Overview
In Roswell, New Mexico, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs, we can estimate how long it will take for a solar system to pay for itself. With the sunny climate and high UV ratings in Roswell, residents have the perfect conditions to generate their own electricity and save money in the long run. Let’s break down the numbers to show you just how much you could save by making the switch to solar power.
Roswell New Mexico Weather Trends
Roswell Precipitation
With only 6.25 inches of precipitation in the last year, Roswell is in the 0th percentile in the nation and the 12th percentile in New Mexico. This means that Roswell receives significantly less rain compared to the national and state averages of 50.61 inches and 13.78 inches, respectively. This low precipitation rate indicates that solar panels in Roswell can operate efficiently without being hindered by constant rain.
Roswell’s UV Rating
With an average UV rating of 5.67 and a maximum of 6.3 in the last year, Roswell ranks in the 91st percentile in the nation and the 89th percentile in New Mexico. This high UV rating suggests that Roswell receives ample sunlight, which is essential for the effective operation of solar panels. Compared to the national average of 4.29 and the state average of 4.67, Roswell’s high UV ratings make it an ideal location for harnessing solar energy.
Roswell’s Cloud Cover
Having an average cloud cover of 20% in the last year, Roswell is in the 2nd percentile in the nation and the 24th percentile in New Mexico. With significantly lower cloud cover compared to the national and state averages of 44.46% and 22.75%, respectively, Roswell experiences clear skies for most days. This means more sunlight can reach solar panels, maximizing their energy production potential.
Roswell New Mexico Electricity Costs
Residential electricity in Roswell is priced at around $0.12/kw, placing it in the 54th percentile nationally and the 23rd percentile within New Mexico. While the national average stands at $0.13/kw and the state average is $0.15/kw, Roswell residents enjoy relatively lower electricity costs. By switching to solar power, residents can further reduce their energy expenses and potentially lock in savings for years to come.
When could you expect to break even on a solar installation in Roswell New Mexico?
Considering the weather and electricity costs in Roswell, 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:
- Roswell receives less precipitation than the national average, making it a good location for solar panels to work effectively.
- The UV ratings in Roswell are higher than the national average, providing excellent conditions for generating solar power.
- Cloud cover in Roswell is lower than the national average, with only a slight amount of variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Roswell 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 needed from the grid and resulting in savings on electricity bills.
- With Roswell’s lower electricity rates, the savings may not be as high as in other locations, but they still add up over time.
After running the numbers, it looks like it would take around 8-10 years to cover the initial cost of the solar panels in Roswell. This means that after 8-10 years, the money saved on electricity bills will start to accumulate and pay off the investment. Remember, solar panels have a long lifespan, so you’ll continue to benefit from these savings for many years. It’s a wise financial decision that also contributes to a sustainable future!
Investing in solar power in Roswell New Mexico
Installing solar panels in Roswell, New Mexico is a smart financial decision that can lead to significant savings over time. With the sunny climate, high UV ratings, and minimal cloud cover in Roswell, residents have ideal conditions for generating solar power efficiently. By taking into account the lower electricity costs in Roswell, it’s estimated that it would take around 8-10 years to break even on the initial investment in solar panels. This means that residents can enjoy years of reduced electricity bills and contribute to a more sustainable future by switching to solar power.