Overview
Farmingdale New York residents can save money by installing solar panels on their homes. By analyzing weather data and electricity costs, it is clear that investing in solar power can lead to significant financial benefits. The article will break down the cost of a solar system and estimate how long it will take to break even, providing Farmingdale residents with valuable information to make a smart financial decision for their homes.
Farmingdale New York Weather Trends
Farmingdale Precipitation
With 61.61 inches of precipitation in the last year, Farmingdale New York is in the 74th percentile in the nation and the 38th percentile in New York. This means that Farmingdale receives more rainfall compared to the national average of 50.61 inches, but less than the state average of 63.5 inches. By harnessing this abundant natural resource, residents can take advantage of the rainy climate to generate more solar energy.
Farmingdale’s UV Rating
Having an average UV rating of 3.96 places Farmingdale in the 44th percentile in the nation and the 86th percentile in New York. Although the UV rating is slightly below the national average of 4.29, it is higher than New York’s average of 3.57. Additionally, with an average max UV rating of 4.08, Farmingdale is in a good position to benefit from the sun’s strong rays for solar energy production.
Farmingdale’s Cloud Cover
Despite having an average of 45% cloud cover, placing Farmingdale in the 56th percentile in the nation and the 5th percentile in New York, there are still plenty of clear days for solar panels to generate electricity. With a significant number of days with low cloud cover, residents can rely on consistent sunlight for their solar energy needs, maximizing their savings on electricity bills.
Farmingdale New York Electricity Costs
At $0.21/kw for electricity, Farmingdale residents are in the 99th percentile in the nation and the 91st percentile in New York in terms of high electricity costs. Compared to the national average of $0.13/kw and New York’s average of $0.15/kw, Farmingdale’s electricity rates are substantially higher. By investing in solar panels, residents can significantly reduce their reliance on expensive grid electricity and save money in the long run.
When could you expect to break even on a solar installation in Farmingdale New York?
Considering the weather and electricity costs in Farmingdale, New York, 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:
- Farmingdale receives more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Farmingdale are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Farmingdale is around the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Farmingdale 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 amount needed from the grid.
- With Farmingdale’s higher electricity rates, the savings are even more substantial.
After analyzing the numbers, it appears that it would take around 6 years to cover the initial cost of the solar panels. This means, after 6 years, the money saved on electricity bills will begin to accumulate and pay off the investment. And don’t forget, solar panels have a long lifespan, so after that initial period, you’ll continue to enjoy those savings for many more years. It’s a wise investment for saving money and contributing to a cleaner environment!
Investing in solar power in Farmingdale New York
Installing solar panels in Farmingdale New York can be a smart financial decision for residents. By taking advantage of the abundant rainfall and sunlight, coupled with the high cost of electricity in the area, homeowners can expect to break even on their investment in solar power within around 6 years. After this initial period, savings on electricity bills will continue to accumulate, providing long-term financial benefits. Investing in solar energy is not only about saving money but also contributing to a cleaner environment for future generations to come.