Solar Panel Cost Guide in Anthony, NM (2024 Update)
- Anthony Solar Installation Cost: $14,816
- 25-Year Savings: $28,761
- Payback Period: 9.5 Years
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Average Cost of Solar Panels in Anthony
We go over average solar pricing in Anthony.
The average cost of a solar system in Anthony is 4 per watt.To cover the typical energy usage of the average home in Anthony, most homeowners require a 5.4-kilowatt system. Using the figure above, a solar installation costs around $14,816, or $21,187 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy consumption and what company you go with.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Anthony can save about $27,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar installer in Anthony that can help you get a more accurate cost estimate for your home.
Solar savings over time in Anthony
| Year | Return on Investment |
|---|---|
| 1 years | $-13,989 |
| 3 years | $-12,336 |
| 5 years | $-10,683 |
| 7 years | $-9,030 |
| 9 years | $-7,377 |
| 11 years | $-5,724 |
| 13 years | $-4,071 |
| 15 years | $-2,418 |
| 17 years | $-765 |
| 19 years | $888 |
| 21 years | $2,541 |
| 23 years | $4,194 |
| 25 years | $5,847 |
Top Solar Installers in Anthony
Although it's possible to install solar panels by yourself, it involves extra effort and handiness. Because of that, the majority of homeowners choose to go with a solar panel installer. The expertise that solar installers offer can be valuable as well, especially if you aren’t sure what type of solar equipment you need.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Anthony:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Anthony
Factors that Affect Solar Panel Costs in Anthony
For many Anthony homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Anthony, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,930.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Anthony, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Anthony homeowners opt to finance their solar panel systems to make paying for solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Anthony is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that provide a range of services at different price points.The company’s size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.09 | $17,166 | $26,131 | 9.9 years |
| 8 kW | $4.01 | $22,448 | $35,282 | 9.7 years |
| 10 kW | $3.93 | $27,510 | $44,653 | 9.5 years |
| 12 kW | $3.85 | $32,352 | $54,243 | 9.3 years |
| 14 kW | $3.77 | $36,973 | $64,054 | 9.1 years |
| 16 kW | $3.69 | $41,375 | $74,085 | 9.0 years |
| 18 kW | $3.62 | $45,557 | $84,336 | 8.8 years |
| 20 kW | $3.54 | $49,518 | $94,807 | 8.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: Before signing a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: If you care about the endurance of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Anthony, NM Solar Cost FAQs
How much does it cost to install solar panels in Anthony?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $19,650 for a 5-kW system and $39,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Anthony?
You can’t get solar panels for free in Anthony. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Anthony, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.