Overview
In Mount Royal, New Jersey, installing solar panels on your home can save you money in the long run. By considering the weather data for the area, such as inches of precipitation, average max UV rating, average UV rating, and average of percentage cloud cover over a year, along with basic electricity costs, we can estimate the financial benefits of investing in solar power. By breaking down the cost of a solar system and determining how long it will take to break even based on the data, we can show you why going solar in Mount Royal is a smart financial decision.
Mount Royal New Jersey Weather Trends
Mount Royal Precipitation
With Mount Royal, New Jersey receiving 56.49 inches of precipitation in the last year, it’s important to note that this puts the town in the 63rd percentile in the nation. Compared to New Jersey, Mount Royal falls in the 7th percentile. The national average for total precipitation is 50.61 inches, while New Jersey’s average is 65.31 inches. Considering the amount of precipitation the town receives, solar panels can help you save money in the long run by harnessing that energy.
Mount Royal’s UV Rating
Mount Royal, New Jersey had an average UV rating of 4.26 over the last year, positioning the town in the 56th percentile in the nation. In comparison to New Jersey, it falls in the 96th percentile. The national average for average UV rating is 4.29. New Jersey’s average is 4.04. Additionally, the town saw an average max UV rating of 4.61, placing it in the 48th percentile nationally and the 93rd percentile in the state. Given the town’s UV ratings, installing solar panels can help you take advantage of the available sunlight and reduce your electricity costs.
Mount Royal’s Cloud Cover
Mount Royal, New Jersey experienced an average of 43% cloud cover in the last year, placing the town in the 46th percentile nationally and the 4th percentile in New Jersey. The national average for cloud cover is 44.46%, while New Jersey’s average is 45.99%. Furthermore, the town had varying numbers of days with different levels of cloud cover. With the relatively low cloud cover, installing solar panels can ensure that you can generate more electricity from the sun throughout the year.
Mount Royal New Jersey Electricity Costs
Residents of Mount Royal, New Jersey pay about $0.18/kw for electricity, putting the town in the 96th percentile in the nation and the 91st percentile in New Jersey. The national average for residential electricity is $0.13/kw, while New Jersey’s average is $0.16/kw. Given the higher electricity costs in the town compared to the national and state averages, investing in solar panels can lead to significant savings on your electricity bills over time.
When could you expect to break even on a solar installation in Mount Royal New Jersey?
Considering the weather and electricity costs in Mount Royal 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:
- Mount Royal New Jersey gets slightly more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings are very close to the national average, making it a good location for generating solar power.
- Cloud cover in Mount Royal New Jersey is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Mount Royal New Jersey 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, which means we don’t need to buy as much from the grid, saving on those higher electricity rates.
After crunching the numbers, it looks like it would take around 5 to 6 years to cover the initial cost of the solar panels. That means, after 5 to 6 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 Mount Royal New Jersey
When considering the weather patterns and electricity costs in Mount Royal, New Jersey, it is evident that investing in solar panels can lead to significant financial benefits over time. With above-average UV ratings, slightly more rain than the national average, and relatively low cloud cover, Mount Royal is a prime location for harnessing solar energy. Additionally, residents in Mount Royal pay higher electricity costs compared to the national average, making solar power a worthwhile investment. By calculating the break-even point for a standard solar system and analyzing annual savings on electricity bills, it is estimated that it would take around 5 to 6 years to cover the initial cost of installation. This indicates that going solar in Mount Royal is not only a financially sound decision but also an environmentally-friendly one that can lead to long-term savings and benefits.