11 Best Solar Companies in Albuquerque, NM (Sep 2022 Review)

The Cost and Benefits of Solar in Albuquerque

The cost of installing a solar panel system has dropped significantly over the past few years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can generate an average of $26,000 of savings over 20 years.
• The model of solar panels you're planning on getting: More efficient models have higher prices, so that will affect your budget for your solar project.
• Average daily sunlight: Since Albuquerque gets lots of sunlight, your solar panel system will most likely be able to produce enough energy to power your whole home, which affects how much your electricity bills will be.
• Typical energy usage: The more power your household consumes on average and the higher your current power bills are, the more likely you'll benefit from making the switch to solar.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on several factors, such as the size of your solar panel system and your current power bills.

Solar Incentives in Albuquerque

If you're thinking about making the switch to solar energy, several government incentives and tax credits can dramatically reduce the cost of the project and expedite the return on your investment. There are quite a few federal, state and local rebates and tax credits that may earn you a decent amount of money back after installing solar panels. The table below gives you an idea of the incentives you can benefit from in Albuquerque.

Environmental Impact of Switching to Solar in Albuquerque

One of the best reasons to use solar energy is to reduce your reliance on traditional energy sources like burning fossil fuels, which are harmful for the environment. A question many might have in mind is how much can they really help preserve the environment by switching to solar power anyway? Regardless of your location, you can help save the planet by switching to solar energy, but homes that use a lot of energy will have a bigger impact. Even though solar panel manufacturing emits carbon dioxide, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Albuquerque, you can reduce your carbon footprint by 100 pounds a year with solar panels. As you can see, investing in solar has so many other rewards apart from saving money. One of the primary ones is that you can help save the Earth too.