Overview
Are you a Union, New Jersey resident looking to save money on your electricity bills? Installing solar panels on your home can help you do just that! In this article, we will break down the cost of a solar system for your home and estimate how long it will take for you to break even. By analyzing weather data and electricity costs specific to Union, New Jersey, we will show you how you can take advantage of the financial benefits of going solar.
Union New Jersey Weather Trends
Union Precipitation
With Union, New Jersey receiving 68.26 inches of precipitation in the last year, you might be wondering how this impacts your decision to install solar panels. Compared to the rest of the country, Union falls in the 86th percentile, showcasing its tendency for wet weather. However, when considering New Jersey as a whole, Union ranks in the 62nd percentile. This means that despite the slightly higher precipitation levels in Union compared to the national average of 50.61 inches, the state’s average of 65.31 inches is still higher.
Union’s UV Rating
Looking at Union, New Jersey’s average UV rating of 4.01 over the last year, you’ll find that it falls within the 46th percentile nationwide and the 44th percentile within New Jersey. While the national average UV rating sits at 4.29, New Jersey’s average is slightly lower at 4.04. Additionally, Union’s average max UV rating of 4.26 places it in the 39th percentile nationally and the 48th percentile within the state. Considering the national average max UV rating is 4.61, Union’s levels are relatively moderate, making it a great location for solar panel installation.
Union’s Cloud Cover
With an average of 47% cloud cover in Union, New Jersey over the last year, this puts the city in the 62nd percentile nationally and the 73rd percentile within the state. Compared to the national average of 44.46%, Union’s slight increase in cloud cover may lead you to wonder about the efficiency of solar panels. However, with a good number of days having lower cloud cover percentages, Union is still a viable location for harnessing solar energy.
Union New Jersey Electricity Costs
When it comes to electricity costs, Union, New Jersey residents pay around $0.15 per kWh, ranking the city in the 93rd percentile among the nation and the 27th percentile within the state. With the national average sitting at $0.13 per kWh and New Jersey’s average at $0.16 per kWh, Union’s rate falls on the slightly higher side. By installing solar panels, you have the opportunity to offset these ongoing costs and take control of your energy expenses in the long run.
When could you expect to break even on a solar installation in Union New Jersey?
Considering the weather and electricity costs in Union, 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:
- Union receives more precipitation than the national average, but it still has enough sunny days for solar panels to be effective.
- The UV ratings in Union are slightly below the national average, but they are still good for generating solar power.
- Cloud cover in Union is about average for the country, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Union, 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 system generates electricity, reducing the amount needed from the grid.
- Due to higher electricity rates in Union, the savings are even more significant.
After calculations, it appears that it would take around 7 years to cover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Remember, solar panels have a long lifespan, so after that initial period, you’ll continue to enjoy savings for many years. It’s a wise way to save money while also benefiting the environment!
Investing in solar power in Union New Jersey
Installing solar panels in Union, New Jersey can be a smart financial decision for residents looking to save money on their electricity bills. Despite slightly higher precipitation levels and lower UV ratings compared to national averages, Union still has suitable conditions for effective solar panel use. With electricity costs slightly above the national average, the initial investment in solar panels can be recouped in approximately 7 years. The long lifespan of solar panels ensures continued savings for years to come, making it a wise and cost-effective choice for Union residents.