Overview
If you live in Coyote, New Mexico, installing solar panels on your home could lead to substantial financial savings in the long run. By analyzing weather data and electricity costs specific to Coyote, we have determined how quickly a solar system can pay for itself. With the plentiful sunshine in the area and rising utility rates, investing in solar power can help you reduce your electricity bills and increase the value of your home. Stay tuned to learn more about the benefits of going solar in Coyote, New Mexico.
Coyote New Mexico Weather Trends
Coyote Precipitation
With an average of 12.04 inches of precipitation in the last year, Coyote New Mexico is in the 2nd percentile in the nation and the 48th percentile in New Mexico. Compared to the national average of 50.61 inches and New Mexico’s average of 13.78 inches, Coyote’s lower precipitation levels make it an ideal location for harnessing solar energy.
Coyote’s UV Rating
Having an average UV rating of 4.44 in the last year places Coyote in the 63rd percentile in the nation and the 42nd percentile in New Mexico. When compared to the national average of 4.29 and New Mexico’s average of 4.67, Coyote’s UV intensity is conducive to the efficient generation of solar power. Additionally, the average max UV rating of 4.93 further highlights the area’s solar potential.
Coyote’s Cloud Cover
With an average cloud cover of 24% in the last year, Coyote New Mexico ranks in the 3rd percentile in the nation and the 75th percentile in New Mexico. In comparison to the national average of 44.46% and New Mexico’s average of 22.75%, Coyote experiences fewer cloudy days, allowing for consistent and optimal solar panel performance. The distribution of cloud cover days also indicates favorable conditions for solar energy production.
Coyote New Mexico Electricity Costs
Residents of Coyote New Mexico pay around $0.14/kw for electricity, positioning the area in the 85th percentile in the nation and the 53rd percentile in New Mexico. In contrast to the national average of $0.13/kw and New Mexico’s average of $0.15/kw, Coyote’s electricity rates are slightly higher. By harnessing solar power, residents can offset these costs and potentially save money in the long run.
When could you expect to break even on a solar installation in Coyote New Mexico?
Considering the weather and electricity costs in Coyote, 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:
- Coyote, New Mexico receives less rainfall compared to the national average, making it an ideal location for efficient solar panel operation.
- The UV ratings in Coyote are slightly higher than the national average, which is great for generating solar power.
- The average cloud cover in Coyote is lower than the national average, with plenty of clear days ideal for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Coyote, New Mexico pay slightly 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 solar system helps reduce electricity costs by generating power on-site, reducing the need to purchase from the grid.
- Given Coyote’s higher electricity rates, the savings from using solar power are even more significant.
After crunching the numbers, it looks like it would take around 5-6 years to cover the initial cost of the solar panels. This means that after 5-6 years, the money saved on electricity bills will begin to offset the investment. Additionally, since solar panels have a long lifespan, you will continue to benefit from these savings for many years to come. Investing in solar power is a smart way to save money and contribute to a greener environment!
Investing in solar power in Coyote New Mexico
Installing solar panels in Coyote, New Mexico is a smart investment that can lead to significant financial savings over time. With abundant sunshine, lower precipitation levels, higher UV ratings, and fewer cloudy days, Coyote provides ideal conditions for harnessing solar energy. Additionally, despite slightly higher electricity costs in the area, the long-term savings from using solar power can help offset the initial investment in about 5-6 years. By going solar, residents of Coyote can reduce their electricity bills, increase the value of their homes, and contribute to a more sustainable future. It’s clear that embracing solar power in Coyote, New Mexico is a win-win decision.