Overview
This article explores the financial benefits of installing solar panels on your home in Loco Hills, New Mexico. By analyzing weather data and electricity costs specific to the area, we will show you how much money you can save by switching to solar energy. We will break down the cost of a solar system and estimate how long it will take for you to break even on your investment. Get ready to discover the money-saving potential of solar power in Loco Hills!
Loco Hills New Mexico Weather Trends
Loco Hills Precipitation
In the last year, Loco Hills, New Mexico received 6.95 inches of precipitation, ranking it in the 1st percentile in the nation and the 17th percentile in New Mexico. Comparatively, the national average total precipitation is 50.61 inches, while New Mexico’s average is 13.78 inches. With such low levels of precipitation, installing solar panels in Loco Hills is an ideal choice for harnessing the sun’s energy.
Loco Hills’s UV Rating
Over the past year, Loco Hills, New Mexico had an average UV rating of 5.72, placing it in the 92nd percentile in the nation and the 93rd percentile in New Mexico. In comparison, the national average UV rating is 4.29, with New Mexico’s average at 4.67. Loco Hills also saw an average max UV rating of 6.37, ranking it in the 84th percentile in the nation and the 93rd percentile in New Mexico. These high UV ratings make Loco Hills an excellent location for solar panel installation.
Loco Hills’s Cloud Cover
With an average of 19% cloud cover in the last year, Loco Hills, New Mexico falls in the 1st percentile in the nation and the 16th percentile in New Mexico. Nationally, the average cloud cover is 44.46%, while New Mexico’s average is 22.75%. Loco Hills experienced 262 days with low cloud cover, making it an ideal location for solar energy production due to the abundance of sunny days.
Loco Hills New Mexico Electricity Costs
Residents of Loco Hills, New Mexico pay around $0.08/kw for electricity, ranking it in the 1st percentile in the nation and the 2nd 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 switching to solar panels, Loco Hills residents can significantly reduce their electricity costs and take advantage of the abundant sunlight in the area.
When could you expect to break even on a solar installation in Loco Hills New Mexico?
Considering the weather and electricity costs in Loco Hills 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:
- Loco Hills receives significantly less precipitation compared to the national average, making it an ideal location for solar panels.
- The UV ratings in Loco Hills are higher than the national average, providing great potential for solar power generation.
- Cloud cover in Loco Hills is lower than the national average, with most days having clear skies that are perfect for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Loco Hills enjoy lower electricity costs compared to the national average, making solar energy an even more cost-effective option.
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, which means residents don’t need to buy as much from the grid.
- With Loco Hills’ lower electricity rates, the savings add up even faster.
After crunching the numbers, it looks like it would take around 4 years to cover the initial cost of the solar panels. That means, after 4 years, the money saved on electricity bills will start to add up and pay off the investment. And with solar panels lasting for 25 to 30 years, residents will continue to enjoy those savings for many years to come. It’s a smart investment that not only saves money but also helps the environment by using clean energy sources.
Investing in solar power in Loco Hills New Mexico
Switching to solar power in Loco Hills, New Mexico can lead to significant financial benefits for residents. With ideal weather conditions for solar energy production and lower electricity costs compared to the national average, investing in solar panels can result in savings that start to accumulate after just a few years. By taking advantage of the abundant sunlight in the area, residents can break even on their investment within approximately 4 years and continue to enjoy savings for decades to come. Making the switch to solar power is not only a smart financial decision but also a step towards using clean energy sources that benefit both individuals and the environment.