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Albuquerque Solar Panels: 2022 Cost and Local Incentives

Written by Jordan Smith /

Edited by Jamie Cesanek

Last updated 09/22/2022

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Solar power FAQs

  • The median solar panel installation in New Mexico costs $4.14 per watt. Based on a typical mid-sized solar installation in the city of 5.6 kilowatts, a solar installation would cost $23,080 before any savings from tax credits and other incentives.

  • Solar power is a worthwhile investment because you can make significant savings over the longer term. The projected payback period for New Mexico residents who install solar panels is 14 years. After 20 years, you could save over $6,500.

  • A great place to start your search for a solar installer is the SaveOnEnergy marketplace. You can compare company prices and services, read customer reviews, and connect with an installer. Remember to carefully review any solar installation agreement before you sign the paperwork so you’re sure what services you’re getting.

  • Excessive amounts of carbon dioxide and other greenhouse gases lead to climate change and cause environmental damage. Solar power can help reduce greenhouse gas levels in the atmosphere because it is a carbon-free energy source. Green energy sources like solar differ from fossil fuels, which release carbon dioxide when burned to produce energy.

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