Overview
Are you tired of high electricity bills draining your bank account? Installing solar panels on your home in Frakes Kentucky could be the solution you’ve been looking for. By analyzing weather data and electricity costs specific to the area, we’ll break down the financial benefits of investing in solar energy. Find out how much you could save and how long it would take to break even on your investment.
Frakes Kentucky Weather Trends
Frakes Precipitation
With 62.85 inches of precipitation in the last year, Frakes Kentucky is well above the national average of 50.61 inches. Compared to the rest of Kentucky, Frakes ranks higher in total precipitation, placing in the 90th percentile. Embracing solar panels can help offset high precipitation levels and utilize the extra water efficiently.
Frakes’s UV Rating
Frakes Kentucky had an average UV rating of 4.4 in the last year, which is higher than the national average of 4.29. When compared to the rest of Kentucky, Frakes falls in the 72nd percentile. The abundant sunlight makes Frakes an ideal location for harnessing solar energy to power your home and reduce your reliance on the grid.
Frakes’s Cloud Cover
With an average of 47% cloud cover, Frakes Kentucky enjoys more sunshine than the national average of 44.46%. Compared to other areas in Kentucky, Frakes ranks in the 56th percentile for cloud cover. This means that solar panels in Frakes can capture more sunlight throughout the year, maximizing your energy savings.
Frakes Kentucky Electricity Costs
Residents in Frakes Kentucky pay about $0.1/kw for electricity, which is lower than both the national average of $0.13/kw and the state average of $0.11/kw. By investing in solar panels, you can enjoy even greater cost savings on your monthly electricity bills, making it a financially sound decision in the long run.
When could you expect to break even on a solar installation in Frakes Kentucky?
Considering the weather and electricity costs in Frakes, Kentucky, 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:
- Frakes, Kentucky gets more rain than the national average, but still receives enough sunlight for solar panels to work effectively.
- The UV ratings in Frakes, Kentucky are slightly higher than the national average, making it a good location for generating solar power.
- Cloud cover in Frakes, Kentucky is slightly above the national average, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Frakes, Kentucky pay less for electricity compared to the national average, making solar power a cost-effective option.
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 as much from the grid.
- Due to lower electricity rates in Frakes, Kentucky, the savings from using solar power are slightly lower compared to the national average.
After crunching the numbers, it looks like it would take around 8 years to cover the initial cost of the solar panels in Frakes, Kentucky. This means that after 8 years, the money saved on electricity bills will start to add up and pay off the investment. Additionally, with solar panels lasting for 25 to 30 years, there will be many years of savings to enjoy after the initial payback period. Investing in solar panels is a smart financial choice that also benefits the environment in the long run.
Investing in solar power in Frakes Kentucky
Installing solar panels in Frakes, Kentucky can be a smart financial decision that not only helps you save money on your electricity bills but also benefits the environment. With higher than average sunlight and lower electricity costs in the area, investing in solar energy can help you break even on your initial investment in about 8 years. After that, you can enjoy years of savings and a reduced carbon footprint. Consider harnessing the power of the sun to lighten the load on your bank account and the planet.