Overview
Are you a Frankfort Indiana resident looking to save money on your electricity bills? Installing solar panels on your home could be a smart financial decision for you. In this article, we will explore the cost of a solar system in your area and estimate how long it will take for you to break even on your investment. By analyzing weather data and basic electricity costs over the course of a year, you’ll see how solar panels can help you save money in the long run.
Frankfort Indiana Weather Trends
Frankfort Precipitation
With 40.2 inches of precipitation in the last year, Frankfort Indiana ranks in the 28th percentile in the nation and the 7th percentile in Indiana. Compared to the national average of 50.61 inches, Frankfort experiences slightly less rainfall. By harnessing the power of the sun through solar panels, you can use this limited rainfall to your advantage and save on your electricity bills.
Frankfort’s UV Rating
Frankfort Indiana had an average UV rating of 3.93 in the last year, placing it in the 42nd percentile nationally and the 34th percentile within Indiana. Although the UV rating is lower than the national average of 4.29, it is still sufficient for solar energy production. With an average max UV rating of 4.21, Frankfort has ample sunlight to generate clean and renewable energy with solar panels.
Frankfort’s Cloud Cover
Frankfort Indiana had an average cloud cover of 48% in the last year, ranking it in the 66th percentile nationwide and the 61st percentile in Indiana. While cloud cover can affect solar panel efficiency, the number of clear days in Frankfort makes it a viable location for solar energy production. With 101 days of low cloud cover, you can maximize the benefits of solar panels throughout the year.
Frankfort Indiana Electricity Costs
Frankfort residents pay about $0.13/kw for electricity, positioning the city in the 69th percentile nationally and the 33rd percentile within Indiana. While Indiana’s electricity costs are already relatively low, investing in solar panels can lead to even greater savings on your monthly energy bills. With consistent sunlight and reasonable electricity rates, going solar in Frankfort is a financially wise decision.
When could you expect to break even on a solar installation in Frankfort Indiana?
Considering the weather and electricity costs in Frankfort, Indiana, 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:
- Frankfort receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings are also slightly lower than the national average but are still suitable for generating solar power.
- Cloud cover in Frankfort is about average compared to the rest of the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Frankfort pay the national average for electricity, which is $0.13/kw.
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 to purchase from the grid.
- With the average electricity rates in Frankfort, the savings can add up over time.
After analyzing the data, it seems like it would take around 5-7 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 contribute to the return on investment. Remember, solar panels have a long lifespan, so the savings will continue for many years after the initial investment is recouped. It’s a wise financial decision and helps the environment as well!
Investing in solar power in Frankfort Indiana
Based on the weather trends and electricity costs in Frankfort, Indiana, investing in solar panels can lead to significant savings on your electricity bills. With favorable amounts of sunlight and reasonable electricity rates, it is estimated that it would take around 5-7 years to break even on the initial cost of a solar system. After this period, the savings on your energy bills will continue to accumulate, making solar panels a wise financial decision that also benefits the environment in the long run.