Overview
With the cost of electricity on the rise in Mexican Hat, investing in solar panels for your home could be a smart financial decision. By analyzing weather data and electricity costs specific to our area, we can estimate how long it would take to break even on a solar system. This article will break down the cost of installation and the potential savings over time, offering you a clear picture of the financial benefits of going solar in Mexican Hat, Utah.
Mexican Hat Utah Weather Trends
Mexican Hat Precipitation
With Mexican Hat receiving only 8.72 inches of precipitation in the last year, it is clear that our town is not known for its rainy weather. Compared to the national average of 50.61 inches, Mexican Hat is in the 1st percentile in the nation and the 6th percentile in Utah for total precipitation. This low precipitation rate makes Mexican Hat an ideal location for harnessing solar energy.
Mexican Hat’s UV Rating
On average, Mexican Hat experiences a UV rating of 4.3, placing it in the 58th percentile nationwide and the 84th percentile in Utah based on UV intensity. With an average max UV rating of 4.6, Mexican Hat is in the 47th percentile in the nation and the 81st percentile in Utah. These high UV ratings indicate that Mexican Hat receives ample sunlight, making it a prime location for solar panel installation.
Mexican Hat’s Cloud Cover
Mexican Hat averages a cloud cover of 21%, ranking it in the 2nd percentile in the nation and the 7th percentile in Utah. Compared to the national average of 44.46% and the Utah average of 31.68%, Mexican Hat has significantly fewer cloudy days. With 242 days having minimal cloud cover, residents can count on consistent sunlight, perfect for maximizing the efficiency of solar panels.
Mexican Hat Utah Electricity Costs
Residents of Mexican Hat pay around $0.12/kw for electricity, placing them in the 46th percentile in the nation and the 85th percentile in Utah. In comparison, the national average for residential electricity is $0.13/kw, while Utah’s average is $0.1/kw. Installing solar panels can provide long-term savings on electricity bills and reduce reliance on traditional power sources, making it a wise financial decision for Mexican Hat residents.
When could you expect to break even on a solar installation in Mexican Hat Utah?
Considering the weather and electricity costs in Mexican Hat Utah, 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:
- Mexican Hat Utah receives less precipitation than the national average, making it a good location for effective solar panel performance.
- The UV ratings in Mexican Hat Utah are close to the national average, indicating good conditions for generating solar power.
- Cloud cover in Mexican Hat Utah is lower than the national average, with most days having minimal cloud cover.
Now, let’s consider the electricity costs:
- Residents in Mexican Hat Utah pay slightly 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 Mexican Hat Utah’s relatively lower electricity rates, the savings are still significant.
After doing the math, it appears that it would take approximately 6 years to cover the initial cost of the solar panels. This means that after 6 years, the money saved on electricity bills will start accumulating and offset the investment. Furthermore, since solar panels have a long lifespan, the savings will continue for many years. Investing in solar energy is a wise decision, both economically and environmentally!
Investing in solar power in Mexican Hat Utah
Investing in solar panels in Mexican Hat, Utah can lead to significant financial benefits. With low precipitation, high UV ratings, and minimal cloud cover, Mexican Hat provides an ideal environment for solar panel performance. Additionally, residents pay slightly less for electricity compared to the national average, making solar power an attractive option for long-term savings. By analyzing the weather data and electricity costs specific to Mexican Hat, it is estimated that it would take approximately 6 years to break even on a solar system investment. This initial cost recovery period is followed by years of accumulating savings on electricity bills. Overall, going solar in Mexican Hat is not only an economically wise decision but also a step towards a more sustainable future.