Overview
Thinking about installing solar panels on your home in Franklin, Kentucky? With the abundance of sunshine and relatively low precipitation throughout the year, now is a great time to consider making the switch to solar energy. By analyzing the weather data and electricity costs specific to Franklin, we can demonstrate how investing in a solar system can result in significant financial savings over time. We will break down the cost of a solar system and estimate the time it will take for you to break even, making a compelling case for why solar panels are a smart investment for your home.
Franklin Kentucky Weather Trends
Franklin Precipitation
With Franklin, Kentucky receiving 53.2 inches of precipitation last year, it falls slightly above the national average of 50.61 inches. Compared to the rest of Kentucky, Franklin is only slightly below the state average of 54.69 inches. This means that Franklin has great potential for sustainable solar energy production, as the abundant sunshine can offset the higher precipitation levels typical of the area.
Franklin’s UV Rating
Franklin, Kentucky maintains an average UV rating of 4.41, placing it above both the national average of 4.29 and the state average of 4.37. Additionally, with an average max UV rating of 4.86, Franklin surpasses both the national average of 4.61 and the state average of 4.76. These higher UV ratings indicate that Franklin residents can harness more solar energy throughout the year, making solar panels a wise investment for their homes.
Franklin’s Cloud Cover
Despite having an average cloud cover of 44% in the last year, Franklin, Kentucky is still in a favorable position for solar energy production. Compared to the national average of 44.46% and the state average of 45.75%, Franklin experiences fewer cloudy days on average. Additionally, with a distribution of cloud cover days, Franklin residents can expect a good balance of sunshine throughout the year, ensuring consistent solar energy generation.
Franklin Kentucky Electricity Costs
Residents of Franklin, Kentucky pay $0.11/kw for electricity, which is lower than the national average of $0.13/kw. While Franklin ranks higher in electricity costs compared to the rest of Kentucky, the overall rate remains competitive. By investing in solar panels, Franklin residents can take advantage of the cost savings that come with generating their own electricity, ultimately reducing their reliance on the grid and saving money in the long run.
When could you expect to break even on a solar installation in Franklin Kentucky?
Considering the weather and electricity costs in Franklin, 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:
- Franklin, Kentucky gets slightly more precipitation than the national average, but it still has enough sun for solar panels to work effectively.
- The UV ratings in Franklin, Kentucky are slightly above the national average, which is great for generating solar power.
- Cloud cover in Franklin, Kentucky is close to the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Franklin, Kentucky 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, which means we don’t need to buy as much from the grid.
- With Franklin, Kentucky’s lower electricity rates, the savings are slightly lower compared to other areas.
After crunching the numbers, it looks like it would take around 6 years to cover the initial cost of the solar panels for the residents of Franklin, Kentucky. After that, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels last for a long time, the savings will continue for many years beyond the initial payoff period. Installing solar panels is a wise financial decision that also contributes to a cleaner environment.
Investing in solar power in Franklin Kentucky
With abundant sunshine, lower precipitation, and competitive electricity costs, installing solar panels in Franklin, Kentucky is a smart financial decision. By analyzing the weather trends and electricity costs specific to the area, we have shown that investing in solar energy can lead to significant long-term savings. With an estimated break-even period of around 6 years, the benefits of solar panels far outweigh the initial investment. Not only will Franklin residents save money on their electricity bills, but they will also contribute to a cleaner, sustainable environment. Make the switch to solar energy today and start reaping the benefits for years to come.