Overview
In Lincoln, New Mexico, installing solar panels on your home can significantly reduce your electricity bills and save you money in the long run. By analyzing data on weather conditions and electricity costs, we will show you how much you can expect to save by making the switch to solar power. With detailed breakdowns of the costs involved and estimates on how quickly you can recoup your investment, this article will help you make an informed decision on whether solar panels are the right choice for you.
Lincoln New Mexico Weather Trends
Lincoln Precipitation
With Lincoln New Mexico receiving only 18.54 inches of precipitation in the last year, it is evident that the area sees relatively dry weather compared to both the national average of 50.61 inches and the state average of 13.78 inches. This lower amount of precipitation means that solar panels in Lincoln are less likely to be obstructed by rainwater, allowing for more consistent energy production throughout the year.
Lincoln’s UV Rating
Having an average UV rating of 4.46 in the last year, Lincoln falls slightly above the national average of 4.29 and below the state average of 4.67. This means that the area receives a good amount of sunlight, making it an ideal location for solar panel installation. With an average max UV rating of 4.79, Lincoln residents can benefit from the abundance of sunlight to generate their own clean, renewable energy.
Lincoln’s Cloud Cover
With an average of 22% cloud cover, Lincoln experiences clearer skies compared to the national average of 44.46% and the state average of 22.75%. This lower cloud cover percentage indicates that there are more sunny days in Lincoln, providing ample opportunities for solar panels to efficiently capture sunlight and convert it into electricity. The more sunlight available, the more potential savings on your electricity bill.
Lincoln New Mexico Electricity Costs
Residents of Lincoln New Mexico pay about $0.18/kw for electricity, which is higher than the national average of $0.13/kw and the state average of $0.15/kw. By switching to solar power, you can reduce your reliance on traditional electricity sources and save money in the long run. With abundant sunlight and high electricity costs, installing solar panels in Lincoln is a financially wise decision that can lead to significant savings over time.
When could you expect to break even on a solar installation in Lincoln New Mexico?
Considering the weather and electricity costs in Lincoln, 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:
- Lincoln, New Mexico receives less precipitation than the national average, making it a suitable location for solar panels.
- The average UV ratings in Lincoln, New Mexico are higher than the national average, indicating good conditions for generating solar power.
- Cloud cover in Lincoln, New Mexico is significantly lower than the national average, with many sunny days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Lincoln, New Mexico pay more for electricity compared to the national average, at $0.18/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 need to purchase as much from the grid.
- With Lincoln, New Mexico’s higher electricity rates, the savings will be substantial.
After crunching the numbers, it looks like it would take around 5-7 years to cover the initial cost of the solar panels. That means, after 5-7 years, the money saved on electricity bills will start to accumulate and pay off the investment. Since solar panels last for 25-30 years, there will be many years of savings beyond the break-even point. Investing in solar power is a wise financial decision that also benefits the environment.
Investing in solar power in Lincoln New Mexico
Considering the weather trends in Lincoln, New Mexico, and the higher electricity costs residents face, investing in solar panels can lead to significant savings over time. With ample sunlight, lower precipitation, and clearer skies, solar panels in Lincoln are an ideal choice for generating clean, renewable energy. If you are looking to reduce your electricity bills and make a long-term financial investment, switching to solar power in Lincoln is a smart decision that can lead to savings within 5-7 years of installation. Make the switch to solar today and start benefiting from lower electricity costs and a more sustainable energy source.