Overview
In Chamisal, New Mexico, installing solar panels on your home can lead to significant cost savings on your electricity bill. By analyzing weather data and electricity costs over 365 days, we can show you how much money you can save by harnessing the power of the sun. We will break down the cost of a solar system and estimate how long it will take for you to break even on your investment. With the financial benefits of going solar, now is the perfect time to make the switch and start saving money on your energy bills.
Chamisal New Mexico Weather Trends
Chamisal Precipitation
Over the past year, Chamisal, New Mexico received 17.72 inches of precipitation, ranking it in the 4th percentile nationwide and the 75th percentile in the state. Compared to the national average of 50.61 inches and New Mexico’s average of 13.78 inches, Chamisal sees relatively little rainfall. With less precipitation to contend with, solar panels in Chamisal can operate more efficiently and consistently.
Chamisal’s UV Rating
Chamisal, New Mexico boasted an average UV rating of 3.79 in the last year, placing it in the 35th percentile across the country and the 10th percentile within the state. Compared to the national average of 4.29 and New Mexico’s average of 4.67, Chamisal receives a moderate amount of sunlight. This means that installing solar panels in Chamisal can significantly generate electricity, contributing to greater energy savings over time.
Chamisal’s Cloud Cover
With an average of 26% cloud cover in the last year, Chamisal, New Mexico ranks in the 5th percentile nationally and the 85th percentile statewide. In comparison, the national average cloud cover is 44.46%, while New Mexico’s average is 22.75%. Despite some cloud cover, Chamisal still experiences plenty of clear days perfect for generating solar energy efficiently.
Chamisal New Mexico Electricity Costs
Residents of Chamisal, New Mexico pay around $0.19 per kilowatt-hour for electricity, putting them in the 97th percentile in the country and the 92nd percentile in the state. In contrast, the national average for residential electricity is $0.13/kw, and New Mexico’s average is $0.15/kw. Given the relatively high cost of electricity in Chamisal, investing in solar panels can lead to substantial long-term savings on energy bills.
When could you expect to break even on a solar installation in Chamisal New Mexico?
Considering the weather and electricity costs in Chamisal, 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:
- Chamisal gets less precipitation than the national average, which is good for solar panel efficiency.
- The UV ratings in Chamisal are slightly lower than the national average, but still sufficient for generating solar power.
- Cloud cover in Chamisal is lower than the national average, with more sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Chamisal 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 need to purchase from the grid.
- With higher electricity rates in Chamisal, the savings from using solar power are even more significant.
After calculating the numbers, it seems that it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will start to offset the investment. Additionally, since solar panels have a long lifespan, you will continue to enjoy savings for many years beyond the break-even point. Investing in solar panels is a wise financial decision that not only saves you money but also contributes to a cleaner environment.
Investing in solar power in Chamisal New Mexico
With the financial benefits of installing solar panels in Chamisal, New Mexico, it is clear that making the switch to solar energy can lead to significant cost savings on your electricity bill. By analyzing the weather data and electricity costs, we have determined that investing in solar panels can help you break even on your initial investment in as little as 6 years. Given the efficient weather conditions and high electricity costs in Chamisal, going solar is a smart financial decision that not only saves you money but also contributes to a cleaner environment in the long run.