Overview
Are you a Gila New Mexico resident looking to save money on your electricity bills? Installing solar panels on your home could be a cost-effective solution for you. By analyzing 365 days of weather data specific to Gila New Mexico, we can show you how much sunlight your area receives and how much you could potentially save on electricity costs. With a breakdown of the cost of a solar system and an estimate of how long it will take to break even, you can see the financial benefits of making the switch to solar energy.
Gila New Mexico Weather Trends
Gila Precipitation
With 63.2 inches of precipitation in the last year, Gila New Mexico is well above the national average of 50.61 inches. Compared to the rest of New Mexico, Gila is significantly higher as the state average is only 13.78 inches. By harnessing the abundant rainfall, you can ensure your solar panels stay clean and operate efficiently, maximizing your energy production and savings.
Gila’s UV Rating
With an average UV rating of 7.83, Gila New Mexico enjoys abundant sunlight throughout the year. This puts Gila at the top percentile in both the nation and New Mexico. Compared to the national average of 4.29, and the state average of 4.67, Gila residents have an ideal environment for solar energy production. By investing in solar panels, you can take advantage of this plentiful resource to power your home efficiently and sustainably.
Gila’s Cloud Cover
With an average of 42% cloud cover in a year, Gila New Mexico experiences clear skies for a large portion of the time. This puts Gila at a slightly lower percentile in the nation, but far above the New Mexico average of 22.75%. By choosing solar panels for your home, you can benefit from the consistent sunlight in Gila, ensuring a steady stream of energy production and savings on your electricity bills.
Gila New Mexico Electricity Costs
At $0.14/kw, Gila New Mexico residents have slightly higher electricity costs compared to the national average of $0.13/kw. However, when compared to the state average of $0.15/kw, Gila residents are actually paying less. By switching to solar energy, you can significantly reduce your electricity bills and protect yourself from any future increases in utility rates, ultimately saving money in the long run.
When could you expect to break even on a solar installation in Gila New Mexico?
Considering the weather and electricity costs in Gila 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:
- Gila New Mexico gets more precipitation than the national average, but there is still plenty of sunlight for solar panels to be effective.
- The UV ratings in Gila New Mexico are higher than the national average, which is great for generating solar power.
- Cloud cover in Gila New Mexico is slightly lower than the national average, with varying degrees throughout the year.
Now, let’s consider the electricity costs:
- Residents in Gila 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, which means less electricity needs to be purchased from the grid.
- With slightly higher electricity rates in Gila New Mexico, the savings will be higher as well.
After analyzing the data, it looks like it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the money saved on electricity bills will start to accumulate and pay off the investment. And with solar panels lasting for 25-30 years, there will be many years of savings ahead. Investing in solar panels is not only a smart financial decision but also a way to contribute to a cleaner environment.
Investing in solar power in Gila New Mexico
By analyzing the weather trends and electricity costs in Gila New Mexico, it is evident that investing in solar panels can lead to significant long-term savings for residents. With abundant sunlight, higher UV ratings, and slightly higher electricity costs, the payback period for solar panel installation is estimated to be around 5-6 years. This means that after this initial period, the savings on electricity bills will start accumulating and ultimately pay off the investment. Not only is switching to solar energy a smart financial decision, but it is also a sustainable choice that benefits both homeowners and the environment. Consider making the switch to solar panels in Gila New Mexico to save money and reduce your carbon footprint.