Overview
This article will provide you with information on the financial benefits of installing solar panels on your home in Westwood, New Jersey. By analyzing weather data and electricity costs specific to the area, we will show you how much money you can save over time by switching to solar energy. We will break down the cost of a solar system and estimate the time it will take for you to break even on your investment. With the data provided, you will see how going solar can help you save money in the long run.
Westwood New Jersey Weather Trends
Westwood Precipitation
With Westwood receiving 74.51 inches of precipitation in the last year, it is evident that the area sees above-average rainfall. Compared to the rest of the country, Westwood is in the 94th percentile, highlighting the ample opportunity for harnessing solar energy. In comparison, the national average for total precipitation is 50.61 inches. This means that the abundance of rainfall in Westwood makes it a prime location for solar panel installation, allowing you to capitalize on the energy potential provided by the region’s weather conditions.
Westwood’s UV Rating
Westwood’s average UV rating of 3.86 in the last year places it in the 39th percentile nationwide. Although this rating may seem moderate, it indicates a significant potential for solar energy generation in the area. When comparing with the rest of New Jersey, Westwood ranks in the 17th percentile for UV rating. With the national average at 4.29, and New Jersey’s average at 4.04, Westwood’s slightly lower UV rating still offers ample sunlight to make the switch to solar a financially viable option for residents.
Westwood’s Cloud Cover
Having an average of 48% cloud cover in the last year, Westwood is in the 67th percentile nationally and the 88th percentile within New Jersey. Despite the moderate cloud cover, there are still plenty of clear days for solar panels to capture sunlight efficiently. Comparing this with the national average of 44.46% and New Jersey’s average of 45.99%, Westwood stands out as a location suitable for solar energy production. With nearly 100 days of low-cloud cover and an overall mild cloud coverage, Westwood provides favorable conditions for solar panel installation.
Westwood New Jersey Electricity Costs
Residents in Westwood, New Jersey, pay about $0.17 per kilowatt-hour for electricity, positioning the area in the 95th percentile nationally and the 64th percentile within New Jersey. While this cost may seem high compared to the national average of $0.13/kw, Westwood’s average is lower than the state average of $0.16/kw. By leveraging solar power as an alternative energy source, you can significantly reduce your electricity expenses and reap the long-term financial benefits of generating your electricity sustainably.
When could you expect to break even on a solar installation in Westwood New Jersey?
Considering the weather and electricity costs in Westwood 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:
- Westwood New Jersey receives more precipitation than the national average, which can affect solar panel efficiency.
- The UV ratings in Westwood New Jersey are slightly lower than the national average, but still conducive to generating solar power.
- Cloud cover in Westwood New Jersey is slightly higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Westwood 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 Westwood New Jersey’s higher electricity rates, the savings potential is significant.
After calculations, it appears that it would take approximately 6-7 years to cover the initial cost of the solar panels. After this period, the money saved on electricity bills will begin to accumulate and offset the investment. Given the longevity of solar panels, these savings will persist for many years, making it a wise financial and environmental choice in the long run.
Investing in solar power in Westwood New Jersey
After analyzing the weather data and electricity costs specific to Westwood, New Jersey, it is evident that installing solar panels can result in significant financial benefits for residents. With above-average precipitation, a moderate UV rating, and slightly higher cloud cover, Westwood provides favorable conditions for solar energy production. Additionally, residents in Westwood pay more for electricity compared to the national average, making the switch to solar a cost-effective option. By investing in a solar system, residents can expect to break even in about 6-7 years and enjoy long-term savings on electricity bills. Overall, transitioning to solar energy in Westwood is not only a wise financial decision but also a sustainable choice for the environment.