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New Mexico Solar Panels: Pricing and Incentives

How much do solar panels cost in New Mexico?

Written by Erin Gobler

Edited by Madison Khalil

Last updated 01/06/2023

6 min read

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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 $32,839 before tax incentives or credits.

  • Solar power can help to reduce your energy costs and increase your home’s value, making it a great investment. 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 resident pays around $100 per month for electricity. With a solar system, New Mexico residents can save up to $1,046 per year. After 25 years with solar, you could fully recover your installation cost and have already made just under $10,000 in 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.

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