Overview
Are you a Roy New Mexico resident looking to save money on your electricity bill? Installing solar panels on your home could be the solution you’ve been looking for. By analyzing weather data specific to Roy New Mexico, along with basic electricity costs, we can estimate the financial benefits of investing in a solar system. With data on precipitation, UV ratings, cloud cover, and the cost of electricity in the region, we can determine how long it will take for you to break even on your investment. Find out how much you could save with solar power in Roy New Mexico!
Roy New Mexico Weather Trends
Roy Precipitation
With 21.9 inches of precipitation in the last year, Roy New Mexico is in the 7th percentile in the nation and the 89th percentile in New Mexico. Comparatively, the national average for total precipitation is 50.61 inches, while New Mexico’s average is 13.78 inches. This means that Roy receives less precipitation than most of the country, making it an ideal location for solar panel installation.
Roy’s UV Rating
At an average UV rating of 4.22, Roy New Mexico ranks in the 54th percentile in the nation and the 25th percentile in New Mexico. In comparison, the national average for UV rating is 4.29, with New Mexico’s average at 4.67. With an average max UV rating of 4.65, Roy is in a good position to harness solar energy efficiently, as it receives ample sunlight throughout the year.
Roy’s Cloud Cover
With an average cloud cover of 24% in the last year, Roy New Mexico is in the 3rd percentile nationally and the 76th percentile in New Mexico. This means that Roy experiences relatively clear skies, with 218 days of little to no cloud cover. In comparison, the national average for cloud cover is 44.46%, while New Mexico’s average is 22.75%. Clear skies make Roy an excellent location for solar panel installation, allowing for maximum sunlight exposure.
Roy New Mexico Electricity Costs
Residents of Roy New Mexico pay about $0.19/kw for electricity, ranking them in the 97th percentile in the nation and the 93rd percentile in New Mexico. In contrast, the national average for residential electricity is $0.13/kw, with New Mexico’s average at $0.15/kw. With relatively high electricity costs in Roy, investing in solar panels can lead to significant long-term savings on energy bills.
When could you expect to break even on a solar installation in Roy New Mexico?
Considering the weather and electricity costs in Roy, 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:
- Roy, New Mexico receives less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Roy, New Mexico are very close to the national average, indicating good solar power generation potential.
- Cloud cover in Roy, New Mexico is lower than the national average, with a good number of sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Roy, New Mexico pay 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 Roy, New Mexico’s higher electricity rates, the savings are even greater.
After crunching the numbers, it looks like it would take around 5 years to cover the initial cost of the solar panels. That means, after 5 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 Roy New Mexico
Investing in solar panels in Roy, New Mexico can be a financially smart decision. With lower precipitation, ample sunlight, and clear skies, Roy is an ideal location for harnessing solar energy. Additionally, residents in Roy pay higher electricity costs compared to the national average, making solar panels a cost-effective solution in the long run. By calculating the potential savings and break-even point, it’s clear that investing in solar power is a wise choice for Roy residents looking to save money on their electricity bills. Take advantage of the sunny weather and high electricity costs in Roy New Mexico to start saving with solar panels!