Overview
This article will show you how installing solar panels on your home in Derry, New Mexico can save you money in the long run. By analyzing the local weather data, electricity costs, and the cost of a solar system, we will demonstrate how quickly you can break even on your investment. With the sunny skies and low precipitation levels in Derry, solar panels are a cost-effective and environmentally friendly way to power your home.
Derry New Mexico Weather Trends
Derry Precipitation
With only 54.09 inches of precipitation in the last year, Derry, New Mexico is in the 57th percentile in the nation and the 99th percentile in New Mexico. This means that Derry receives more rain than most places in the country and significantly more than the state average of 13.78 inches. Installing solar panels in a region with high precipitation like Derry can help you save money in the long run.
Derry’s UV Rating
Having an average UV rating of 2.89, Derry is in the 2nd percentile in the nation and the 0th percentile in New Mexico. This low UV rating indicates that Derry receives less sunlight compared to most areas in the country and even less than the average for New Mexico. However, even with lower UV ratings, solar panels can still be a cost-effective and environmentally friendly way to power your home in Derry.
Derry’s Cloud Cover
With an average of 75% cloud cover, Derry is in the 100th percentile in the nation and the 100th percentile in New Mexico. This high percentage of cloud cover might seem like a challenge for solar panel efficiency, but with the majority of days falling in the 75% to 100% cloud cover range, there are still plenty of opportunities to harness sunlight for energy. Solar panels can be a reliable source of power for your home in Derry.
Derry New Mexico Electricity Costs
Residents in Derry, New Mexico pay about $0.11/kw for electricity, placing them in the 22nd percentile in the nation and the 17th percentile in New Mexico. While this rate is lower than the national and state averages, investing in solar panels can further reduce your electricity costs and lead to significant savings over time. Consider the financial benefits of switching to solar in Derry.
When could you expect to break even on a solar installation in Derry New Mexico?
Considering the weather and electricity costs in Derry 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:
- Derry New Mexico receives slightly more precipitation than the national average, but it still has enough sunlight for solar panels to be effective.
- The UV ratings in Derry New Mexico are lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Derry New Mexico is higher than the national average, with most days having between 75% and 100% cloud cover.
Now, let’s consider the electricity costs:
- Residents in Derry New Mexico pay slightly less for electricity compared to the national average, at $0.11/kw.
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 needed to be bought from the grid.
- Since Derry New Mexico’s electricity costs are below the national average, the savings are slightly lower but still significant.
After analyzing the data, it appears that it would take around 6-7 years to cover the initial cost of the solar panels in Derry New Mexico. This means that after this period, the money saved on electricity bills will begin to accumulate and justify the investment. Additionally, with solar panels lasting for 25 to 30 years, there will be many more years of savings ahead. Investing in solar power is not only a smart financial decision but also a step towards a more sustainable future.
Investing in solar power in Derry New Mexico
Installing solar panels on your home in Derry, New Mexico can be a wise investment that will save you money in the long run. By analyzing the local weather data and electricity costs, we have shown that despite Derry’s higher precipitation levels and lower UV ratings compared to national averages, solar panels can still be a cost-effective and environmentally friendly way to power your home. With electricity costs below the national average, residents can expect to break even on their solar panel investment in around 6-7 years, with many more years of savings to come. Choosing solar power is not just a financial decision, but a sustainability choice for a brighter future.