Overview
Are you a Mendham, New Jersey resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been looking for. In this article, we will discuss how the weather in Mendham supports solar energy production, along with the cost of installing a solar system and how long it will take to break even. By the end, you’ll see how investing in solar panels can not only benefit the environment but also your wallet.
Mendham New Jersey Weather Trends
Mendham Precipitation
With Mendham receiving 71.41 inches of precipitation in the last year, it is evident that the area has a significant amount of rainfall. Compared to the national average of 50.61 inches, Mendham is in the 90th percentile in the nation and the 84th percentile in New Jersey. This means that the weather conditions in Mendham are optimal for solar energy production, as the abundant rainfall can help keep the solar panels clean and efficient.
Mendham’s UV Rating
Despite having an average UV rating of 3.89, which is lower than the national and state averages, Mendham still has favorable conditions for solar energy. The area’s average max UV rating of 4.22 indicates that there are periods of strong sunlight that can be harnessed for solar power generation. By taking advantage of these sunny days, Mendham residents can maximize their solar energy production and savings.
Mendham’s Cloud Cover
Even though Mendham had an average of 47% cloud cover in the last year, the area still has a good amount of sun exposure for solar energy production. With 98 days of between 0% and 25% cloud cover, there are plenty of opportunities for the sun to shine on solar panels. Additionally, the national average for cloud cover is only 44.46%, making Mendham a suitable location for solar panel installation.
Mendham New Jersey Electricity Costs
Residents in Mendham pay about $0.13/kw for electricity, which is lower than the New Jersey average of $0.16/kw. While it may not seem significant, this difference in electricity costs can add up over time, especially when considering the savings from solar energy. By investing in solar panels, Mendham residents can reduce their reliance on traditional electricity sources and lower their overall energy expenses.
When could you expect to break even on a solar installation in Mendham New Jersey?
Considering the weather and electricity costs in Mendham, 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:
- Mendham received more precipitation than the national average, which might impact solar panel efficiency slightly.
- The UV ratings in Mendham are a bit lower than the national average, but still adequate for generating solar power.
- Cloud cover in Mendham is slightly higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Mendham pay about the same as the national average for electricity.
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 and saving money on bills.
- Despite Mendham’s electricity prices being average, savings can still be significant over time.
After doing the math, it appears that it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the money saved on electricity bills will begin to make up for the investment. Also, since solar panels last for many years, you’ll continue to benefit from these savings well into the future. Investing in solar panels is not only a financially wise decision but also environmentally friendly in the long run!
Investing in solar power in Mendham New Jersey
Installing solar panels in Mendham, New Jersey is a smart investment for residents looking to save money on their electricity bills. With optimal weather conditions for solar energy production and lower electricity costs compared to the state average, residents can expect to break even on their solar panel investment in about 5-6 years. Not only will this save money in the long run, but it will also benefit the environment by reducing reliance on traditional energy sources. By harnessing the power of the sun, Mendham residents can enjoy both financial savings and eco-friendly living for years to come.