Overview
Discover the financial benefits of installing solar panels on your home in Moriarty, New Mexico. By analyzing weather data and electricity costs specific to your area, we will show you how investing in a solar system can help you save money in the long run. Learn about the average precipitation, UV ratings, and cloud cover throughout the year, as well as the breakdown of costs for a solar system and how quickly you can expect to break even on your investment.
Moriarty New Mexico Weather Trends
Moriarty Precipitation
With Moriarty receiving 11.53 inches of precipitation in the last year, it is evident that the area experiences relatively low rainfall compared to both the national average of 50.61 inches and New Mexico’s average of 13.78 inches. Despite this, installing solar panels can still be beneficial as even in drier climates like Moriarty, solar systems can still generate significant electricity.
Moriarty’s UV Rating
Having an average UV rating of 4.48 in the last year, Moriarty is in a favorable position compared to the national and state averages. This means that there is ample sunlight for solar panels to harness energy efficiently throughout the year, making it a wise investment that can lead to substantial savings on electricity bills over time.
Moriarty’s Cloud Cover
With an average of 22% cloud cover, Moriarty experiences relatively clear skies, which is crucial for optimal solar panel performance. Having a high number of days with low cloud cover further enhances the efficiency of solar energy production in the area, making it a prime location for installing solar panels.
Moriarty New Mexico Electricity Costs
Residents of Moriarty pay about $0.16/kw for electricity, which is higher than both the national average of $0.13/kw and New Mexico’s average of $0.15/kw. By switching to solar energy, homeowners can significantly reduce their electricity costs and take advantage of the abundant sunlight in the region to generate clean, renewable energy for their homes.
When could you expect to break even on a solar installation in Moriarty New Mexico?
Considering the weather and electricity costs in Moriarty, 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:
- Moriarty receives less precipitation than the national average, which is good for solar panels.
- The UV ratings in Moriarty are slightly above the national average, meaning there is ample sunlight for solar power generation.
- Cloud cover in Moriarty is lower than the national average, with a majority of days having less than 25% cloud cover.
Now, let’s consider the electricity costs:
- Residents in Moriarty 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, which means we don’t need to buy as much from the grid.
- With Moriarty’s higher electricity rates, the savings are significant.
After analyzing the data, it appears that it would take approximately 4 years to cover the initial cost of the solar panels in Moriarty, New Mexico. This means that after 4 years, the money saved on electricity bills will start to pay off the investment. Since solar panels have a lifespan of 25 to 30 years, you will continue to benefit from these savings for many years. Investing in solar panels is not only a smart financial decision but also a sustainable choice for the environment.
Investing in solar power in Moriarty New Mexico
Installing solar panels in Moriarty, New Mexico can be a beneficial investment for homeowners looking to save money on electricity bills and contribute to a sustainable future. By taking advantage of the abundant sunlight and favorable weather conditions in the area, residents can expect to break even on their initial investment in approximately 4 years. The long lifespan of solar panels ensures that the savings continue for decades to come, making it a wise financial and environmental decision for the community.