Overview
This article will show you how installing solar panels on your home in Milan, New Mexico can save you money in the long run. By analyzing weather data and electricity costs specific to Milan, we will break down the cost of a solar system and estimate how long it will take for you to break even. With the abundant sunshine and low cloud cover in Milan, solar panels can greatly reduce your electricity bills and help you save on energy costs for years to come.
Milan New Mexico Weather Trends
Milan Precipitation
With only 12.67 inches of precipitation in the last year, Milan, New Mexico ranks low in both national and state percentiles. This means that Milan receives significantly less rain compared to the national average of 50.61 inches and New Mexico’s average of 13.78 inches. This lack of precipitation makes solar panels in Milan an ideal investment for residents looking to take advantage of the abundant sunshine in the area.
Milan’s UV Rating
With an average UV rating of 4.21, Milan, New Mexico falls in the middle percentiles nationally and within the state. While the national average UV rating is 4.29, New Mexico’s average is slightly higher at 4.67. The higher UV rating in Milan means that residents can benefit from more sunlight, making solar panels a worthwhile option for harnessing this natural resource.
Milan’s Cloud Cover
With an average of 22% cloud cover in the last year, Milan ranks low in national percentiles but slightly higher within the state. The national average for cloud cover is 44.46%, while New Mexico’s average is 22.75%. With a significant number of days with clear skies, Milan residents can maximize the efficiency of their solar panels and generate more renewable energy to power their homes.
Milan New Mexico Electricity Costs
Residents of Milan, New Mexico pay about $0.14/kw for electricity, placing them in the 85th percentile nationally and the 52nd percentile within the state. While the national average for residential electricity is $0.13/kw, New Mexico’s average is slightly higher at $0.15/kw. By investing in solar panels, Milan residents can lower their electricity costs over time and reduce their reliance on traditional energy sources.
When could you expect to break even on a solar installation in Milan New Mexico?
Considering the weather and electricity costs in Milan, 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:
- Milan, New Mexico receives less precipitation compared to the national average, making it a suitable location for solar panels.
- The UV ratings in Milan, New Mexico are slightly lower than the national average, but still good for solar power generation.
- Cloud cover in Milan, New Mexico is lower than the national average, which is beneficial for solar panel efficiency.
Now, let’s consider the electricity costs:
- Residents in Milan, New Mexico pay slightly more 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.
- Considering Milan, New Mexico’s electricity rates, the savings from solar power are significant.
After calculating, it appears that it would take approximately 4-5 years to cover the initial cost of the solar panels. This means that after 4-5 years, the money saved on electricity bills will begin offsetting the investment. Since solar panels last for 25-30 years, this initial period will lead to long-term savings and benefits. Investing in solar panels is a wise decision to save money and contribute to environmental conservation!
Investing in solar power in Milan New Mexico
Investing in solar panels in Milan, New Mexico is a smart choice for residents looking to save money on electricity bills and reduce their reliance on traditional energy sources. With the abundance of sunshine, low cloud cover, and relatively high electricity costs, solar panels can help you break even on your investment in just 4-5 years. Not only will you save money in the long run, but you will also be contributing to environmental conservation by using renewable energy sources. Make the switch to solar panels and enjoy the benefits for years to come!