Overview
In sunny Pennsauken, New Jersey, installing solar panels on your home can lead to significant financial savings in the long run. By analyzing weather data and electricity costs over the course of 365 days, we can estimate how quickly you will break even on the initial cost of a solar system. With the average amount of precipitation, UV ratings, and cloud cover in mind, it is clear that solar power can be a cost-effective and sustainable choice for residents in Pennsauken.
Pennsauken New Jersey Weather Trends
Pennsauken Precipitation
With 60.11 inches of precipitation in the last year, Pennsauken is in the 70th percentile in the nation and the 18th percentile in New Jersey. Compared to the national average of 50.61 inches, Pennsauken experiences slightly more rain. However, New Jersey’s average of 65.31 inches indicates that Pennsauken is on the lower end within the state. By harnessing solar power, residents can take advantage of sunny days to offset the impact of precipitation and reduce electricity costs.
Pennsauken’s UV Rating
With an average UV rating of 4.25 in the last year, Pennsauken sits in the 56th percentile nationwide and the 96th percentile in New Jersey. While the national average is 4.29, the state’s average of 4.04 indicates that Pennsauken enjoys relatively higher UV levels. This means that solar panels in Pennsauken can be more efficient at converting sunlight into energy compared to other parts of the country. With a higher UV rating, residents can potentially see quicker returns on their solar investment.
Pennsauken’s Cloud Cover
With an average of 44% cloud cover in the last year, Pennsauken falls in the 51st percentile nationally and the 18th percentile in New Jersey. While the national average hovers around 44.46%, New Jersey’s average of 45.99% suggests that Pennsauken experiences less cloud cover. This means that there are ample sunny days for solar panels to generate electricity efficiently. By capitalizing on clear skies, residents can maximize their solar energy production and reduce their reliance on grid electricity.
Pennsauken New Jersey Electricity Costs
At $0.17/kw, Pennsauken residents pay more for electricity compared to the national average of $0.13/kw. However, when looking at New Jersey’s average residential electricity cost of $0.16/kw, Pennsauken is slightly higher. By installing solar panels, residents can lower their electricity bills significantly and hedge against potential future rate hikes. With abundant sunshine and higher electricity costs, Pennsauken is an ideal location for solar power adoption.
When could you expect to break even on a solar installation in Pennsauken New Jersey?
Considering the weather and electricity costs in Pennsauken, 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:
- Pennsauken gets more precipitation than the national average, but it still has good levels of sunlight for solar panels to work effectively.
- The UV ratings in Pennsauken are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Pennsauken is around the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Pennsauken 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 bought from the grid.
- Given Pennsauken’s higher electricity rates, the savings will be significant.
After analyzing the data, it appears that it would take approximately 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 begin to accumulate and offset the investment. Remember, solar panels have a long lifespan, so beyond that initial period, you will continue to benefit from these savings for many years. Investing in solar power is a smart way to save money and contribute to a cleaner environment.
Investing in solar power in Pennsauken New Jersey
By analyzing the weather trends and electricity costs in Pennsauken, New Jersey, it is evident that installing solar panels can lead to significant financial savings over time. With higher than average UV ratings, lower cloud cover, and slightly heightened precipitation levels, Pennsauken provides an optimal environment for harnessing solar power. Additionally, with electricity costs in the area surpassing the national average, residents stand to benefit greatly from transitioning to solar energy. Based on the data, it is estimated that homeowners in Pennsauken could break even on their solar investment within 5-6 years, paving the way for long-term savings and a greener future.