Overview
Are you a Moorestown, New Jersey resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been searching for. By analyzing weather data, including average precipitation, UV ratings, and cloud cover, as well as basic electricity costs, this article will show you the financial benefits of going solar in Moorestown. We will break down the cost of a solar system and estimate how long it will take for you to break even, ultimately leading to long-term savings on your energy expenses.
Moorestown New Jersey Weather Trends
Moorestown Precipitation
With 58.39 inches of precipitation in the last year, Moorestown New Jersey falls above the national average of 50.61 inches. Although it ranks lower than the New Jersey average of 65.31 inches, Moorestown still experiences a significant amount of rainfall, making it an ideal location for harnessing solar energy as part of your home’s energy source.
Moorestown’s UV Rating
With an average UV rating of 4.26 in the last year, Moorestown New Jersey sits slightly below the national average of 4.29. However, it surpasses New Jersey’s average UV rating of 4.04. The higher UV rating means that Moorestown receives more sunlight, a crucial factor in maximizing the efficiency of a solar panel system installed on your home.
Moorestown’s Cloud Cover
With an average of 44% cloud cover, Moorestown New Jersey experiences similar cloud conditions to the national average of 44.46%. While it falls below New Jersey’s average of 45.99%, Moorestown still has a good amount of sunny days ideal for solar energy production. With 119 days of low cloud cover, 88 days of moderate cloud cover, 90 days of high cloud cover, and 67 days of overcast conditions, Moorestown offers a good mix of sunlight for solar energy production.
Moorestown New Jersey Electricity Costs
At $0.17/kw, Moorestown residents pay more for electricity compared to the national average of $0.13/kw. However, the cost is slightly lower than New Jersey’s average of $0.16/kw. By transitioning to solar energy, you can significantly reduce your electricity bills over time, taking advantage of Moorestown’s ample sunlight and favorable weather conditions for solar panel installation.
When could you expect to break even on a solar installation in Moorestown New Jersey?
Considering the weather and electricity costs in Moorestown, 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:
- Moorestown gets slightly more precipitation than the national average, but it still has enough sunny days for solar panels to work effectively.
- The UV ratings in Moorestown are just a bit lower than the national average, but they are still good for generating solar power.
- Cloud cover in Moorestown is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Moorestown 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 Moorestown’s higher electricity rates, the savings from solar power are significant.
After running the numbers, it appears that it would take around 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. Considering that solar panels last for a long time, you’ll continue to enjoy those savings for many years beyond the break-even point. Investing in solar energy is a smart way to save money and contribute to a cleaner environment!
Investing in solar power in Moorestown New Jersey
By analyzing Moorestown, New Jersey’s weather trends and electricity costs, it is clear that installing solar panels can lead to significant long-term savings on energy bills. With ample sunlight and favorable cloud cover conditions, Moorestown is an ideal location for harnessing solar energy. Despite higher electricity costs, investing in a solar system could result in breaking even within 7 years and enjoying years of savings thereafter. Transitioning to solar power not only benefits your wallet but also contributes to a cleaner environment. Make the smart choice and consider going solar in Moorestown today!