Overview
In Hondo, New Mexico, investing in solar panels for your home can lead to significant financial benefits. By analyzing a year’s worth of weather data and electricity costs, we can show you how much you can save by going solar. With the average cost of a solar system and estimated break-even time, you can make an informed decision to lower your electricity bills and contribute to a cleaner environment.
Hondo New Mexico Weather Trends
Hondo Precipitation
With only 18.8 inches of precipitation in the last year, Hondo, New Mexico is in a unique position compared to the rest of the country and even within the state itself. Ranking in the 5th percentile nationally and the 83rd percentile in New Mexico, Hondo experiences significantly less rainfall than the national average of 50.61 inches and the state average of 13.78 inches.
Hondo’s UV Rating
When it comes to sunlight, Hondo boasts an average UV rating of 4.46, placing it in the 63rd percentile nationwide and the 47th percentile within New Mexico. This means that Hondo receives more sunlight compared to the national average of 4.29 but slightly less than the state average of 4.67. Additionally, the average maximum UV rating in Hondo is 4.79, placing it in the 52nd percentile nationally and the 39th percentile within New Mexico.
Hondo’s Cloud Cover
With an average cloud cover of 22%, Hondo ranks in the 2nd percentile nationally and the 37th percentile within New Mexico. This low cloud cover percentage means that Hondo enjoys more clear skies than the national average of 44.46% but slightly less than New Mexico’s average of 22.75%. Additionally, Hondo experienced varying degrees of cloud cover throughout the year, with the majority of days having between 0% and 25% cloud cover.
Hondo New Mexico Electricity Costs
Residents of Hondo pay around $0.19/kw for electricity, placing them in the 97th percentile nationally and the 95th percentile within New Mexico. Despite the higher cost compared to the national average of $0.13/kw and the state average of $0.15/kw, investing in solar panels can help offset these expenses in the long run while also contributing to a cleaner environment.
When could you expect to break even on a solar installation in Hondo New Mexico?
Considering the weather and electricity costs in Hondo, 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:
- Hondo gets less rainfall compared to the national average, providing plenty of sunny days for solar panels to work efficiently.
- The UV ratings in Hondo are slightly higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in Hondo is relatively low compared to the national average, with many days having clear skies.
Now, let’s consider the electricity costs:
- Residents in Hondo pay more for electricity compared to the national average, making solar power 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, providing long-term benefits.
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:
- By generating electricity from the solar panels, residents can reduce their reliance on the grid, leading to savings on electricity bills.
- With the higher electricity rates in Hondo, the savings from using solar power become even more significant.
After analyzing the data, it appears that it would take approximately 5-7 years to cover the initial cost of the solar panels. This means that after 5-7 years, the savings on electricity bills will begin to accumulate and offset the investment. Additionally, with solar panels lasting for up to 30 years, residents can enjoy prolonged savings and environmental benefits. It’s a wise financial decision that also contributes to sustainability!
Investing in solar power in Hondo New Mexico
Investing in solar panels in Hondo, New Mexico is a smart financial choice that can lead to significant savings on electricity bills. With the unique weather conditions in Hondo, including less rainfall, higher UV ratings, and low cloud cover, solar panels can efficiently generate power. Despite the higher electricity costs in the area, the savings from using solar power can help cover the initial investment in approximately 5-7 years. Not only does going solar benefit your wallet, but it also contributes to a cleaner environment. Making the switch to solar power in Hondo is a win-win situation for residents looking to save money and support sustainability!