Overview
Are you a Marlton, New Jersey resident looking to save money on your electricity bills? In this article, we will show you how installing solar panels on your home can help you break even on the cost of the system in a reasonable amount of time. By analyzing weather data, electricity costs, and the benefits of utilizing solar energy, we will demonstrate the financial advantages of making the switch to solar power in Marlton.
Marlton New Jersey Weather Trends
Marlton Precipitation
With Marlton receiving 59.35 inches of precipitation in the last year, it is evident that the area experiences a moderate amount of rainfall. While this puts Marlton in the 69th percentile in the nation, it falls below the New Jersey average of 65.31 inches. By harnessing this rainfall through solar panels, Marlton residents can take advantage of a free and natural source of energy to power their homes.
Marlton’s UV Rating
Marlton’s average UV rating of 4.23 places it in the 55th percentile nationwide, indicating a moderate level of sun exposure. While New Jersey ranks high at the 93rd percentile, the national average is slightly higher at 4.29. With ample sunlight available throughout the year, installing solar panels in Marlton can ensure a consistent and reliable source of energy for households.
Marlton’s Cloud Cover
Despite having an average of 45% cloud cover in the last year, Marlton still receives a significant amount of sunshine. Ranking in the 53rd percentile in the nation, Marlton’s cloud cover is slightly below the New Jersey average of 45.99%. With a good mix of sunny and cloudy days, residents can benefit from solar energy production even on days with partial cloud cover.
Marlton New Jersey Electricity Costs
At $0.18/kw, Marlton residents pay above the national average for electricity. However, this cost is still lower compared to the average residential electricity rate in New Jersey. By investing in solar panels, homeowners can significantly reduce their reliance on traditional electricity sources, leading to long-term savings on utility bills and a more sustainable lifestyle.
When could you expect to break even on a solar installation in Marlton New Jersey?
Considering the weather and electricity costs in Marlton, 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:
- Marlton gets a bit more rain than the national average, but it’s still sunny enough for solar panels to work effectively. In the last year, Marlton had 59.35 inches of precipitation, while the national average is 50.61 inches.
- The UV ratings are slightly lower than the national average, but they’re still good for generating solar power. Marlton had an average UV rating of 4.23 and an average max UV rating of 4.58, compared to the national averages of 4.29 and 4.61, respectively.
- Cloud cover is about average for the country, with some variation throughout the year. In the last year, Marlton had an average of 45% cloud cover, with varying percentages on different days.
Now, let’s consider the electricity costs:
- Residents in Marlton pay slightly more for electricity compared to the national average, at $0.18/kw versus the national average of $0.13/kw.
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 Marlton’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 5 years to cover the initial cost of the solar panels. That means, after 5 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 Marlton New Jersey
Installing solar panels in Marlton, New Jersey can be a financially advantageous decision for residents. By harnessing the ample sunlight and moderate rainfall in the area, homeowners can generate their own clean energy and reduce their reliance on traditional electricity sources. With electricity costs in Marlton slightly above the national average, investing in solar panels can lead to significant long-term savings on utility bills. Based on the weather data and electricity costs, it is estimated that residents could break even on the cost of a solar installation in around 5 years. This initial investment will pay off over time, providing both financial benefits and a more sustainable lifestyle for Marlton homeowners.