Overview
In Corona, New Mexico, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs specific to the area, we can estimate how long it will take for you to break even on your investment in a solar system. With ample sunshine, low precipitation, and minimal cloud cover, Corona is an ideal location for harnessing solar energy to power your home and save on your electricity bills. Let’s explore the cost savings and financial advantages of going solar in Corona.
Corona New Mexico Weather Trends
Corona Precipitation
With only 17.55 inches of precipitation in the last year, Corona, New Mexico ranks in the 4th percentile nationally and the 74th percentile within the state. This makes Corona drier than both the national average of 50.61 inches and New Mexico’s average of 13.78 inches. Installing solar panels in Corona, where water is scarce, can help you rely less on the grid and be more sustainable.
Corona’s UV Rating
Corona New Mexico boasts an average UV rating of 4.46, placing it in the 63rd percentile in the nation and the 46th percentile in the state. Compared to the national average of 4.29 and the New Mexico average of 4.67, Corona receives decent sun exposure. Taking advantage of this abundant sunshine by installing solar panels can significantly reduce your electricity bills and overall carbon footprint.
Corona’s Cloud Cover
Corona New Mexico experiences an average cloud cover of 21%, ranking it in the 2nd percentile nationally and the 34th percentile within the state. This means that the sky is generally clear, allowing for maximum sunlight exposure. With 235 days having between 0% and 25% cloud cover in the last year, Corona is an ideal location for harnessing solar energy effectively.
Corona New Mexico Electricity Costs
Residential electricity costs in Corona average around $0.16/kw, placing the city in the 94th percentile nationally and the 77th percentile within New Mexico. While the national average stands at $0.13/kw and the state average at $0.15/kw, taking advantage of solar energy can lead to significant long-term cost savings on your electricity bills. Make the switch to solar today and start enjoying the financial benefits of renewable energy.
When could you expect to break even on a solar installation in Corona New Mexico?
Considering the weather and electricity costs in Corona, 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:
- Corona, New Mexico receives less precipitation compared to the national average, which is great for solar panel efficiency.
- The UV ratings in Corona, New Mexico are slightly higher than the national average, making it an excellent location for solar power generation.
- Corona, New Mexico has lower cloud cover than the national average, with more sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Corona, New Mexico pay 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, reducing the amount residents need to buy from the grid.
- Given Corona, New Mexico’s higher electricity rates, the savings will be significant.
After analyzing the data, it appears that it would take approximately 6-7 years to cover the initial cost of the solar panels in Corona, New Mexico. This means that after that period, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels have a long lifespan, residents will continue to enjoy these savings for many years to come. Investing in solar energy is a wise decision both financially and environmentally!
Investing in solar power in Corona New Mexico
With the favorable weather conditions, higher than average UV ratings, and low cloud cover in Corona, New Mexico, coupled with the relatively high residential electricity costs, investing in solar panels can lead to significant cost savings in the long run. Based on the analysis of weather data and electricity expenses, it is estimated that residents in Corona could expect to break even on their solar panel investment within approximately 6-7 years. This initial investment will not only pay off in terms of electricity bill savings but also contribute to a more sustainable and environmentally friendly lifestyle. Making the switch to solar energy in Corona, New Mexico is not only a smart financial decision but also a positive step towards reducing your carbon footprint and helping the environment.