Overview
In Tatum, New Mexico, installing solar panels on your home can save you money in the long run. With the abundant sunshine in Tatum, a solar system can generate significant electricity savings while also reducing your carbon footprint. By analyzing weather data and electricity costs, we can estimate how quickly you can break even on your investment in solar panels and start enjoying the financial benefits of renewable energy.
Tatum New Mexico Weather Trends
Tatum Precipitation
With only 14.39 inches of precipitation in the last year, Tatum falls in the 3rd percentile in the nation and the 60th percentile in New Mexico. Compared to the national average of 50.61 inches, Tatum’s lower rainfall can make solar panel installation a more reliable and efficient option for generating electricity.
Tatum’s UV Rating
Having an average UV rating of 5.49 in the last year, Tatum ranks in the 89th percentile in the nation and the 84th percentile in New Mexico. This high UV rating means that Tatum receives ample sunlight, making it an ideal location for solar panel installation. With an average max UV rating of 6.01, Tatum is positioned to maximize energy production from solar panels.
Tatum’s Cloud Cover
At an average of 21% cloud cover in the last year, Tatum is in the 2nd percentile in the nation and the 28th percentile in New Mexico. The low cloud cover allows for more direct sunlight to reach solar panels, increasing their efficiency. With a significant number of days with minimal cloud cover, Tatum offers optimal conditions for solar energy generation.
Tatum New Mexico Electricity Costs
Residents of Tatum pay approximately $0.09/kw for electricity, placing Tatum in the 4th percentile in the nation and the 8th percentile in New Mexico. Compared to the national average of $0.13/kw and New Mexico’s average of $0.15/kw, Tatum’s lower electricity costs make investing in solar panels a financially sound decision. By harnessing the abundant sunlight in Tatum, residents can significantly reduce their electricity bills and contribute to a greener environment.
When could you expect to break even on a solar installation in Tatum New Mexico?
Considering the weather and electricity costs in Tatum, 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:
- Tatum receives much less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Tatum are higher than the national average, providing optimal conditions for solar power generation.
- Cloud cover in Tatum is lower than the national average, with most days having between 0% and 25% cloud cover.
Now, let’s consider the electricity costs:
- Residents in Tatum pay less for electricity compared to the national average, making solar power a cost-effective option.
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 reduces the electricity bill, especially in a location with lower electricity costs like Tatum.
- Given the optimal weather conditions, the solar panels in Tatum can generate a significant amount of electricity.
After analyzing the data, it looks like it would take around 7 years to cover the initial cost of the solar panels in Tatum, New Mexico. This means that after 7 years, the money saved on electricity bills will start to offset the investment. With solar panels lasting for 25 to 30 years, Tatum residents can enjoy long-term savings and contribute to a sustainable energy future. It’s a smart financial and environmental decision!
Investing in solar power in Tatum New Mexico
With the ideal weather conditions for solar power generation in Tatum, New Mexico, and the lower electricity costs compared to the national average, investing in solar panels can result in significant long-term savings. By analyzing the data, it is estimated that residents could break even on their solar panel investment in approximately 7 years. This means that after 7 years, the money saved on electricity bills will start to offset the initial cost. With solar panels lasting for 25 to 30 years, Tatum residents have the opportunity to enjoy both financial benefits and contribute to a more sustainable energy future. It’s a wise choice for both your wallet and the environment!