Overview
In Pedricktown, New Jersey, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs specific to the area, we can estimate the cost of a solar system and how long it will take to break even. With ample sunlight and moderate cloud cover throughout the year, residents can harness the power of solar energy to reduce their electricity bills and ultimately save money in the long run.
Pedricktown New Jersey Weather Trends
Pedricktown Precipitation
With 61.01 inches of precipitation in the last year, Pedricktown, New Jersey falls within the 72nd percentile nationally and the 22nd percentile within the state. Compared to the national average of 50.61 inches, Pedricktown receives more rainfall. However, when looking at New Jersey’s average of 65.31 inches, Pedricktown gets slightly less precipitation.
Pedricktown’s UV Rating
Having an average UV rating of 4.23, Pedricktown ranks in the 55th percentile nationally and the 91st percentile within New Jersey. While Pedricktown’s UV rating is slightly lower than the national average of 4.29, it surpasses the state average of 4.04. Additionally, the average max UV rating of 4.59 places Pedricktown in the 47th percentile nationally and the 90th percentile in New Jersey.
Pedricktown’s Cloud Cover
With an average of 44% cloud cover, Pedricktown falls within the 47th percentile nationally and the 6th percentile within New Jersey. Comparing this to the national average of 44.46%, Pedricktown’s cloud cover is right on par. However, when looking at New Jersey’s average of 45.99%, Pedricktown experiences slightly less cloud cover. Throughout the year, Pedricktown had a variety of cloudy days, with a significant number falling within the 0% to 25% category, making it an ideal location for solar energy production.
Pedricktown New Jersey Electricity Costs
Residents of Pedricktown pay approximately $0.18/kw for electricity, placing them in the 97th percentile nationally and the 100th percentile within New Jersey. While this cost is higher than the national average of $0.13/kw, it exceeds the state average of $0.16/kw. By harnessing solar energy, residents can reduce their electricity bills and take advantage of Pedricktown’s high electricity costs to achieve greater savings in the long run.
When could you expect to break even on a solar installation in Pedricktown New Jersey?
Considering the weather and electricity costs in Pedricktown, 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:
- Pedricktown gets more precipitation than the national average, but it still has enough sun for solar panels to be effective.
- The UV ratings are slightly below the national average, but they are still suitable for generating solar power.
- The cloud cover in Pedricktown is around the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Pedricktown 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 less electricity needs to be purchased from the grid.
- With Pedricktown’s higher electricity rates, the savings are even more significant.
After analyzing the data, it appears that it would take roughly 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the savings on electricity bills will start to accumulate and pay off the investment. Since solar panels have a long lifespan, you will continue to benefit from these savings for many years to come. Installing solar panels is not only a smart financial decision but also a way to help the environment.
Investing in solar power in Pedricktown New Jersey
Installing solar panels in Pedricktown, New Jersey can bring about substantial financial advantages for residents. With ample sunlight and moderate cloud cover, the area is ideal for harnessing solar energy to reduce electricity bills. By examining the weather data and electricity costs specific to Pedricktown, we can estimate the cost of a solar system and determine that it would take approximately 5-6 years to break even on the initial investment. This means that after this period, residents can start saving money on their electricity bills and continue to benefit from the savings for many years to come. Not only is installing solar panels a wise financial choice, but it is also a way to contribute to environmental sustainability.