Overview
In Franklin, Wisconsin, installing solar panels on your home can lead to significant financial benefits. By analyzing the weather data and electricity costs specific to Franklin, we can show you the potential savings you could see by switching to solar power. With the cost of a solar system broken down and an estimate of how long it will take to break even, you can see how investing in solar energy is a smart financial decision for your home.
Franklin Wisconsin Weather Trends
Franklin Precipitation
In the last year, Franklin, Wisconsin received 41.21 inches of precipitation, placing it in the 30th percentile nationally and the 63rd percentile within Wisconsin. Comparatively, the national average for total precipitation is 50.61 inches, while Wisconsin’s average is 40.57 inches. Despite not receiving as much precipitation as some areas, Franklin still sees a substantial amount of rainfall, making it an ideal location for harnessing solar energy.
Franklin’s UV Rating
Over the past year, Franklin, Wisconsin had an average UV rating of 3.56, ranking it in the 21st percentile nationwide and the 56th percentile statewide. In comparison, the national average for UV rating is 4.29, with Wisconsin’s average at 3.51. With a decent UV rating, Franklin receives a sufficient amount of sunlight, making it a viable location for solar panel installation.
Franklin’s Cloud Cover
Within the last year, Franklin, Wisconsin experienced an average cloud cover of 48%, positioning it in the 65th percentile nationally and the 29th percentile within the state. The national average for cloud cover stands at 44.46%, while Wisconsin’s average is slightly higher at 49.97%. With a mix of clear and cloudy days, Franklin offers a balanced climate that is conducive to solar energy production.
Franklin Wisconsin Electricity Costs
Franklin, Wisconsin residents pay approximately $0.16 per kilowatt-hour for electricity, placing them in the 94th percentile nationally and the 98th percentile within the state. In contrast, the national average for residential electricity costs is $0.13/kw, with Wisconsin’s average slightly higher at $0.14/kw. With higher electricity costs in Franklin, switching to solar power can lead to significant long-term savings on energy bills.
When could you expect to break even on a solar installation in Franklin Wisconsin?
Considering the weather and electricity costs in Franklin Wisconsin, 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 Wisconsin receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Franklin are also slightly below the national average, but still sufficient for generating solar power effectively.
- Cloud cover in Franklin is around the national average, with some fluctuation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Franklin Wisconsin pay slightly 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 amount needed from the grid.
- With higher electricity rates in Franklin Wisconsin, the savings are significant.
After analyzing the numbers, it appears that it would take approximately 10 years to offset the initial cost of the solar panels in Franklin Wisconsin. This means that after 10 years, the money saved on electricity bills will start to accumulate and pay off the investment. And remember, solar panels have a long lifespan, so beyond that initial period, you’ll continue to enjoy those savings for many years. It’s a wise choice for saving money and being environmentally friendly at the same time!
Investing in solar power in Franklin Wisconsin
Considering the weather trends and electricity costs specific to Franklin, Wisconsin, investing in solar panels for your home can result in significant financial benefits. With lower precipitation levels, a decent UV rating, and average cloud cover, Franklin provides an ideal environment for harnessing solar energy. Additionally, the higher electricity costs in Franklin compared to the national average make switching to solar power a wise long-term investment. By calculating the potential savings and payback period for a standard solar system, we determined that it would take approximately 10 years to break even on the initial cost. After this period, the accumulated savings on electricity bills will continue to benefit homeowners for many years to come. Investing in solar energy not only saves money but also contributes to a more environmentally friendly lifestyle. Make the smart choice for your home and consider switching to solar power in Franklin, Wisconsin!