Overview
Are you looking to save money on your electricity bills while also helping the environment? Installing solar panels on your home in Carrizozo, New Mexico can be a great financial decision. By analyzing weather data and electricity costs specific to Carrizozo, we will show you how much you can save by switching to solar power. We will break down the cost of a solar system, estimate how long it will take to break even, and highlight the financial benefits of going solar in Carrizozo.
Carrizozo New Mexico Weather Trends
Carrizozo Precipitation
With 18.66 inches of precipitation in the last year, Carrizozo is in the 82nd percentile in New Mexico, but only the 5th percentile in the nation. Comparatively, the national average for total precipitation is 50.61 inches, while New Mexico’s average is 13.78 inches. This means that Carrizozo receives less rainfall than most places in the country, making it an ideal location for solar panel installation.
Carrizozo’s UV Rating
Carrizozo had an average UV rating of 4.47 in the last year, placing it in the 48th percentile in New Mexico and the 64th percentile in the nation. The national average for average UV rating is 4.29, while New Mexico’s average is 4.67. Additionally, Carrizozo’s average max UV rating of 4.81 is above the national average of 4.61. This means that Carrizozo has ample sunshine, making it a great place to harness solar energy for your home.
Carrizozo’s Cloud Cover
With an average of 22% cloud cover in the last year, Carrizozo sits in the 36th percentile in New Mexico and a low 2nd percentile in the nation. The national average for average cloud cover is 44.46%, while New Mexico’s average is 22.75%. Additionally, Carrizozo had numerous days with minimal cloud cover, making it an ideal location for solar panel installation with consistent access to sunlight for energy generation.
Carrizozo New Mexico Electricity Costs
Residents of Carrizozo pay about $0.18/kw for electricity, placing them in the 87th percentile in New Mexico and an impressive 97th percentile in the nation. In comparison, the national average for residential electricity is $0.13/kw, while New Mexico’s average is $0.15/kw. The high cost of electricity in Carrizozo makes solar panels an attractive financial option, allowing residents to save money on their energy bills while also reducing their environmental impact.
When could you expect to break even on a solar installation in Carrizozo New Mexico?
Considering the weather and electricity costs in Carrizozo 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:
- Carrizozo gets less rain than the national average, making it a suitable location for solar panels.
- The UV ratings in Carrizozo are slightly higher than the national average, which is great for generating solar power.
- Cloud cover in Carrizozo is lower than the national average, with many days having clear skies making it ideal for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Carrizozo pay more for electricity compared to the national average, making solar panels 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 system generates electricity, reducing the need to purchase from the grid, especially with higher electricity rates in Carrizozo.
After analyzing the data, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the savings on electricity bills will start to accumulate and pay off the investment. Considering the longevity of solar panels, the savings will continue for many years beyond that initial period. Investing in solar panels in Carrizozo is not only a smart financial decision but also an environmentally friendly one.
Investing in solar power in Carrizozo New Mexico
Installing solar panels in Carrizozo, New Mexico can be a smart financial decision with the potential to save you money on electricity bills. By analyzing weather trends and electricity costs specific to Carrizozo, it is evident that the area’s low precipitation, ample sunshine, and high electricity rates make it an ideal location for solar panel installation. With an estimated 5-year payback period for a standard solar system, residents can start saving money and reducing their environmental impact by switching to solar power. Investing in solar panels in Carrizozo is a practical and eco-friendly choice for homeowners looking to make a positive change.