Overview
Are you looking to save money on your electricity bills in Edgewood, New Mexico? Installing solar panels on your home could be the answer. By analyzing weather data specific to Edgewood, including inches of precipitation, average UV ratings, and cloud cover percentages, we can show you how much you can save on your energy costs with solar power. We will break down the cost of a solar system and estimate the time it will take to break even, helping you make an informed decision to go solar and start saving money today.
Edgewood New Mexico Weather Trends
Edgewood Precipitation
With only 13.35 inches of precipitation in the last year, Edgewood New Mexico is in the 3rd percentile nationally and the 55th percentile within the state. This low rainfall means fewer cloudy days, providing abundant sunshine for your solar panels to generate electricity efficiently.
Edgewood’s UV Rating
Edgewood’s average UV rating of 4.34 places it in the 59th percentile nationwide and the 37th percentile in New Mexico. More sunshine means more potential energy production from your solar panels. Despite some fluctuations, the overall UV rating in Edgewood is conducive to harnessing solar power effectively.
Edgewood’s Cloud Cover
Edgewood experienced an average cloud cover of 23% in the last year, placing it in the 3rd percentile in the country and the 57th percentile in New Mexico. This lower cloud cover percentage means more direct sunlight reaching your solar panels, translating to increased energy production and potential savings on your electricity bills.
Edgewood New Mexico Electricity Costs
Residents of Edgewood pay approximately $0.16/kw for electricity, positioning the town in the 94th percentile nationally and the 75th percentile within New Mexico. While electricity prices may vary across regions, it is evident that Edgewood residents can benefit significantly from installing solar panels to offset high electricity costs and reduce their dependency on the grid.
When could you expect to break even on a solar installation in Edgewood New Mexico?
Considering the weather and electricity costs in Edgewood, 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:
- Edgewood receives less precipitation compared to the national average, making it a suitable location for solar panel installation.
- The UV ratings in Edgewood are slightly higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in Edgewood is lower than the national average, with more days of clear skies favorable for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Edgewood 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 system generates electricity, reducing the need to purchase electricity from the grid.
- With Edgewood’s electricity costs, the savings from using solar power will be significant.
After analyzing the data, it appears that it would take approximately 5 years to recover the initial cost of the solar panels. This means that after 5 years, the money saved on electricity bills will begin to offset the investment. Additionally, considering the long lifespan of solar panels, the savings will continue for many years beyond the initial payback period. Investing in solar panels is a wise decision both financially and environmentally!
Investing in solar power in Edgewood New Mexico
By analyzing the weather trends and electricity costs in Edgewood, New Mexico, it is clear that installing solar panels can lead to substantial savings on energy bills. With low precipitation, high UV ratings, and minimal cloud cover, Edgewood provides ideal conditions for harnessing solar power efficiently. Residents paying higher-than-average electricity rates can expect to break even on their solar investment in approximately 5 years, after which they will continue to reap financial benefits for decades. Going solar in Edgewood is not only a smart financial decision but also a positive step towards a more sustainable future.