Overview
Are you tired of high electricity bills eating away at your budget every month? If you live in Franklin, North Carolina, installing solar panels on your home could be the key to saving money in the long run. By analyzing weather data specific to Franklin, we can estimate the financial benefits of investing in solar energy. With information on average precipitation, UV ratings, and cloud cover, we can demonstrate how a solar system can reduce your reliance on traditional grid power and ultimately pay for itself over time. Keep reading to discover how going solar can put money back in your pocket.
Franklin North Carolina Weather Trends
Franklin Precipitation
With Franklin receiving 74.93 inches of precipitation in the last year, it’s important to note that this puts them well above the national average of 50.61 inches. Compared to the rest of North Carolina, Franklin also ranks higher in terms of total precipitation. By harnessing this abundant rainfall through solar panels, residents can take advantage of a free source of energy that’s readily available.
Franklin’s UV Rating
Despite having a slightly lower average UV rating compared to the national and state averages, Franklin’s sunlight exposure is still sufficient for solar panel efficiency. With an average UV rating of 3.94, residents can capitalize on this renewable energy source to power their homes. Investing in solar panels can help reduce utility bills and decrease dependence on non-renewable resources.
Franklin’s Cloud Cover
While Franklin experiences cloud cover on 47% of days in a year, this weather condition is common across the nation and the state. By strategically placing solar panels on roofs or in open areas, residents can optimize energy production even on partly cloudy days. With 92 days of minimal cloud cover, capturing solar energy remains a viable option for Franklin homeowners.
Franklin North Carolina Electricity Costs
With Franklin residents paying about $0.13/kw for electricity, it’s clear that investing in solar panels can lead to substantial long-term savings. Although the cost per kilowatt-hour is on par with the national average, transitioning to solar energy can protect against future utility rate increases. By generating their own electricity, homeowners in Franklin can take control of their energy usage and expenses.
When could you expect to break even on a solar installation in Franklin North Carolina?
Considering the weather and electricity costs in Franklin, North Carolina, 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 receives more precipitation than the national average, but still has enough sunlight for solar panels to work effectively.
- The UV ratings in Franklin are slightly lower than the national average, but they are still good for generating solar power.
- Cloud cover in Franklin is around average for the country, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Franklin pay the same amount 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’s average electricity rates, the savings are consistent with the national average.
After crunching the numbers, it looks like it would take around 8 years to cover the initial cost of the solar panels. That means, after 8 years, the money you save on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a smart way to save money and help the environment at the same time!
Investing in solar power in Franklin North Carolina
In conclusion, investing in solar panels in Franklin, North Carolina can be a smart financial decision. By taking advantage of the abundant rainfall and sufficient sunlight exposure, residents can reduce their electricity bills and ultimately recoup the initial cost of installation within around 8 years. Transitioning to solar energy not only saves money in the long run but also helps decrease reliance on non-renewable resources. With the potential for substantial long-term savings, going solar is a wise choice for Franklin homeowners looking to take control of their energy expenses.