Overview
If you live in Cordova, New Mexico, installing solar panels on your home could save you a significant amount of money in the long run. By analyzing weather data for the area, we have determined that the conditions are ideal for solar energy production throughout the year. With basic electricity costs on the rise, investing in a solar system can help you offset these expenses and ultimately break even in a reasonable amount of time. Let’s explore the financial benefits of going solar in Cordova.
Cordova New Mexico Weather Trends
Cordova Precipitation
With Cordova receiving only 13.22 inches of precipitation in the last year, it is clear that the area sees very little rain compared to the national average of 50.61 inches and the New Mexico average of 13.78 inches. This means that residents can rely more on solar energy production rather than traditional grid electricity, saving money and reducing their environmental impact.
Cordova’s UV Rating
Cordova’s average UV rating of 4.13 in the last year positions it in the 51st percentile in the nation and the 19th percentile in New Mexico. While this may not be the highest rating, it is still more than enough to generate significant solar power. The higher the UV rating, the more efficiently solar panels can convert sunlight into electricity, making Cordova a promising location for solar energy.
Cordova’s Cloud Cover
With an average cloud cover of 24% in the last year, Cordova enjoys mostly clear skies, placing it in the 4th percentile in the nation and the 79th percentile in New Mexico. This means that solar panels in Cordova will receive plenty of direct sunlight for most days of the year, maximizing energy production and potential savings for residents.
Cordova New Mexico Electricity Costs
Residents of Cordova pay about $0.14/kw for electricity, which is higher than the national average of $0.13/kw but lower than the New Mexico average of $0.15/kw. By installing solar panels, residents can offset these costs and reduce their reliance on traditional electricity sources, ultimately saving money in the long run and contributing to a more sustainable future.
When could you expect to break even on a solar installation in Cordova New Mexico?
Considering the weather and electricity costs in Cordova, 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:
- Cordova receives less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Cordova are slightly lower than the national average, but still suitable for generating solar power effectively.
- Cloud cover in Cordova is lower than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Cordova pay a bit 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.
- Considering Cordova’s higher electricity rates, the potential savings are significant.
After analyzing the data, it appears that it would take approximately 4-6 years to cover the initial cost of the solar panels. This means that after this period, the savings on electricity bills will start to accumulate and offset the investment. Since solar panels have a long lifespan, these savings will continue for years to come. Installing solar panels is a wise choice to save money and contribute to environmental conservation!
Investing in solar power in Cordova New Mexico
Installing solar panels in Cordova, New Mexico can be a smart financial investment for residents. With ideal weather conditions for solar energy production and slightly higher-than-average electricity costs, the savings from using solar power can offset the initial investment in a relatively short period. Residents can expect to break even on their investment in solar panels within 4-6 years, after which they will continue to save money on electricity bills for many years to come. By going solar, residents can not only save money but also contribute to a more sustainable future for Cordova.