Overview
If you’re considering installing solar panels on your home in Fort Wingate, New Mexico, you’ll be pleased to know that the financial benefits are significant. With our analysis of weather data and electricity costs specific to your area, we have calculated that a solar system can pay for itself in a reasonable amount of time. By harnessing the abundant sunlight in your region and reducing your reliance on traditional energy sources, you can save money on your electricity bill and make a positive impact on the environment. Let us show you how going solar can be a smart investment for your home.
Fort Wingate New Mexico Weather Trends
Fort Wingate Precipitation
With Fort Wingate receiving only 11.01 inches of precipitation in the last year, it falls in the 2nd percentile in the nation and the 40th percentile in New Mexico. Compared to the national average of 50.61 inches and New Mexico’s average of 13.78 inches, Fort Wingate’s lower precipitation levels make it an ideal location for harnessing solar energy.
Fort Wingate’s UV Rating
Fort Wingate’s average UV rating of 4.32 places it in the 59th percentile in the nation and the 36th percentile in New Mexico. When compared to the national average of 4.29 and New Mexico’s average of 4.67, Fort Wingate’s UV levels are conducive to generating solar power efficiently. Additionally, with an average max UV rating of 4.78, which is above the national and state averages, the potential for solar energy production is even greater.
Fort Wingate’s Cloud Cover
Fort Wingate experiences an average of 23% cloud cover, placing it in the 3rd percentile in the nation and the 56th percentile in New Mexico. With the national average at 44.46% and New Mexico’s average at 22.75%, Fort Wingate has significantly fewer cloudy days, making it an optimal location for solar panel installation. Additionally, with a majority of days having minimal cloud cover, there is ample sunlight available for solar energy production.
Fort Wingate New Mexico Electricity Costs
Residents of Fort Wingate pay around $0.14/kw for electricity, positioning the area in the 83rd percentile in the nation and the 47th percentile in New Mexico. Comparatively, the national average for residential electricity is $0.13/kw, while New Mexico’s average is $0.15/kw. By investing in solar panels, Fort Wingate residents can reduce their reliance on traditional electricity sources and save money in the long run.
When could you expect to break even on a solar installation in Fort Wingate New Mexico?
Considering the weather and electricity costs in Fort Wingate, 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:
- Fort Wingate receives less precipitation than the national average, making it a good location for solar panel installations.
- The UV ratings in Fort Wingate are slightly above the national average, which is great for generating solar power.
- Cloud cover in Fort Wingate is lower than the national average, with more sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Fort Wingate pay a bit 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 amount needed from the grid and resulting in savings.
- With Fort Wingate’s higher electricity rates, the savings from solar power are significant.
After crunching the numbers, it looks like it would take around 5-7 years to cover the initial cost of the solar panels. This means that after 5-7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Additionally, since solar panels last for a long time, you’ll continue to enjoy those savings for many years beyond the initial payback period. Investing in solar panels is a smart way to save money and contribute to a greener environment!
Investing in solar power in Fort Wingate New Mexico
Installing solar panels in Fort Wingate, New Mexico is a wise investment that can lead to significant financial benefits. By taking advantage of the ample sunlight in the region and reducing reliance on traditional energy sources, homeowners can save money on electricity bills and make a positive impact on the environment. With lower than average precipitation, favorable UV ratings, and minimal cloud cover, Fort Wingate is an ideal location for harnessing solar energy. Despite slightly higher electricity costs compared to national averages, the payback period for a standard 10kW solar system is estimated to be around 5-7 years. This means that homeowners can start accumulating savings on electricity bills and enjoy the benefits of solar power for many years to come. Investing in solar panels is not only a smart financial decision but also a step towards a greener future.