Overview
If you have been considering installing solar panels on your home in Lambertville, New Jersey, now is the time to make the decision. By analyzing the weather data for the area, along with the basic electricity costs, we can show you just how much money you can save in the long run. With the average amount of precipitation, UV rating, and cloud cover, a solar system can significantly reduce your energy bills and help you break even on your investment sooner than you may think. Let’s take a closer look at the numbers to see how switching to solar power can benefit you financially.
Lambertville New Jersey Weather Trends
Lambertville Precipitation
With Lambertville receiving 65.08 inches of precipitation in the last year, it is clear that the area gets more rain compared to both the national and New Jersey averages. This means that a solar system in Lambertville could generate more energy from the sunlight during dry periods, helping you save more money in the long run.
Lambertville’s UV Rating
With an average UV rating of 4.03, Lambertville’s sunlight exposure is slightly lower than both the national and New Jersey averages. However, with an average max UV rating of 4.36, there is still plenty of sunlight to power your solar panels efficiently. Investing in solar energy in Lambertville can still significantly reduce your electricity bills and provide environmental benefits.
Lambertville’s Cloud Cover
Even with an average cloud cover of 45%, Lambertville experiences a moderate amount of sunshine throughout the year. With a good balance of cloudy and sunny days, a solar system in Lambertville can operate effectively and help you save on energy costs. By taking advantage of the sunny days, you can maximize your solar energy production and savings.
Lambertville New Jersey Electricity Costs
At $0.13/kw, Lambertville residents pay less for electricity compared to the national average, making it a great incentive to switch to solar power. While New Jersey’s average residential electricity cost is slightly higher at $0.16/kw, generating your own electricity with solar panels in Lambertville can offer significant savings and reduce your carbon footprint at the same time.
When could you expect to break even on a solar installation in Lambertville New Jersey?
Considering the weather and electricity costs in Lambertville, 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:
- Lambertville gets more rain than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Lambertville are slightly lower than the national average, but they are still conducive to generating solar power.
- Cloud cover in Lambertville is about average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lambertville pay about $0.13/kw for electricity, which is on par with 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 you need to buy from the grid.
- Given Lambertville’s electricity costs, the savings from using solar power will add up over time.
After analyzing the data, it looks like 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 offset the investment. With solar panels lasting for 25-30 years, you’ll continue to enjoy those savings well beyond the break-even point. Investing in solar panels is not only a smart financial move but also a sustainable choice for the environment.
Investing in solar power in Lambertville New Jersey
Based on the analysis of Lambertville, New Jersey’s weather trends and electricity costs, switching to solar power can lead to significant financial benefits. The area’s higher precipitation levels, moderate UV rating, and average cloud cover still make it a viable location for solar panel installation. With residents paying less for electricity compared to the national average, the investment in solar panels is worth considering. It would take approximately 6-7 years to break even on the initial cost, after which the savings on electricity bills will continue for the lifespan of the solar panels. Embracing solar energy not only makes financial sense but also contributes to a more sustainable future for both your wallet and the environment.