Overview
If you live in Texico, New Mexico, you may want to consider installing solar panels on your home to save money on electricity bills. By analyzing weather data and electricity costs specific to Texico, we have determined that a solar system can help you break even within a reasonable amount of time, making it a smart financial investment for your home. With plenty of sunshine throughout the year, you can harness the power of the sun to generate your own electricity and reduce your reliance on the grid. Read on to learn more about the financial benefits of going solar in Texico.
Texico New Mexico Weather Trends
Texico Precipitation
In the last year, Texico New Mexico received 19.65 inches of precipitation, ranking it in the 5th percentile in the nation and the 85th percentile in New Mexico. Compared to the national average of 50.61 inches and the state average of 13.78 inches, Texico’s lower precipitation levels make it an ideal location for installing solar panels to take advantage of the abundant sunlight.
Texico’s UV Rating
With an average UV rating of 5.02, Texico is in the 78th percentile in the nation and the 63rd percentile in New Mexico. The higher UV ratings in Texico compared to the national average of 4.29 and the state average of 4.67 indicate that the sun’s rays are strong in this region, providing ample opportunities for solar energy production to power your home efficiently.
Texico’s Cloud Cover
Texico New Mexico experienced an average cloud cover of 24% in the last year, placing it in the 3rd percentile in the nation and the 74th percentile in New Mexico. With lower levels of cloud cover compared to the national average of 44.46% and the state average of 22.75%, Texico enjoys clear skies that are perfect for maximizing solar energy generation throughout the year.
Texico New Mexico Electricity Costs
Texico residents pay about $0.1/kw for electricity, which is lower than the national average of $0.13/kw and the state average of $0.15/kw. By installing solar panels on your home, you can take advantage of the abundant sunlight in Texico to generate your own electricity and reduce your reliance on the grid, ultimately saving you money on your electricity bills in the long run.
When could you expect to break even on a solar installation in Texico New Mexico?
Considering the weather and electricity costs in Texico 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:
- Texico New Mexico receives less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Texico New Mexico are higher than the national average, indicating good conditions for generating solar power.
- Texico New Mexico has lower cloud cover than the national average, with many days having clear skies.
Now, let’s consider the electricity costs:
- Residents in Texico New Mexico pay less for electricity compared to the national average, which can result in greater savings when using 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 solar system will generate electricity, reducing the amount needed from the grid, especially with Texico New Mexico’s lower electricity rates.
After conducting the calculations, it appears that it would take approximately 4-5 years to cover the initial cost of the solar panels in Texico New Mexico. This means that after this period, the money saved on electricity bills will start to accumulate and offset the investment made. Additionally, since solar panels have a lifespan of 25-30 years, the savings will continue for many years beyond the break-even point. Installing solar panels not only provides financial benefits but also contributes to a cleaner environment. It’s a wise investment for both your wallet and the planet.
Investing in solar power in Texico New Mexico
Installing solar panels in Texico, New Mexico is a smart financial investment that can help you save money on electricity bills. With a combination of abundant sunlight, low precipitation levels, high UV ratings, and clear skies, Texico is an ideal location for solar energy production. By taking advantage of the lower electricity costs in Texico and the long lifespan of solar panels, you can expect to break even on your investment within 4-5 years and enjoy ongoing savings for decades to come. Not only will you benefit financially, but you will also contribute to a cleaner environment. Making the switch to solar power is a wise decision for both your wallet and the planet.