Overview
Are you a Grants, New Mexico resident looking to save money on your electricity bill? Installing solar panels on your home could be a smart financial move, especially with the sunny weather in the area. By analyzing data on weather patterns and electricity costs, we can show you how much money you could potentially save by switching to solar power. With a breakdown of the cost of a solar system and an estimate of how long it will take to break even, you’ll see just how beneficial solar energy can be for your wallet.
Grants New Mexico Weather Trends
Grants Precipitation
In the last year, Grants New Mexico received 11.89 inches of precipitation, placing it in the 2nd percentile nationally and the 47th percentile in New Mexico. Compared to the national average of 50.61 inches, Grants receives significantly less rain. However, it does receive more precipitation than the average for New Mexico, which is 13.78 inches.
Grants’s UV Rating
With an average UV rating of 4.22, Grants falls in the 55th percentile nationally and the 29th percentile within New Mexico. While this may seem moderate, it is slightly lower than both the national average of 4.29 and the state average of 4.67. Grants also experiences an average max UV rating of 4.65, putting it in the middle of national and state averages.
Grants’s Cloud Cover
Grants New Mexico had an average of 22% cloud cover in the last year, ranking it in the 2nd percentile nationally and the 42nd percentile in the state. This means that most days in Grants are sunny, making it an ideal location for harnessing solar energy. Compared to the national average of 44.46% and the state average of 22.75%, Grants has significantly less cloud cover, providing ample sunlight for solar panels to generate electricity.
Grants New Mexico Electricity Costs
Residents in Grants pay approximately $0.14/kw for electricity, which places them in the 83rd percentile nationally and the 47th percentile within New Mexico. While this is slightly higher than the national average of $0.13/kw, it is still lower than the state average of $0.15/kw. By switching to solar power, Grants residents can potentially save money in the long run and reduce their reliance on traditional electricity sources.
When could you expect to break even on a solar installation in Grants New Mexico?
Considering the weather and electricity costs in Grants, New Mexico, 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:
- Grants, New Mexico receives less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Grants, New Mexico are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Grants, New Mexico is lower than the national average, with many days having clear skies ideal for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Grants, New Mexico 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 need to purchase as much from the grid.
- Given Grants, New Mexico’s electricity rates, the savings from using solar power will be substantial.
After analyzing the data, it appears that it would take around 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels have a long lifespan, you will continue to benefit from these savings for many years afterwards. Investing in solar power is a wise financial decision that also contributes to a cleaner environment.
Investing in solar power in Grants New Mexico
Switching to solar power in Grants, New Mexico can be a beneficial investment for residents looking to save money on their electricity bills. With the region’s sunny weather and lower-than-average cloud cover, solar panels can generate ample electricity to offset costs. By analyzing the data on weather patterns and electricity costs, we determined that it would take around 6 years to break even on a standard solar system. This means that residents can start accumulating savings after this initial period and continue to benefit financially for the system’s lifespan. Not only is investing in solar energy a smart financial move, but it also contributes to a cleaner environment for future generations.