Overview
Penns Park, Pennsylvania residents, have you ever considered the financial benefits of installing solar panels on your home? With our analysis of weather data and electricity costs specific to Penns Park, we have found that solar panels can help you save money in the long run. By breaking down the cost of a solar system and estimating the time it takes to break even, we will show you how investing in solar energy can be a smart financial decision for your home.
Penns Park Pennsylvania Weather Trends
Penns Park Precipitation
With Penns Park Pennsylvania receiving 66.8 inches of precipitation in the last year, it is evident that the area experiences above-average rainfall. However, when compared to the national and state averages, Penns Park falls in the 83rd percentile in both, indicating a slightly wetter climate than most other parts of the country and Pennsylvania.
Penns Park’s UV Rating
Considering Penns Park Pennsylvania’s average UV rating of 4.08, residents can expect moderate exposure to sunlight throughout the year. Compared to the rest of the nation, Penns Park ranks in the 49th percentile for UV rating, but in Pennsylvania, it stands at the 88th percentile. This means that investing in solar panels in Penns Park could potentially yield higher solar energy production due to the relatively higher UV exposure.
Penns Park’s Cloud Cover
In the last year, Penns Park Pennsylvania had an average of 46% cloud cover, which indicates a fairly balanced mix of cloudy and clear days. When looking at the national and state averages, Penns Park falls in the 57th percentile in the country and the 12th percentile in Pennsylvania for cloud cover. With over 100 days of clear to partly cloudy skies annually, solar panels in Penns Park can efficiently harness sunlight for energy production.
Penns Park Pennsylvania Electricity Costs
Residents of Penns Park Pennsylvania pay approximately $0.13/kw for electricity, positioning the area in the 67th percentile in the nation and the 36th percentile in Pennsylvania in terms of electricity costs. While this cost aligns with the national average, investing in solar panels can help residents reduce their reliance on traditional electricity sources, ultimately saving money in the long run and contributing to a more sustainable environment.
When could you expect to break even on a solar installation in Penns Park Pennsylvania?
Considering the weather and electricity costs in Penns Park Pennsylvania, 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:
- Penns Park Pennsylvania receives slightly more precipitation than the national average, but it still has decent sunlight for solar panels.
- The UV ratings in Penns Park Pennsylvania are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Penns Park Pennsylvania is around the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Penns Park Pennsylvania pay the same $.13/kw rate 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 need to purchase as much from the grid.
- With Penns Park Pennsylvania’s electricity costs, the savings are consistent with the national average.
After evaluating the data, it appears that it would take approximately 5 years to recoup the initial cost of installing solar panels. Subsequently, the money saved on electricity bills will start accumulating and paying off the investment. Given that solar panels have a long lifespan, you can enjoy these savings for many years after the initial period. Investing in solar power is not only a wise financial decision but also a way to contribute to environmental conservation.
Investing in solar power in Penns Park Pennsylvania
Installing solar panels on your home in Penns Park, Pennsylvania can be a smart financial decision in the long run. By harnessing the area’s sunlight and relatively low electricity costs, residents have the opportunity to break even on their investment in approximately 5 years. After this point, the savings on electricity bills will continue to accumulate, providing financial benefits for many years to come. Not only does investing in solar power make sense financially, but it also helps promote a more sustainable environment by reducing reliance on traditional energy sources.