Overview
In Crownpoint, New Mexico, installing solar panels on your home can lead to significant financial savings on your electricity bill over time. By analyzing a year’s worth of weather data, we can see that this region receives ample sunlight to generate enough energy for your household. With the cost of electricity on the rise, investing in solar power can help you break even on your initial investment sooner than you may think. Let’s explore the benefits of going solar in Crownpoint and how it can positively impact your finances.
Crownpoint New Mexico Weather Trends
Crownpoint Precipitation
With Crownpoint, New Mexico, receiving only 9.24 inches of precipitation in the last year, it ranks in the 1st percentile in the nation and the 33rd percentile in New Mexico. This means that Crownpoint enjoys a drier climate compared to the national average of 50.61 inches and New Mexico’s average of 13.78 inches. The consistent lack of rainfall in Crownpoint makes it an ideal location for solar panel installation.
Crownpoint’s UV Rating
Having an average UV rating of 4.22 in the last year, Crownpoint falls in the 55th percentile in the nation and the 29th percentile in New Mexico. Although slightly lower than the national average of 4.29, Crownpoint’s UV rating is comparable to New Mexico’s average of 4.67. The high UV rating indicates that Crownpoint receives ample sunlight, making it a great candidate for harnessing solar energy.
Crownpoint’s Cloud Cover
With an average cloud cover of 23% in the last year, Crownpoint is in the 3rd percentile in the nation and the 73rd percentile in New Mexico. Crownpoint experiences significantly less cloud cover compared to the national average of 44.46% and New Mexico’s average of 22.75%. This minimal cloud cover ensures that solar panels in Crownpoint can consistently generate electricity without interruptions from shading.
Crownpoint New Mexico Electricity Costs
Residents of Crownpoint pay about $0.14/kw for electricity, which places them in the 83rd percentile in the nation and the 47th percentile in New Mexico. While slightly higher than the national average of $0.13/kw, Crownpoint’s electricity costs are relatively reasonable compared to New Mexico’s average of $0.15/kw. By generating your electricity with solar panels, you can offset these costs and potentially even save money in the long run.
When could you expect to break even on a solar installation in Crownpoint New Mexico?
Considering the weather and electricity costs in Crownpoint, 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:
- Crownpoint gets significantly less rainfall than the national average, making it ideal for solar panel efficiency.
- The UV ratings in Crownpoint are very close to the national average, indicating good conditions for generating solar power.
- Cloud cover in Crownpoint is lower than the national average, with many clear days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Crownpoint 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 bought from the grid.
- With Crownpoint’s electricity rates, the savings are considerable.
After analyzing the data, it appears that it would take around 4-6 years to cover the initial cost of the solar panels. This means, after this period, 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 more years. It’s a wise investment for saving money and contributing to a greener environment!
Investing in solar power in Crownpoint New Mexico
Installing solar panels in Crownpoint, New Mexico is a smart financial decision that can lead to significant savings on your electricity bill. With the ample sunlight, low precipitation, high UV rating, and minimal cloud cover in the region, solar panels can efficiently generate electricity for your household. By offsetting the relatively higher electricity costs in Crownpoint, you can expect to break even on your initial investment in solar panels within 4-6 years. This means that not only will you start saving money on your electricity bills, but you will also contribute to a greener environment for many years to come. Investing in solar power in Crownpoint is a win-win situation for your finances and the planet!