Overview
If you live in Rockaway New Jersey, you might want to consider installing solar panels on your home. By analyzing weather data and electricity costs specific to the area, we can show you how a solar system can save you money in the long run. With ample sunlight and a high average UV rating, Rockaway residents can benefit from harnessing the power of the sun. Let us break down the costs and estimate how quickly you can break even on your investment.
Rockaway New Jersey Weather Trends
Rockaway Precipitation
Rockaway New Jersey received 70.04 inches of precipitation in the last year, ranking in the 89th percentile nationally and the 72nd percentile within New Jersey. Comparatively, the national average for total precipitation is 50.61 inches, while New Jersey averages around 65.31 inches annually. Embracing solar panels can help you take advantage of this rainfall to reduce your electricity costs.
Rockaway’s UV Rating
With an average UV rating of 3.73, Rockaway is in the 31st percentile in the nation and the 10th percentile in New Jersey. In comparison, the national average UV rating is 4.29, and New Jersey averages at 4.04. The high UV exposure in Rockaway makes it an ideal location for harnessing the power of solar energy to save money and reduce environmental impact.
Rockaway’s Cloud Cover
Rockaway New Jersey experienced an average of 47% cloud cover in the last year, ranking at the 65th percentile nationwide and the 84th percentile within New Jersey. This cloud cover distribution presents ample opportunities for solar energy generation. With 97 days of low cloud cover and 105 days of moderate cloud cover, adding solar panels to your home can maximize energy production.
Rockaway New Jersey Electricity Costs
Residents of Rockaway pay about $0.15/kw for electricity, positioning the town in the 91st percentile nationally and the 18th percentile within New Jersey. In contrast, the national average for residential electricity is $0.13/kw, while New Jersey’s average is slightly higher at $0.16/kw. Installing solar panels can help lower your electricity bills and provide long-term savings in this high-cost energy environment.
When could you expect to break even on a solar installation in Rockaway New Jersey?
Considering the weather and electricity costs in Rockaway, 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:
- Rockaway, New Jersey receives more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Rockaway, New Jersey are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Rockaway, New Jersey is about average for the country, with variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Rockaway, New Jersey pay slightly 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 solar system will generate electricity, reducing the need to purchase as much from the grid.
- Considering Rockaway’s higher electricity rates, the savings will be greater.
After doing the calculations, it seems like it would take around 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the money saved on electricity bills will start to accumulate and offset the initial investment. Additionally, since solar panels have a long lifespan, you will continue to benefit from savings for many years to come. Investing in solar panels is a wise financial decision that also contributes to environmental sustainability.
Investing in solar power in Rockaway New Jersey
Installing solar panels in Rockaway New Jersey can be a practical and cost-effective decision for residents. With higher than average precipitation, adequate sunlight, and moderate cloud cover, the area provides ideal conditions for solar energy generation. Additionally, with slightly higher electricity costs compared to the national average, investing in solar panels can lead to significant long-term savings. By estimating a break-even period of 6-7 years, it is evident that installing solar panels is a smart financial choice that not only saves money but also contributes to environmental sustainability for years to come.