Overview
Discover the financial benefits of switching to solar energy in Frankton, Indiana. By analyzing weather data and electricity costs specific to the area, we will show you how installing solar panels on your home can lead to significant savings over time. Learn how much you can save and how long it will take to break even on the cost of a solar system, making the switch to solar energy a smart investment for your home.
Frankton Indiana Weather Trends
Frankton Precipitation
With Frankton receiving 54.13 inches of precipitation in the last year, you may be wondering how this compares to the rest of the country and Indiana. Frankton falls in the 57th percentile nationally and the 83rd percentile within Indiana. Considering the national average of 50.61 inches and Indiana’s average of 50.24 inches, Frankton experiences a fair amount of precipitation that can be harnessed for solar energy.
Frankton’s UV Rating
Frankton’s average UV rating of 4.05 places it in the 48th percentile nationally and the 51st percentile in Indiana. The national average is slightly higher at 4.29, as is Indiana’s average at 4.23. Additionally, Frankton’s average max UV rating of 4.32 places it in the 40th percentile nationally and the 42nd percentile in Indiana. This means that there is ample sunlight in Frankton for solar panels to effectively generate electricity.
Frankton’s Cloud Cover
Frankton experiences an average of 49% cloud cover, ranking in the 71st percentile nationally and the 79th percentile in Indiana. Comparatively, the national average for cloud cover is 44.46%, while Indiana’s average is 47.27%. With a good balance of sunny and cloudy days, Frankton provides suitable conditions for solar panel efficiency throughout the year.
Frankton Indiana Electricity Costs
Residents in Frankton pay around $0.13/kw for electricity, placing them in the 73rd percentile nationally and the 44th percentile within Indiana. This rate aligns with the national average for residential electricity. Considering the financial benefits of solar energy, switching to solar panels can lead to long-term savings on energy costs for your home.
When could you expect to break even on a solar installation in Frankton Indiana?
Considering the weather and electricity costs in Frankton Indiana, 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:
- Frankton Indiana gets a bit more rain than the national average, but it’s still sunny enough for solar panels to work effectively.
- The UV ratings are slightly lower than the national average, but they’re 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 Frankton Indiana 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 Frankton Indiana’s average electricity rates, the savings are reasonable.
After crunching the numbers, it looks like it would take around 6 to 7 years to cover the initial cost of the solar panels. That means, after 6 to 7 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 Frankton Indiana
Switching to solar energy in Frankton, Indiana can result in significant financial savings over time. By analyzing the weather data specific to the area, including precipitation, UV ratings, and cloud cover, along with the electricity costs, it is evident that investing in solar panels is a smart decision for homeowners. With the potential to break even on the cost of a solar system within 6 to 7 years, the long-term benefits of solar energy make it a valuable investment for your home, providing both financial savings and environmental benefits for years to come.