financial benefits of going solar in Ewing.
Ewing New Jersey Weather Trends
Ewing Precipitation
With Ewing, New Jersey receiving 62.57 inches of precipitation last year, you are in a region that experiences a healthy amount of rainfall. This places Ewing in the 76th percentile in the nation and the 32nd percentile in New Jersey. Compared to the national average of 50.61 inches, Ewing’s higher precipitation levels provide ample opportunities to harness solar energy and benefit financially from it.
Ewing’s UV Rating
With an average UV rating of 4.04, Ewing, New Jersey falls in the 47th percentile in the nation and the 57th percentile in the state. The national average for UV rating is 4.29, slightly higher than Ewing’s average. However, considering the maximum average UV rating of 4.36 that Ewing experienced, which is above the national average, there is great potential for capturing solar energy efficiently in Ewing.
Ewing’s Cloud Cover
On average, Ewing, New Jersey experiences 45% cloud cover, placing it in the 55th percentile in the nation and the 38th percentile in New Jersey. With a relatively moderate level of cloud cover, Ewing offers ideal conditions for solar energy production. Additionally, the distribution of cloud cover throughout the year, with significant days featuring clear skies, adds to the suitability for installing solar panels on your home in Ewing.
Ewing New Jersey Electricity Costs
Resident of Ewing, New Jersey are currently paying around $0.17 per kilowatt-hour for electricity, which is above the national average of $0.13/kw. However, compared to the state average of $0.16/kw, Ewing’s electricity costs are slightly higher. By transitioning to solar energy, you can reduce your dependence on traditional electricity sources and ultimately save a significant amount on your energy bills over time.
When could you expect to break even on a solar installation in Ewing New Jersey?
Considering the weather and electricity costs in Ewing 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:
- Ewing New Jersey receives slightly more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings are slightly lower than the national average but are sufficient for generating solar power.
- Cloud cover is around the national average, with fluctuations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Ewing 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, reducing the need to purchase as much from the grid.
- With higher electricity rates in Ewing New Jersey, the savings from solar power are even more significant.
After analyzing the data, it seems that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the savings on electricity bills will begin to accumulate and offset the investment cost. Additionally, since solar panels have a long lifespan, the savings will continue for many years beyond that initial period. Investing in solar power is a wise way to save money and contribute to environmental sustainability simultaneously!
Investing in solar power in Ewing New Jersey
Installing solar panels in Ewing, New Jersey can be a wise financial decision due to the region’s weather conditions and electricity costs. With ample sunlight, moderate cloud cover, and higher electricity rates, residents can expect to break even on their investment in solar panels in approximately 5 years. After this initial period, the savings on electricity bills will continue to accumulate, making solar energy a beneficial choice for both your wallet and the environment.