Overview
In Franklin Vermont, installing solar panels on your home can save you money in the long run. By analyzing data on weather patterns and electricity costs specific to Franklin, we can estimate how much you could save on your electricity bill by switching to solar power. With financial benefits in mind, we will break down the cost of a solar system and calculate how long it will take for you to break even on your investment, making the switch to solar a smart financial decision for Franklin residents.
Franklin Vermont Weather Trends
Franklin Precipitation
With Franklin Vermont receiving 72.79 inches of precipitation last year, it is evident that the area experiences quite a bit of rainfall. In comparison to the national average of 50.61 inches and Vermont’s average of 68.03 inches, Franklin’s higher precipitation levels could contribute to the effectiveness of solar panels. By utilizing the abundance of rainfall to generate solar power, Franklin residents have the opportunity to take advantage of their unique weather conditions.
Franklin’s UV Rating
Having an average UV rating of 3.04, Franklin Vermont may seem to receive less sunlight than other parts of the nation and the state. However, with solar power systems becoming more efficient, harnessing even lower levels of sunlight can still generate significant electricity. With advancements in solar technology, Franklin residents can benefit from their moderate UV rating and potentially see savings on their energy bills.
Franklin’s Cloud Cover
With an average cloud cover of 64%, Franklin Vermont experiences a substantial amount of cloudiness throughout the year. Despite this high cloud cover compared to the national average of 44.46% and Vermont’s average of 61.06%, solar panels can still produce electricity on cloudy days. By installing solar panels, Franklin residents can generate their electricity, reducing their reliance on the grid even during overcast conditions.
Franklin Vermont Electricity Costs
At $0.2/kw, Franklin Vermont residents pay slightly higher than the national average for electricity. However, considering the potential savings from generating solar power, the investment in solar panels can lead to significant cost reductions over time. With the opportunity to produce clean energy and lower electricity costs, switching to solar power could be a wise financial decision for Franklin residents.
When could you expect to break even on a solar installation in Franklin Vermont?
Considering the weather and electricity costs in Franklin Vermont, 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:
- Franklin Vermont receives more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Franklin Vermont are slightly lower than the national average, but they are still sufficient for generating solar power.
- Cloud cover in Franklin Vermont is higher than the national average, with a significant number of days having between 75% and 100% cloud cover.
Now, let’s consider the electricity costs:
- Residents in Franklin Vermont 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 amount needed from the grid.
- Due to higher electricity rates in Franklin Vermont, the savings from solar power are even more significant.
Based on the calculations, it is estimated that it would take around 8 years to cover the initial cost of the solar panels in Franklin Vermont. This means that after 8 years, the money saved on electricity bills will begin to outweigh the initial investment. Additionally, considering the longevity of solar panels, the savings will continue for many years beyond that initial period. Investing in solar panels proves to be a smart financial decision while also contributing to a cleaner environment.
Investing in solar power in Franklin Vermont
Investing in solar panels in Franklin Vermont can be a smart financial decision. By analyzing the weather trends and electricity costs specific to the area, we can see that despite higher precipitation levels, lower UV ratings, and increased cloud cover, solar panels can still be effective in generating electricity. With residents paying slightly more for electricity compared to the national average, the investment in solar panels can lead to significant cost savings over time. It is estimated that it would take around 8 years to break even on the initial cost of a solar system in Franklin Vermont, resulting in long-term financial benefits. Making the switch to solar power not only saves money but also contributes to a cleaner environment, making it a wise choice for Franklin residents.