Overview
Are you a Riverton New Jersey resident looking to save money on your electricity bill? Installing solar panels on your home could be the solution for you. In this article, we will break down the financial benefits of going solar based on weather data from the area, including inches of precipitation, average max UV rating, average UV rating, and average percentage cloud cover. By analyzing the cost of a solar system and estimating how long it will take to break even, we will show you why going solar is a smart investment for Riverton residents.
Riverton New Jersey Weather Trends
Riverton Precipitation
With 64.46 inches of precipitation in the last year, Riverton New Jersey is ahead of the national average of 50.61 inches, positioning itself in the 80th percentile across the country. Although Riverton falls slightly below New Jersey’s average of 65.31 inches, the ample rainfall in the area can benefit solar panel efficiency and energy production, making it a prime location for a solar system installation. By taking advantage of the abundant precipitation, Riverton residents can maximize their electricity savings and reduce their carbon footprint.
Riverton’s UV Rating
With an average UV rating of 4.17, Riverton New Jersey ranks above the national average of 4.29, placing it in the 53rd percentile nationwide. Compared to New Jersey’s average of 4.04, Riverton is well-positioned to harness solar energy efficiently. Additionally, the average max UV rating of 4.48 in Riverton surpasses both the national and state averages. These favorable UV ratings make Riverton an ideal location for solar panel installation, enabling residents to capitalize on sustainable energy generation and long-term cost savings.
Riverton’s Cloud Cover
Despite the 45% average cloud cover in the last year, Riverton New Jersey remains in a competitive position for solar energy production. This percentage places Riverton in the 55th percentile nationwide and the 39th percentile in New Jersey. With a balance of clear and cloudy days, Riverton residents can rely on consistent solar energy generation throughout the year. By strategically utilizing solar panels, homeowners can offset their electricity consumption and contribute to a greener environment.
Riverton New Jersey Electricity Costs
At $0.17/kw, Riverton New Jersey residents pay slightly above the national average of $0.13/kw for electricity. However, compared to New Jersey’s average of $0.16/kw, Riverton’s electricity costs are still reasonable. By transitioning to solar power, residents can significantly reduce their reliance on traditional energy sources and lower their utility bills in the long run. Investing in solar panels offers a sustainable solution to rising electricity costs, ensuring substantial savings and environmental benefits for Riverton homeowners.
When could you expect to break even on a solar installation in Riverton New Jersey?
Considering the weather and electricity costs in Riverton 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:
- Riverton New Jersey receives more precipitation than the national average, which can impact the effectiveness of solar panels.
- The UV ratings in Riverton New Jersey are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Riverton New Jersey is around the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Riverton 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, reducing the need to purchase from the grid.
- Considering Riverton New Jersey’s higher electricity rates, the savings from solar power are even more significant.
After analyzing the numbers, it seems like it would take approximately 8 years to cover the initial cost of the solar panels. This means that after 8 years, the money saved on electricity bills will begin to offset the investment. Additionally, since solar panels have a long lifespan, you will continue to enjoy these savings for many years to come. Investing in solar power is a smart way to save money and contribute to a cleaner environment!
Investing in solar power in Riverton New Jersey
Installing solar panels in Riverton, New Jersey can be a wise financial decision for residents. With above-average precipitation, favorable UV ratings, and decent cloud cover, the area is well-suited for solar energy generation. Despite slightly higher electricity costs compared to the national average, transitioning to solar power can lead to significant long-term savings. By investing in a solar system, Riverton homeowners can expect to break even in approximately 8 years and continue reaping the benefits of lower utility bills and a reduced carbon footprint for many years to come.