Overview
Are you a Wildwood Pennsylvania resident looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data and electricity costs specific to Wildwood, we have determined that a solar system could help you break even on your investment sooner than you might think. Let us show you how going solar can put more money back in your pocket in the long run.
Wildwood Pennsylvania Weather Trends
Wildwood Precipitation
Wildwood Pennsylvania received 54.05 inches of precipitation in the last year, which is higher than the national average of 50.61 inches. While it may be slightly lower than Pennsylvania’s average of 59.53 inches, Wildwood still has a significant amount of precipitation compared to other areas in the country. By harnessing this natural resource, residents can benefit from consistent energy production from their solar panels.
Wildwood’s UV Rating
With an average UV rating of 3.66, Wildwood Pennsylvania residents can take advantage of the sun’s energy to power their homes. While this rating is lower than the national average of 4.29, it is still favorable for solar energy production. The high number of sunny days in Wildwood provides an excellent opportunity to generate clean and renewable energy, reducing reliance on traditional electricity sources.
Wildwood’s Cloud Cover
Wildwood Pennsylvania experiences, on average, 53% cloud cover throughout the year. Although this is slightly higher than the national average of 44.46%, the number of sunny days in Wildwood still allows for efficient solar energy production. By taking advantage of clear days and optimizing panel placement, residents can maximize their energy output and ultimately reduce their electricity bills.
Wildwood Pennsylvania Electricity Costs
Residents of Wildwood Pennsylvania pay about $0.16/kw for electricity, which is higher than both the national and state averages of $0.13/kw. By investing in solar panels, residents can generate their electricity, reducing their reliance on the grid and saving money in the long run. With abundant sunlight and relatively high electricity costs, installing solar panels in Wildwood is a financially smart decision that can lead to significant savings over time.
When could you expect to break even on a solar installation in Wildwood Pennsylvania?
Considering the weather and electricity costs in Wildwood Pennsylvania, 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:
- Wildwood Pennsylvania received slightly more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Wildwood Pennsylvania are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Wildwood Pennsylvania is higher than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Wildwood Pennsylvania 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 solar system generates electricity, reducing the amount needed from the grid.
- Given Wildwood Pennsylvania’s higher electricity rates, the savings from using solar power would be significant.
After computation, it appears that it would take roughly 7 years to recover the initial cost of the solar panels. This means that after 7 years, the money saved on electricity bills will start to surpass the investment. Additionally, since solar panels typically last for 25 to 30 years, you can continue enjoying those savings for many years afterward. Investing in solar panels is both a wise financial decision and an environmentally friendly choice.
Investing in solar power in Wildwood Pennsylvania
Installing solar panels in Wildwood Pennsylvania can be a beneficial investment for residents looking to save money on their electricity bills. With ample precipitation and sunlight, along with relatively high electricity costs, solar energy production in Wildwood is both efficient and cost-effective. By breaking down the costs and analyzing the potential savings, it is clear that investing in solar panels can lead to significant financial benefits in the long run. Not only can residents expect to break even on their investment in about 7 years, but they can also continue to enjoy savings for many years afterward. Making the switch to solar power is a financially savvy decision that can also have a positive impact on the environment.