Key Points
- The average cost of solar panels in New Mexico is $3.93 per watt, with an upfront cost of about $19,640.
- Over 25 years, you could save about $12,000 in electricity expenses by installing solar panels in New Mexico.
- The average payback period for solar panels in New Mexico is about 13.3 years.
Ready to go solar? Call 866-395-8433 to be connected with a solar expert today!
Learn more about residential solar panels
Solar power FAQs
The cost of solar panels can vary widely based on local factors and your particular system, but the average solar system in New Mexico costs about $19,640 before tax incentives or credits.
Solar power can help reduce your energy costs and increase your home’s value, making it a great investment for many households. However, whether it’s a good investment for you depends on the amount of sunlight your home gets and your energy usage habits.
The average New Mexico resident pays around $85.92 per month for electricity. With a solar system, you can save up to $1,030 per year. After 25 years with solar, you could fully recover your installation cost and make over $12,000 in energy savings.
If you’re in the market for solar panels, SaveOnEnergy can help. Just enter your information in the form on the screen and we’ll connect you with a trusted solar installer in your area.
Unlike traditional electricity generation, solar power doesn’t emit carbon dioxide into the atmosphere. It’s also a renewable resource, meaning it doesn’t replete the world’s natural resources.
Shop by city
| Albuquerque |