Overview
In Hatch, New Mexico, installing solar panels on your home can lead to significant cost savings on electricity bills while also contributing to a more sustainable future. By analyzing weather data and electricity costs, we will show you how a solar system can pay for itself over time in this sunny and energy-efficient town. Let’s dive into the numbers and see how going solar can benefit your wallet in the long run.
Hatch New Mexico Weather Trends
Hatch Precipitation
With only 4.21 inches of precipitation in the last year, Hatch, New Mexico is in the 0th percentile both nationally and within the state. Compare this to the national average of 50.61 inches and the New Mexico average of 13.78 inches, and it’s clear that Hatch has a dry climate perfect for solar energy production.
Hatch’s UV Rating
Scoring a high average UV rating of 5.71 and an average max UV rating of 6.32, Hatch ranks in the 92nd and 84th percentiles in the nation, respectively. Compared to the national average of 4.29 for average UV rating and 4.61 for average max UV rating, Hatch’s abundant sunshine makes it an ideal location for harnessing solar power.
Hatch’s Cloud Cover
With an average of only 16% cloud cover, Hatch is in the 1st percentile nationally and the 2nd percentile within New Mexico. In the last year, Hatch had a significant number of clear days, with 276 days having between 0% and 25% cloud cover. This consistent sunshine is a valuable resource for generating solar energy.
Hatch New Mexico Electricity Costs
Residents of Hatch pay around $0.11/kw for electricity, placing the town in the 22nd percentile nationally and the 17th percentile within New Mexico. In comparison, the national average for residential electricity is $0.13/kw, while New Mexico’s average is slightly higher at $0.15/kw. Installing solar panels in Hatch can lead to significant cost savings on electricity bills over time.
When could you expect to break even on a solar installation in Hatch New Mexico?
Considering the weather and electricity costs in Hatch, 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:
- Hatch, New Mexico receives significantly less precipitation compared to the national average, making it a good location for solar panels.
- The UV ratings in Hatch, New Mexico are higher than the national average, which is ideal for generating solar power efficiently.
- Cloud cover in Hatch, New Mexico is much lower than the national average, with most days having clear skies.
Now, let’s consider the electricity costs:
- Residents in Hatch, New Mexico pay a bit less 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 purchased from the grid.
- With lower electricity costs in Hatch, New Mexico, the savings may take a bit longer to cover the initial investment.
After running the numbers, it appears that it may take around 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the money saved on electricity bills will start to offset the investment. Considering that solar panels last for 25 to 30 years, this is a smart choice for long-term savings and environmental benefits.
Investing in solar power in Hatch New Mexico
Installing solar panels in Hatch, New Mexico is a smart choice for both your wallet and the environment. With the town’s abundant sunshine and lower than average electricity costs, solar systems can pay for themselves in about 6-7 years. This means that after the initial investment, you can enjoy years of cost savings on your electricity bills. By harnessing the power of the sun, you not only reduce your carbon footprint but also contribute to a more sustainable future. Consider going solar in Hatch and reap the benefits for years to come.