Overview
This article will show you how installing solar panels on your home in Franklin, Massachusetts can provide significant financial benefits. By analyzing weather data and electricity costs specific to the area, we will demonstrate how much money you can save over time. With a breakdown of the cost of a solar system and an estimation of the time it will take to break even, you will see why going solar is a smart investment for your wallet.
Franklin Massachusetts Weather Trends
Franklin Precipitation
With 61.87 inches of precipitation in the last year, Franklin, Massachusetts may seem rainy, but compared to the rest of the country, it is actually in the 74th percentile. In Massachusetts, it falls in the 11th percentile. Despite this, both the national and state averages are higher than Franklin’s, making it a good location for solar power generation.
Franklin’s UV Rating
Franklin’s average UV rating of 3.69 places it in the 29th percentile nationally and the 80th percentile within Massachusetts. While the numbers might not seem high, they are comparable to the state average. With an average max UV rating of 3.93, Franklin remains in a similar range, making it a suitable location for harnessing solar energy efficiently.
Franklin’s Cloud Cover
Franklin experiences an average of 50% cloud cover, placing it higher than the national average but similar to the state average. The distribution of cloud cover days allows for a good mix of sunny and partially cloudy days, ideal for maximizing solar power production throughout the year.
Franklin Massachusetts Electricity Costs
At $0.23/kw, Franklin residents pay more for electricity compared to the national average of $0.13/kw. However, in the state of Massachusetts, the average residential electricity cost is $0.22/kw, slightly lower than Franklin’s rate. By installing solar panels, Franklin homeowners can significantly reduce their electricity bills and recoup their investment over time.
When could you expect to break even on a solar installation in Franklin Massachusetts?
Considering the weather and electricity costs in Franklin, Massachusetts, 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 gets more rain than the national average, but still has enough sun for solar panels to be effective.
- The UV ratings are slightly lower than the national average, but are still good for generating solar power.
- Cloud cover is about average for the country, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Franklin pay more 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 need to purchase from the grid.
- With Franklin’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 5 years to cover the initial cost of the solar panels. This means that after 5 years, the money saved from electricity bills will start to accumulate and pay off the investment. Since solar panels last for a long time, you will continue to enjoy these savings for many years to come. It’s a smart way to save money and contribute to helping the environment!
Investing in solar power in Franklin Massachusetts
Installing solar panels in Franklin, Massachusetts is a wise financial decision that can lead to significant savings over time. By analyzing the weather data specific to the area and comparing it to the electricity costs, it is clear that solar power is a viable and efficient source of energy in Franklin. With an average break-even time of around 5 years, the initial investment in solar panels can be recouped and the savings from reduced electricity bills can accumulate for many more years to come. Making the switch to solar power is not only beneficial for your wallet, but also for the environment. It’s a win-win situation that can lead to long-term financial security and a reduced carbon footprint.