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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Anthony

We go over average solar pricing in Anthony.

In Anthony, solar panels cost about 4 per watt on average.The average solar panel system size in Anthony is around 5.4 kilowatts, meaning a cost of about $14,816 for a solar installation, or $21,187 before the 0 federal solar tax credit is applied.

The actual price you pay can go higher or lower than the average in Anthony based on several factors, such as the model of solar panels you choose and the solar company you hire.But, once you've paid the initial cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $27,000 over 20 years on utility bills.

To calculate your potential ROI and connect with a local solar expert, click the button below.

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

Many homeowners opt for a solar panel company since installing solar panels on your own can be challenging. Plus, if you aren’t sure what kind of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.

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 National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Anthony

Factors that Affect Solar Panel Costs in Anthony

The cost of installing a solar system in Anthony can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

When it comes to estimating the price of a solar system in Anthony, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $3,930 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Anthony average.

Solar Financing Terms

Many homeowners find the average cost of solar in Anthony to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to paying more over time due to interest.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in Anthony is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services for different budgets.Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.

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 system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:

  • Installation Process: When making the switch to solar, it’s crucial to maintain an open line of communication with your solar installer. See to it that you understand how the installation process works and the project completion timeline.
  • Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
  • Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Anthony, NM Solar Cost FAQs

How much does it cost to install solar panels in Anthony?

This is a difficult question to answer exactly, because the cost depends on a variety of 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. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Can you get solar panels for free in Anthony?

You can’t get solar panels for free in Anthony. However, you may still be able to install 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 energy bills after installing solar panels?

Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,443.25 per year.

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 should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using 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.

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