Overview
If you’re a Plainsboro resident looking to save money on your electricity bills, installing solar panels on your home could be a wise investment. By analyzing weather data and electricity costs specific to Plainsboro, we’ll show you how much you can save over the long term. With a breakdown of the initial costs of a solar system and an estimate of how quickly you can recoup your investment, you’ll see the financial benefits of going solar in your area.
Plainsboro New Jersey Weather Trends
Plainsboro Precipitation
With Plainsboro receiving 60.93 inches of precipitation in the last year, it is important to note that this puts the town in the 72nd percentile in the nation and the 22nd percentile in New Jersey. Comparing this to the national average of 50.61 inches and New Jersey’s average of 65.31 inches, it is clear that Plainsboro experiences moderate precipitation levels.
Plainsboro’s UV Rating
Plainsboro New Jersey had an average UV rating of 4.04 in the last year, placing it in the 47th percentile in the nation and the 56th percentile in New Jersey. When compared to the national average of 4.29 and New Jersey’s average of 4.04, it is evident that Plainsboro enjoys a decent amount of sun exposure, with an average max UV rating of 4.33.
Plainsboro’s Cloud Cover
On average, Plainsboro had 45% cloud cover in the last year, ranking it in the 54th percentile in the nation and the 31st percentile in New Jersey. The national average for cloud cover is 44.46%, while New Jersey’s average is 45.99%. With a good balance between sunny and cloudy days, Plainsboro offers a favorable environment for solar panel installation.
Plainsboro New Jersey Electricity Costs
Plainsboro residents pay around $0.17/kw for electricity, positioning the town in the 96th percentile nationally and the 73rd percentile in New Jersey. In comparison, the national average for residential electricity is $0.13/kw, and New Jersey’s average is $0.16/kw. With slightly higher electricity costs in Plainsboro, installing solar panels can lead to significant savings over time.
When could you expect to break even on a solar installation in Plainsboro New Jersey?
Considering the weather and electricity costs in Plainsboro 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:
- Plainsboro New Jersey gets more precipitation than the national average, which can affect solar panel efficiency.
- The UV ratings in Plainsboro New Jersey are slightly lower than the national average, but still good for generating solar power.
- Cloud cover in Plainsboro New Jersey is about average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Plainsboro 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.
- With Plainsboro New Jersey’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 4-5 years to cover the initial cost of the solar panels. That means, after 4-5 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 Plainsboro New Jersey
Installing solar panels in Plainsboro, New Jersey can be a smart financial decision for residents looking to save money on their electricity bills. By analyzing weather trends specific to the area and comparing them to electricity costs, we can see that solar panels offer significant long-term savings. With the initial investment recouped in 4-5 years, the financial benefits of going solar in Plainsboro are clear. Not only will you save money, but you’ll also be contributing to a cleaner, more sustainable environment. It’s a win-win situation for both your wallet and the planet!