Overview
Are you a Franklin, Arkansas resident looking to save money on your electricity bill? Installing solar panels on your home could be the solution you’ve been searching for. In this article, we will break down the financial benefits of going solar in Franklin, using weather data and electricity costs specific to the area. By the end, you’ll have a clear understanding of how much you can save and how long it will take to recoup your investment.
Franklin Arkansas Weather Trends
Franklin Precipitation
With Franklin receiving 42.9 inches of precipitation last year, the area falls below both the national and state averages. This lower amount of rainfall could mean less interference with solar panel efficiency compared to areas with more precipitation, making it a great location for solar energy. Additionally, Franklin’s percentile ranking suggests a drier climate, which is ideal for maximizing the benefits of solar power.
Franklin’s UV Rating
Franklin’s high average UV rating of 6.84 indicates abundant sunshine throughout the year. This places Franklin at the top of both the national and state rankings, highlighting the area’s exceptional solar potential. With plenty of sunlight available, installing solar panels in Franklin can lead to increased energy production and greater savings on electricity bills compared to locations with lower UV ratings.
Franklin’s Cloud Cover
Franklin’s average of 34% cloud cover last year positions the area below the national and state averages. This lower cloud cover percentage means more clear skies and sunlight for solar panels to harness energy efficiently. With a minimal amount of cloud cover, Franklin offers optimal conditions for solar energy production, ensuring that residents can benefit from consistent electricity savings year-round.
Franklin Arkansas Electricity Costs
Franklin residents pay about $0.11/kw for electricity, which is below the national average and on par with Arkansas’s average. This lower electricity cost combined with favorable weather conditions makes investing in solar panels a financially wise decision for Franklin homeowners. By switching to solar energy, residents can not only reduce their reliance on traditional electricity sources but also lock in savings over time as energy costs continue to rise.
When could you expect to break even on a solar installation in Franklin Arkansas?
Considering the weather and electricity costs in Franklin, Arkansas, 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, Arkansas receives slightly less precipitation than the national average, making it an ideal location for solar panels.
- The UV ratings in Franklin, Arkansas are higher than the national average, which is great for generating solar power efficiently.
- Cloud cover in Franklin, Arkansas is lower than the national average, with a significant number of days having minimal cloud cover.
Now, let’s consider the electricity costs:
- Residents in Franklin, Arkansas pay slightly less 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 bought from the grid and saving money.
- With Franklin, Arkansas having lower electricity rates, the savings are significant.
After running the numbers, it looks like it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will start to offset the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years to come. Investing in solar power is a smart way to save money and contribute to a cleaner environment!
Investing in solar power in Franklin Arkansas
Installing solar panels in Franklin, Arkansas is a smart financial decision for residents looking to save money on electricity bills. With the area’s favorable weather conditions, including ample sunshine and minimal cloud cover, coupled with lower electricity costs compared to the national average, investing in solar energy can lead to significant long-term savings. Based on the data presented, it is estimated that homeowners in Franklin could break even on the initial investment in solar panels in approximately 6 years. Not only will residents benefit from reduced reliance on traditional electricity sources, but they will also be contributing to a cleaner environment for years to come. By harnessing the power of the sun, Franklin residents can enjoy both financial and environmental rewards by going solar.