Overview
Living in Newcomb, New Mexico, you may be considering ways to save money on your electricity bill while also helping the environment. By installing solar panels on your home, you can take advantage of the abundant sunshine in the area, reducing your reliance on traditional electricity sources and potentially saving money in the long run. In this article, we will break down the cost of a solar system for your home and estimate how long it will take for you to break even, making the switch to solar an attractive financial investment.
Newcomb New Mexico Weather Trends
Newcomb Precipitation
With Newcomb, New Mexico receiving only 7.11 inches of precipitation in the last year, it is clear that the area does not see much rainfall compared to the national average of 50.61 inches. However, when looking at New Mexico’s average of 13.78 inches, it is evident that Newcomb falls below the state average as well. This lack of precipitation means that solar panels can operate efficiently without the hindrance of rainy weather, making them a reliable source of energy for your home.
Newcomb’s UV Rating
Newcomb, New Mexico boasts an average UV rating of 4.72, placing it in the 71st percentile in the nation and the 54th percentile in the state. Comparing this to the national average of 4.29 and New Mexico’s average of 4.67, it is clear that Newcomb enjoys ample sunshine throughout the year. With an average max UV rating of 5.26, which is above both national and state averages, the potential for harnessing solar energy is promising in Newcomb.
Newcomb’s Cloud Cover
Despite Newcomb, New Mexico having an average cloud cover of 20% in the last year, placing it in the 2nd percentile in the nation and the 25th percentile in the state, the area experienced a minimal number of cloudy days. With the national average for cloud cover at 44.46% and New Mexico’s average at 22.75%, Newcomb’s clear skies make it an ideal location for solar panel installations. The limited cloud cover ensures consistent solar energy production for your home.
Newcomb New Mexico Electricity Costs
Residents of Newcomb, New Mexico pay approximately $0.14 per kilowatt-hour for electricity, which places them in the 82nd percentile in the nation and the 43rd percentile in the state. While the national average for residential electricity is slightly lower at $0.13/kw, New Mexico’s average of $0.15/kw is higher than what residents in Newcomb pay. By switching to solar energy, you can potentially save money in the long run and reduce your reliance on traditional electricity sources, making it a smart financial investment for your home.
When could you expect to break even on a solar installation in Newcomb New Mexico?
Considering the weather and electricity costs in Newcomb 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:
- Newcomb New Mexico gets significantly less rain than the national average, making it a suitable location for solar panel installation.
- The UV ratings in Newcomb New Mexico are higher than the national average, making it ideal for generating solar power.
- Cloud cover in Newcomb New Mexico is below the national average, with many days having clear skies for solar energy production.
Now, let’s consider the electricity costs:
- Residents in Newcomb 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 needed from the grid and saving money on electricity bills.
- Given Newcomb New Mexico’s electricity rates, the savings can add up over time.
After analyzing the data, it appears that it would take approximately 7 to 8 years to cover the initial cost of the solar panels. This means that after 7 to 8 years, the savings on electricity bills will start to offset the investment. Since solar panels have a long lifespan, you will continue to benefit from these savings for many more years. Investing in solar panels not only helps you save money but also contributes to a greener and more sustainable future.
Investing in solar power in Newcomb New Mexico
After analyzing the weather trends and electricity costs in Newcomb, New Mexico, it is evident that investing in solar panels for your home can be a smart financial decision. With the area’s abundance of sunshine, low precipitation, and minimal cloud cover, solar panels can operate efficiently and consistently. Considering the relatively higher electricity costs in Newcomb, switching to solar energy can lead to cost savings in the long run. It is estimated that it would take approximately 7 to 8 years to break even on the initial investment for a solar system, providing ongoing savings on electricity bills for many years to come. By making the switch to solar energy, not only can you save money, but you can also contribute to a cleaner and more sustainable future.