Overview
Are you a Frankfort Kentucky resident looking to save money on your electricity bills? By installing solar panels on your home, you can take advantage of the sunny weather in Frankfort to generate your own clean and renewable energy. In this article, we will break down the cost of a solar system and estimate how long it will take for you to break even, based on weather data and electricity costs specific to Frankfort. With the financial benefits of solar energy, you can start saving money and reducing your carbon footprint today.
Frankfort Kentucky Weather Trends
Frankfort Precipitation
With Frankfort receiving 53.47 inches of precipitation in the last year, it is just slightly above the national average of 50.61 inches. However, compared to the rest of Kentucky, Frankfort falls below the state average of 54.69 inches. This means that Frankfort residents have a good balance when it comes to the amount of rainfall they receive, making it an ideal location for solar panel installation.
Frankfort’s UV Rating
Frankfort’s average UV rating of 4.22 places it close to the national average of 4.29. However, when compared to the state of Kentucky, Frankfort ranks lower in UV rating. This means that Frankfort residents have ample sunlight to harness for solar energy. Additionally, Frankfort’s average max UV rating of 4.59 is also promising, indicating even more potential for solar energy generation.
Frankfort’s Cloud Cover
Frankfort’s average cloud cover of 46% is slightly higher than both the national and state averages. However, the distribution of cloud cover throughout the year gives Frankfort residents a good mix of sunny and cloudy days. With a significant number of days falling in the lower cloud cover range, Frankfort residents can expect consistent solar energy production throughout the year.
Frankfort Kentucky Electricity Costs
At $0.1/kw for electricity, Frankfort residents pay less than the national average of $0.13/kw. When compared to the state average of $0.11/kw, Frankfort’s electricity costs are even more favorable. By switching to solar energy, residents can further reduce their electricity bills, taking advantage of the sunny weather in Frankfort to save money in the long run.
When could you expect to break even on a solar installation in Frankfort Kentucky?
Considering the weather and electricity costs in Frankfort 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:
- Frankfort Kentucky gets slightly more rainfall compared to the national average, but it still receives enough sunlight for solar panels to be effective.
- The UV ratings in Frankfort Kentucky are slightly lower than the national average, but they are still sufficient for generating solar power.
- Cloud cover in Frankfort Kentucky is around average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Frankfort Kentucky pay lower electricity costs compared to the national average, which is beneficial for using solar power.
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 buy as much from the grid.
- With Frankfort Kentucky’s lower electricity rates, the savings would be slightly lower compared to areas with higher electricity costs.
After analyzing the data, it appears that it would take around 8-9 years to cover the initial cost of the solar panels. This means that after 8-9 years, the savings on electricity bills would start to accumulate and pay off the investment. Furthermore, considering that solar panels last for 25-30 years, there will be significant long-term savings and benefits. Installing solar panels can be a wise financial decision in the long run, while also contributing to a cleaner and more sustainable environment.
Investing in solar power in Frankfort Kentucky
Installing solar panels in Frankfort, Kentucky can be a great way for residents to save money on their electricity bills over time. With favorable weather conditions and lower electricity costs compared to the national average, investing in solar energy can lead to significant savings in the long run. Based on the data provided, it is estimated that it would take around 8-9 years to break even on the initial cost of a solar system. Not only does this provide financial benefits, but it also contributes to a greener and more sustainable environment. By harnessing the power of the sun, Frankfort residents can take control of their energy consumption and reduce their carbon footprint while enjoying long-term savings.