Overview
Discover the financial benefits of installing solar panels in El Prado, New Mexico. By analyzing weather data and electricity costs specific to the area, we will break down the cost of a solar system and estimate how long it will take to break even. With ample sunshine and low cloud cover, investing in solar energy can lead to significant long-term savings on your electricity bill.
El Prado New Mexico Weather Trends
El Prado Precipitation
With only 17.95 inches of precipitation in the last year, El Prado is in the 4th percentile in the nation and the 77th percentile in New Mexico. Compared to the national average of 50.61 inches, El Prado’s low precipitation levels make it an ideal location for solar panel installation, saving you money on water-related maintenance costs.
El Prado’s UV Rating
El Prado’s average UV rating of 3.77 places it in the 34th percentile nationwide and the 10th percentile in New Mexico. The national average UV rating is 4.29, while New Mexico averages 4.67. With consistent sunlight, you can maximize the efficiency of your solar panels in El Prado, leading to greater energy savings in the long run.
El Prado’s Cloud Cover
At an average of 26% cloud cover, El Prado ranks in the 5th percentile nationally and the 87th percentile in New Mexico. In comparison, the national average for cloud cover is 44.46%, with New Mexico averaging 22.75%. With more sunny days in El Prado, solar panels can capture ample sunlight to power your home, reducing your dependence on traditional electricity sources.
El Prado New Mexico Electricity Costs
Residents of El Prado pay $0.19/kw for electricity, positioning the town in the 97th percentile nationally and the 92nd percentile in New Mexico. In contrast, the national average for residential electricity is $0.13/kw, with New Mexico averaging $0.15/kw. With higher electricity costs in El Prado, investing in solar panels can lead to substantial savings on your monthly utility bills over time.
When could you expect to break even on a solar installation in El Prado New Mexico?
Considering the weather and electricity costs in El Prado 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:
- El Prado New Mexico receives less precipitation compared to the national average, which is good for solar panels.
- The UV ratings in El Prado New Mexico are slightly lower than the national average, but still suitable for generating solar power.
- Cloud cover is lower in El Prado New Mexico than the national average, with a variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in El Prado New Mexico 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 buy as much from the grid.
- With higher electricity rates in El Prado New Mexico, the savings from using solar power are significant.
After crunching the numbers, it looks like it would take around 8-10 years to cover the initial cost of the solar panels. That means, after 8-10 years, the money saved on electricity bills will start to add up and pay off the investment. And remember, solar panels last for a long time, so after that initial period, you’ll be enjoying those savings for many years to come. It’s a wise investment for saving money and supporting sustainable energy.
Investing in solar power in El Prado New Mexico
With favorable weather conditions and higher electricity costs in El Prado, New Mexico, investing in solar panels can result in significant long-term savings on your electricity bill. By harnessing the ample sunshine and low cloud cover, solar panels can generate electricity efficiently, reducing your dependence on traditional energy sources. With an estimated break-even period of 8-10 years, the initial investment in solar panels is well worth it for both financial savings and sustainable energy benefits. Make the switch to solar power and start saving today!