Overview
Are you a resident of Grenville, New Mexico looking to save money on your electricity bills? By analyzing weather data and electricity costs specific to your area, we will show you how installing solar panels on your home can lead to significant savings over time. You’ll learn about the financial benefits of generating your own electricity and how long it may take to break even on the initial cost of a solar system. Keep reading to see how going solar can be a smart investment for your home in Grenville.
Grenville New Mexico Weather Trends
Grenville Precipitation
In the last year, Grenville, New Mexico, received 24.92 inches of precipitation, putting it in the 8th percentile in the nation and the 93rd percentile in New Mexico. Compared to the national average of 50.61 inches, Grenville sees significantly less rainfall. However, compared to New Mexico’s average of 13.78 inches, Grenville experiences relatively high levels of precipitation.
Grenville’s UV Rating
Grenville, New Mexico, had an average UV rating of 4.63 in the last year, placing it in the 68th percentile nationally and the 53rd percentile within the state. The national average UV rating is 4.29, so Grenville has a relatively high UV index. Additionally, Grenville’s average max UV rating of 5.04 is higher than both the national average of 4.61 and New Mexico’s average of 5.14.
Grenville’s Cloud Cover
In the last year, Grenville, New Mexico, had an average cloud cover of 26%, making it one of the sunniest places in the country at the 5th percentile nationally and the 85th percentile within the state. With fewer cloudy days compared to the national average of 44.46% and New Mexico’s average of 22.75%, Grenville offers ample sunlight for solar energy generation throughout the year.
Grenville New Mexico Electricity Costs
Residents of Grenville, New Mexico, pay about $0.22/kw for electricity, which is in the 99th percentile nationally and the 98th percentile within the state. While this may seem high compared to the national average of $0.13/kw and New Mexico’s average of $0.15/kw, transitioning to solar energy can significantly reduce your monthly electricity bills and provide long-term cost savings.
When could you expect to break even on a solar installation in Grenville New Mexico?
Considering the weather and electricity costs in Grenville 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:
- Grenville New Mexico receives less precipitation than the national average, making it a good location for solar panels.
- The UV ratings in Grenville New Mexico are above the national average, providing ample sunlight for solar power generation.
- Cloud cover in Grenville New Mexico is lower than the national average, which is beneficial for solar panel efficiency.
Now, let’s consider the electricity costs:
- Residents in Grenville New Mexico pay more for electricity compared to the national average, at $0.22/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 from the grid and saving money on electricity bills.
- With higher electricity rates in Grenville New Mexico, the savings from using solar power are significant.
After analyzing the data, it is estimated that it would take around 7-8 years to cover the initial cost of the solar panels. This means, after 7-8 years, the money saved on electricity bills will start to offset the investment cost. Since solar panels last for 25 to 30 years, the long-term savings and benefits of solar energy are well worth the initial investment. It’s a wise choice for both your finances and the environment!
Investing in solar power in Grenville New Mexico
Based on the analysis of weather trends and electricity costs in Grenville, New Mexico, it is clear that installing solar panels can lead to significant savings over time. With above-average UV ratings, low cloud cover, and relatively high electricity costs in the area, transitioning to solar energy is a smart investment for residents. It is estimated that the initial cost of a solar system could be recouped within 7-8 years, leading to long-term savings and benefits for both finances and the environment. Consider going solar to save money and reduce your carbon footprint in Grenville!