How Much Does Solar Installation Cost in New Mexico
Have you been considering installing solar panels on your home? If so, we’ve got the information that can help make it easier for you.
Take a look at our guide to find out more about solar installation costs and prices in New Mexico. Use our free tool to compare prices near you.
Solar Installation Cost Calculator
Homeowners in New Mexico can save big on their energy bills by going solar. You’ll see how much money you could potentially free up each year if this is something your home needs, plus tips for making sure it goes smoothly from start to finish. For those considering solar installation in the area, expect to invest $10,297 – $15,221 for smaller homes and up to $21,304 – $52,205 if your home is larger with higher kilowatts requirements.
Solar Efficiency Rates & Cost/kW
| Panel Type | *Avg. Cost/kW – per watt | Efficiency | Approx. Life – Expectancy |
|---|---|---|---|
| Polycrystalline | $0.72-$1.04 | 14%-22% | 25 years |
| Monocrystalline | $1.14-$1.49 | 16%-25% | 32 years |
| Thin-Film | $1.04-$1.55 | 7%-15% | 16 years |
| *National average cost by type and kW | |||
Cost by Panel Size
| Solar Panel Sizes | Avg Solar Cost in New Mexico |
|---|---|
| 2 kW | $5,852 |
| 3 kW | $9,000 |
| 4 kW | $12,134 |
| 5 kW | $14,787 |
| 6 kW | $18,527 |
| 7 kW | $21,190 |
| 8 kW | $24,499 |
Find the Best Solar Companies in New Mexico
If you are looking for the best solar companies in the state then check out our top pics from one of the links below.
Top Solar Companies in New Mexico: Albuquerque, NM; Las Cruces NM; Rio Rancho, NM; Santa Fe, NM
How Much Can Solar Save You?
You may be surprised by how much money you can save with solar power. The amount will depend on your home size and other factors but the benefits are worth it.
On average you can typically save upwards of $1,801 on your electricity bill annually.
Pros of Solar Panels
- Energy bills reduce and eliminate
- Reduce your carbon footprint
- Increase property value
- Earn your investment back
- More consistent energy supply
- See More Pros and Cons
Cons of Solar Panels
- Installation expense
- Not all roofs work
- Night electricity needs
COMPARE SOLAR COST BY SQUARE FOOT:
The Weather in New Mexico Has an Impact on Solar
The land of New Mexico is a beautiful area with many different types and climates. Overall, it’s semiarid to arid in nature but there are higher elevations that have more continental climate at the top. The city also experiences around 13 inches of rain on average.
Map of Service Area: