Overview
Are you a Middlesex New Jersey resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been seeking. By analyzing weather data and electricity costs specific to Middlesex New Jersey, we will show you how investing in a solar system can help you break even and start saving money in the long run. Let us break down the costs and financial benefits for you.
Middlesex New Jersey Weather Trends
Middlesex Precipitation
Living in Middlesex New Jersey means experiencing a significant amount of precipitation, with an average of 66.81 inches per year. Compared to the rest of the country, Middlesex falls in the 83rd percentile for total precipitation, surpassing the national average of 50.61 inches. When compared to the state of New Jersey, Middlesex ranks in the 57th percentile, slightly exceeding the state average of 65.31 inches. With these high precipitation levels, harnessing the power of solar energy can help you take advantage of the ample rainfall for a sustainable energy source.
Middlesex’s UV Rating
With an average UV rating of 3.98, Middlesex New Jersey enjoys moderate sun exposure throughout the year. This places Middlesex in the 44th percentile nationally and the 34th percentile within New Jersey. Although slightly below the national average of 4.29, and the state average of 4.04, Middlesex still receives a decent amount of sunlight. Additionally, with an average maximum UV rating of 4.3, Middlesex residents have the potential to harness the sun’s energy effectively for solar power systems.
Middlesex’s Cloud Cover
Over the course of a year, Middlesex New Jersey experiences an average cloud cover of 46%. This places Middlesex in the 59th percentile nationally and the 58th percentile within New Jersey. While slightly above the national average of 44.46% and the state average of 45.99%, Middlesex still has plenty of sunny days to make use of solar panels effectively. With a range of cloud cover percentages throughout the year, you can still rely on solar energy to power your home consistently.
Middlesex New Jersey Electricity Costs
When it comes to electricity costs, Middlesex residents pay around $0.17 per kilowatt-hour on average. This places Middlesex in the 96th percentile nationally and the 73rd percentile within New Jersey. Comparing to the national average of $0.13/kw and the state average of $0.16/kw, Middlesex residents have higher electricity costs. By investing in solar panels, you can significantly reduce your electricity bills over time and take control of your energy expenses.
When could you expect to break even on a solar installation in Middlesex New Jersey?
Considering the weather and electricity costs in Middlesex 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:
- Middlesex New Jersey gets more precipitation than the national average, but it still has enough sunny days for solar panels to work effectively.
- The UV ratings in Middlesex New Jersey are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Middlesex New Jersey is around the national average, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Middlesex New Jersey pay slightly 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, which means less need to buy from the grid.
- Considering Middlesex New Jersey’s higher electricity rates, the savings are even more significant.
After doing the math, it seems that it would take approximately 7 years to cover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels last for a long time, you will continue to enjoy those savings for many years beyond the payoff period. Investing in solar energy is a wise financial decision that not only saves money but also benefits the environment. It’s a win-win situation!
Investing in solar power in Middlesex New Jersey
Investing in solar energy in Middlesex New Jersey can be a smart financial move for residents looking to reduce their electricity bills. Analyzing weather data and electricity costs specific to the area shows that solar panels can help homeowners break even on their investment in approximately 7 years. With ample rainfall and moderate sun exposure, solar power systems can effectively generate electricity to save money in the long run. By harnessing the power of the sun, Middlesex residents can take control of their energy expenses and enjoy both financial savings and environmental benefits for many years to come.