Overview
In Pomona, New Jersey, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data collected over 365 days, along with basic electricity costs, we can estimate the cost of a solar system and predict how long it will take to break even. With the area’s weather conditions and high average UV ratings, residents can capitalize on solar power to reduce their electricity bills and potentially even earn money back from excess energy production. Investing in solar panels in Pomona is not only environmentally friendly but also a smart financial decision for long-term savings.
Pomona New Jersey Weather Trends
Pomona Precipitation
In the last year, Pomona New Jersey received 64.86 inches of precipitation, ranking it in the 80th percentile in the nation and the 46th percentile in New Jersey. With a total precipitation average of 50.61 inches across the country and 65.31 inches in New Jersey, Pomona’s slightly higher levels indicate a great opportunity for efficient solar energy production compared to other areas.
Pomona’s UV Rating
With an average UV rating of 4.18 in the last year, Pomona falls in the 53rd percentile nationally and the 81st percentile in New Jersey. Comparing it to the national average of 4.29 and the state’s average of 4.04, Pomona’s relatively high UV levels make it an ideal location for harnessing solar energy. Additionally, the average max UV rating of 4.43 further supports the outstanding potential for solar power production in Pomona.
Pomona’s Cloud Cover
Despite experiencing an average of 44% cloud cover over the last year, Pomona is in the 49th percentile nationwide and the 10th percentile in New Jersey. The national average for cloud cover is slightly higher at 44.46%, and New Jersey’s average stands at 45.99%. With a significant number of clear days, Pomona provides ample sunlight for solar panels to generate electricity efficiently throughout the year.
Pomona New Jersey Electricity Costs
Residents of Pomona pay about $0.18/kw for electricity, placing them in the 97th percentile in the nation and the 100th percentile in New Jersey. In comparison, the national average for residential electricity is $0.13/kw, while New Jersey’s average is $0.16/kw. With relatively higher electricity costs in Pomona, investing in solar panels can lead to substantial long-term savings on energy bills and potentially even generate income from excess energy production.
When could you expect to break even on a solar installation in Pomona New Jersey?
Considering the weather and electricity costs in Pomona, 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:
- Pomona receives slightly more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Pomona are slightly below the national average, but they are still suitable for generating solar power.
- Cloud cover in Pomona is close to the national average, with days varying in cloudiness throughout the year.
Now, let’s consider the electricity costs:
- Residents in Pomona 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 needed from the grid.
- With Pomona’s higher electricity rates, the savings from using solar power are even greater.
After analysis, it looks like it would take around 5 to 6 years to cover the initial cost of the solar panels. This means that after this period, the money saved on electricity bills will start to accumulate, covering the investment. Additionally, since solar panels last for many years, the savings will continue for an extended period. Investing in solar panels is a wise financial decision that not only saves money but also helps the environment.
Investing in solar power in Pomona New Jersey
Investing in solar panels in Pomona, New Jersey can result in significant financial benefits due to the area’s weather conditions and high electricity costs. By analyzing precipitation, UV ratings, cloud cover, and electricity expenses, residents can estimate the cost of a solar system and predict the time it will take to break even. With Pomona’s ample sunlight, efficient energy production, and higher electricity rates, investing in solar panels is not only environmentally friendly but also a smart long-term financial choice. By harnessing solar power, residents can reduce their electricity bills and potentially earn money back from excess energy production, making it a beneficial investment overall.