Overview
In sunny Dexter, New Mexico, installing solar panels on your home can be a smart financial decision. With an abundance of sunshine throughout the year, you can save money on your electricity bills while reducing your carbon footprint. By analyzing weather data and electricity costs, we will show you how a solar system can pay for itself over time, giving you a return on your investment and long-term savings.
Dexter New Mexico Weather Trends
Dexter Precipitation
With Dexter New Mexico receiving only 6.04 inches of precipitation in the last year, the town ranks quite low compared to both the nation and the state. In fact, Dexter falls in the 0th percentile nationally and the 10th percentile in New Mexico when it comes to total precipitation. In comparison, the national average is 50.61 inches, while New Mexico’s average is 13.78 inches. This means that Dexter’s dry climate makes it an ideal location for harnessing solar energy for your home.
Dexter’s UV Rating
Over the last year, Dexter New Mexico had an average UV rating of 5.68, placing it in the 91st percentile nationally and the 89th percentile within the state. Comparatively, the national average for UV rating is 4.29, and New Mexico’s average is 4.67. Additionally, Dexter had an average max UV rating of 6.36, ranking it in the 84th percentile nationally and the 92nd percentile in the state. These high UV ratings indicate that Dexter enjoys ample sunlight, making it an excellent location for solar panel installation.
Dexter’s Cloud Cover
With an average of 20% cloud cover in the last year, Dexter New Mexico is in the 2nd percentile nationally and the 22nd percentile within the state. In comparison, the national average for cloud cover is 44.46%, and New Mexico’s average is 22.75%. Dexter experienced 248 days with minimal cloud cover, indicating a high potential for consistent solar energy production. The town’s low cloud cover percentage further solidifies it as a prime location for solar panel usage.
Dexter New Mexico Electricity Costs
Residents of Dexter, New Mexico pay about $0.12/kw for electricity, ranking the town in the 60th percentile nationally and the 25th percentile within the state. The national average for residential electricity stands at $0.13/kw, while New Mexico’s average is $0.15/kw. With relatively affordable electricity costs, installing solar panels in Dexter can result in significant savings over time, providing a cost-effective and environmentally friendly energy solution for your home.
When could you expect to break even on a solar installation in Dexter New Mexico?
Considering the weather and electricity costs in Dexter 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:
- Dexter New Mexico receives less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Dexter New Mexico are higher than the national average, indicating good solar power generation potential.
- Cloud cover in Dexter New Mexico is lower than the national average, with a significant number of clear days for solar panels to work efficiently.
Now, let’s consider the electricity costs:
- Residents in Dexter New Mexico pay slightly less for electricity compared to the national average, which can lead to lower overall costs of running a solar system.
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 generates electricity, reducing the need to buy from the grid and resulting in potential savings.
- With Dexter New Mexico’s lower electricity rates, the savings from using solar power can be significant over time.
After analyzing the data, it appears that it would take around 5-6 years to cover the initial cost of the solar panels in Dexter New Mexico. This means that after this period, the money saved on electricity bills will start to accumulate and offset the investment. Additionally, since solar panels have a long lifespan, the savings will continue for many years, making it a wise financial and environmental decision.
Investing in solar power in Dexter New Mexico
Based on the weather trends and electricity costs in Dexter, New Mexico, it is evident that installing solar panels can be a beneficial investment. With the town’s low precipitation, high UV ratings, and minimal cloud cover, solar energy production is ample and consistent. Additionally, the relatively affordable electricity costs in Dexter make utilizing solar power a cost-effective and environmentally friendly option for homeowners. By analyzing the data, it is estimated that homeowners in Dexter can expect to break even on their solar panel investment in about 5-6 years. This initial payback period will be followed by long-term savings and a positive return on investment, making solar panel installation a smart choice for residents of Dexter, New Mexico.