Overview
Are you a resident of Hagerman, New Mexico looking to save money on your electricity bills? Installing solar panels on your home could be the solution you’ve been searching for. By analyzing weather data specific to Hagerman, such as inches of precipitation, average max UV rating, average UV rating, and average percentage of cloud cover, we can show you just how much money you could save over time. With the cost of a solar system broken down and an estimate of how long it will take to break even, you’ll see that going solar is a smart financial decision for your household.
Hagerman New Mexico Weather Trends
Hagerman Precipitation
With only 6.07 inches of precipitation in the last year, Hagerman is in the 0th percentile in the nation and the 11th percentile in New Mexico. This means that Hagerman receives significantly less rainfall compared to both the national average of 50.61 inches and the New Mexico average of 13.78 inches. By installing solar panels, you can take advantage of the abundant sunshine in Hagerman to generate your electricity needs, saving you money on energy bills in the long run.
Hagerman’s UV Rating
Hagerman had an average UV rating of 5.68 in the last year, putting it in the 91st percentile in the nation and the 90th percentile in New Mexico. This high UV rating means that Hagerman receives ample sunlight, making it an ideal location for harnessing solar energy. With the national average for UV rating at 4.29 and New Mexico’s average at 4.67, Hagerman’s sunny weather presents a great opportunity for you to switch to solar power and reduce your dependence on traditional electricity sources.
Hagerman’s Cloud Cover
Despite having an average of 20% cloud cover in the last year, which places Hagerman in the 2nd percentile in the nation and the 21st percentile in New Mexico, there are still plenty of clear days for solar energy production. Compared to the national average of 44.46% cloud cover and New Mexico’s average of 22.75%, Hagerman’s relatively low cloud cover makes it an excellent location for solar panel installation. By going solar, you can maximize energy production and minimize your reliance on the grid.
Hagerman New Mexico Electricity Costs
Residents of Hagerman pay about $0.11/kw for electricity, positioning the town in the 41st percentile in the nation and the 20th percentile in New Mexico. While the national average for residential electricity is $0.13/kw and New Mexico’s average is $0.15/kw, Hagerman’s relatively lower electricity costs present an opportunity for significant savings with solar energy. By making the switch to solar panels, you can lock in lower electricity rates and reduce your carbon footprint at the same time.
When could you expect to break even on a solar installation in Hagerman New Mexico?
Considering the weather and electricity costs in Hagerman, 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:
- Hagerman receives much less precipitation than the national average, making it ideal for solar panel installations.
- The UV ratings in Hagerman are higher than the national average, which is great for generating solar power efficiently.
- Cloud cover in Hagerman is lower than the national average, with many days having minimal cloud cover, allowing for maximum sunlight exposure.
Now, let’s consider the electricity costs:
- Residents in Hagerman pay less for electricity compared to the national average, making solar energy a cost-effective alternative.
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, especially with Hagerman’s lower electricity rates.
After analyzing the data, it appears that it would take approximately 4-5 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 pay off the investment. Additionally, considering the longevity of solar panels, the savings will continue for many years after breaking even. It’s not only a financially wise decision but also beneficial for the environment!
Investing in solar power in Hagerman New Mexico
Installing solar panels in Hagerman, New Mexico can lead to significant savings on your electricity bills over time. The weather data specific to Hagerman, such as low precipitation, high UV ratings, and minimal cloud cover, make it an ideal location for solar panel installations. With lower electricity costs in the town, switching to solar energy is a smart financial decision for residents. By investing in a solar system, you can expect to break even in around 4-5 years and continue to save on your energy bills while reducing your carbon footprint. Going solar in Hagerman is not only a wise financial move but also an environmentally friendly choice for your household.