Overview
Discover the financial benefits of installing solar panels in Shiloh, New Jersey! By analyzing weather data and electricity costs specific to the area, we will show you how much you can save by going solar. Learn how much a solar system costs, how long it will take to break even, and why making the switch to solar energy is a smart investment for your home.
Shiloh New Jersey Weather Trends
Shiloh Precipitation
With 62.99 inches of precipitation in the last year, Shiloh New Jersey falls above the national average of 50.61 inches. While Shiloh is in the 77th percentile in the nation, it is only in the 34th percentile in New Jersey. Comparatively, the state’s average for total precipitation is 65.31 inches. Embracing solar panels can help reduce your carbon footprint and take advantage of all that rainfall.
Shiloh’s UV Rating
Shiloh New Jersey boasts an average UV rating of 4.18, outperforming the national average of 4.29. Although ranked in the 53rd percentile in the nation, Shiloh sits at the 81st percentile in New Jersey. Additionally, the town’s average max UV rating of 4.46 surpasses the national average of 4.61. Making the switch to solar energy can capitalize on Shiloh’s sun exposure and significantly lower your electricity bills.
Shiloh’s Cloud Cover
With an average of 44% cloud cover in the last year, Shiloh New Jersey stands slightly below the national average of 44.46%. Despite this, the town falls in the 7th percentile in New Jersey for cloud cover. Throughout the year, Shiloh experienced a variety of cloud cover percentages, offering ample sunlight for solar panels to generate energy efficiently. By harnessing the power of the sun, you can see significant savings on your electricity costs.
Shiloh New Jersey Electricity Costs
Shiloh residents pay approximately $0.18/kw for electricity, ranking the town in the 97th percentile in the nation and the 100th percentile in New Jersey. Comparing this to the national average of $0.13/kw and New Jersey’s average of $0.16/kw, it is clear that electricity costs in Shiloh are higher. Installing solar panels can help offset these costs and provide long-term financial benefits for your household.
When could you expect to break even on a solar installation in Shiloh New Jersey?
Considering the weather and electricity costs in Shiloh 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:
- Shiloh New Jersey receives more precipitation than the national average, which can impact solar panel efficiency.
- The UV ratings in Shiloh New Jersey are slightly lower than the national average but are still sufficient for generating solar power.
- Cloud cover in Shiloh New Jersey is slightly below the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Shiloh New Jersey pay more for electricity compared to the national average, which makes solar power more cost-effective.
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, saving money on electricity bills.
- With the higher electricity rates in Shiloh New Jersey, the savings from solar power are even greater.
Based on the analysis, it would take approximately 5 years to cover the initial cost of the solar panels. After this period, the savings on electricity bills will accumulate and pay off the investment. Considering the long lifespan of solar panels, the savings will continue for many years, making it a wise financial and environmentally friendly choice.
Investing in solar power in Shiloh New Jersey
Installing solar panels in Shiloh, New Jersey can lead to significant financial benefits for homeowners. By analyzing weather data and electricity costs specific to the area, it is clear that making the switch to solar energy is a smart investment. With higher electricity costs and favorable weather conditions for solar power generation in Shiloh, residents can expect to break even on their investment in approximately 5 years. Not only will this lead to long-term savings on electricity bills, but it will also reduce the carbon footprint of households. Embracing solar energy in Shiloh is a wise decision both economically and environmentally.