Overview
If you’re a resident of Elida, New Mexico, installing solar panels on your home can be a smart financial decision. By analyzing weather data and electricity costs specific to Elida, we can show you how much money you could save over time. With the sunny climate and relatively low cloud cover in Elida, solar panels can generate a significant amount of electricity, leading to lower electricity bills. We will break down the cost of a solar system for your home and estimate how long it will take for you to break even on your investment.
Elida New Mexico Weather Trends
Elida Precipitation
In the last year, Elida New Mexico received 18.3 inches of precipitation, ranking in the 5th percentile in the nation and the 78th percentile in New Mexico. Compared to the national average of 50.61 inches and the state average of 13.78 inches, Elida’s lower precipitation levels make it an ideal location for solar panel installation. With less rain to block sunlight, solar panels in Elida can generate more electricity efficiently.
Elida’s UV Rating
In the last year, Elida New Mexico had an average UV rating of 5.3, placing it in the 85th percentile in the nation and the 79th percentile in New Mexico. With higher UV ratings than the national average of 4.29 and the state average of 4.67, Elida receives ample sunlight ideal for generating solar energy. The average max UV rating of 5.87 further emphasizes the potential for solar panels to thrive in Elida’s sunny climate.
Elida’s Cloud Cover
In the last year, Elida New Mexico had an average of 22% cloud cover, ranking in the 3rd percentile in the nation and the 53rd percentile in New Mexico. With lower cloud cover compared to the national average of 44.46% and the state average of 22.75%, Elida experiences more sunny days perfect for solar panel productivity. Additionally, the distribution of cloud cover days indicates a favorable environment for consistent solar energy generation.
Elida New Mexico Electricity Costs
Elida New Mexico residents pay about $0.09/kw for electricity, placing them in the 2nd percentile nationwide and the 3rd percentile in New Mexico. With lower electricity costs compared to the national average of $0.13/kw and the state average of $0.15/kw, investing in solar panels can lead to significant savings on energy bills over time. By harnessing the abundant sunlight in Elida, residents can enjoy both financial benefits and a reduced carbon footprint by switching to solar energy.
When could you expect to break even on a solar installation in Elida New Mexico?
Considering the weather and electricity costs in Elida, 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:
- Elida, New Mexico receives less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Elida, New Mexico are higher than the national average, making it ideal for generating solar power.
- Cloud cover is lower in Elida, New Mexico compared to the national average, providing more sunshine for solar panels to work efficiently.
Now, let’s consider the electricity costs:
- Elida, New Mexico residents pay less for electricity compared to the national average, which is beneficial for investing in solar power.
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 and saving money on electricity bills.
- With Elida, New Mexico’s lower electricity rates, the savings will gradually add up over time.
After analyzing the data, it appears that it would take approximately 6-7 years to cover the initial cost of the solar panels in Elida, New Mexico. This means that after this period, the savings from reduced electricity bills will start to pay off the investment. Given the long lifespan of solar panels, the savings will continue for many years, making it a wise financial decision while also contributing to a cleaner environment.
Investing in solar power in Elida New Mexico
Installing solar panels in Elida, New Mexico can be a wise financial decision due to the sunny climate and low cloud cover, making them efficient in generating electricity. With lower electricity costs in Elida and the potential for significant savings over time, investing in solar energy is not only financially beneficial but also environmentally friendly. Based on our analysis, it would take approximately 6-7 years to break even on the initial cost of the solar panels in Elida, New Mexico. This investment will continue to provide savings and cleaner energy for many years to come, making it a smart choice for residents in Elida.