Overview
This article will show you why installing solar panels on your home in Franklin, New Jersey can save you money in the long run. By analyzing weather data and basic electricity costs in the area, we will break down the cost of a solar system and estimate how long it will take for you to start seeing your investment pay off. With the financial benefits in mind, you’ll see why making the switch to solar energy is a smart decision for your wallet and the environment.
Franklin New Jersey Weather Trends
Franklin Precipitation
With Franklin receiving 72.41 inches of precipitation in the last year, it’s clear that the area sees a significant amount of rain. Compared to the rest of the country, Franklin falls in the 92nd percentile, indicating a higher than average amount of rain. In comparison, New Jersey’s average total precipitation of 65.31 inches is also above the national average of 50.61 inches.
Franklin’s UV Rating
Franklin’s average UV rating of 3.67 in the last year places it in the 28th percentile nationwide, indicating a moderate amount of sunlight exposure. However, when compared to New Jersey’s average UV rating of 4.04, Franklin’s percentile ranking drops to the 8th percentile. This suggests that while Franklin may not receive as much sunlight as other areas in New Jersey, it still experiences a decent amount of sun exposure.
Franklin’s Cloud Cover
With an average cloud cover of 48% in the last year, Franklin falls in the 68th percentile in the nation, showing a fair amount of cloudiness. Despite this, compared to New Jersey’s average cloud cover of 45.99%, Franklin still experiences more cloud cover. The distribution of cloud cover days in Franklin also varies, with a higher frequency of days having between 0% and 50% cloud cover.
Franklin New Jersey Electricity Costs
Residents of Franklin pay about $0.13/kw for electricity, placing them in the 71st percentile nationally and the 9th percentile within New Jersey. While the national average for residential electricity is the same at $0.13/kw, New Jersey’s average of $0.16/kw is higher. By installing solar panels in Franklin, residents can offset their electricity costs and take advantage of the area’s solar potential, offering long-term financial benefits.
When could you expect to break even on a solar installation in Franklin New Jersey?
Considering the weather and electricity costs in Franklin 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:
- Franklin New Jersey receives more rain than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Franklin New Jersey are slightly lower than the national average, but they’re still sufficient for generating solar power.
- Cloud cover in Franklin New Jersey is slightly higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Franklin New Jersey pay about the national average for electricity.
With this information, let’s break down the costs:
- A standard solar installation of a 10kW system 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 to be purchased from the grid.
- Given Franklin New Jersey’s average electricity costs, the savings from using solar power would be significant.
After analyzing the data, it appears that it would take approximately 4-6 years to cover the initial cost of the solar panels. This means that after this period, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels have a long lifespan, the savings will continue for many years beyond that initial payback period. Making the switch to solar power is a wise decision both environmentally and economically!
Investing in solar power in Franklin New Jersey
After analyzing the weather data and electricity costs in Franklin, New Jersey, it is clear that installing solar panels on your home can lead to significant long-term savings. Despite receiving more rain and having slightly lower UV ratings than the national average, Franklin still gets enough sunshine for solar panels to be effective. With electricity costs in Franklin being around the national average, the investment in solar panels is worthwhile. It is estimated that it would take approximately 4-6 years to cover the initial cost of the solar panels, after which the savings on electricity bills will start to accumulate. Switching to solar power is not only beneficial for your wallet but also for the environment. Consider making the switch today to enjoy these financial and environmental benefits!