Solar Panel Cost Guide in Clovis, NM (2024 Update)
- Clovis Solar Installation Cost: $15,414
- 25-Year Savings: $19,485
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Clovis
We go over average solar pricing in Clovis.
The average cost of a solar panel system in Clovis is 4 per watt.The average Clovis homeowner needs a 5.6-kilowatt system, which would cost about $15,414 with the federal tax credit, or $22,042 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy consumption and what company you go with.For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Clovis see about $20,000 in savings on electricity bills over 20 years.
To receive a free quote from a vetted solar company in Clovis, you can click the button below.
Solar savings over time in Clovis
| Year | Return on Investment |
|---|---|
| 1 years | $-14,650 |
| 3 years | $-13,122 |
| 5 years | $-11,595 |
| 7 years | $-10,067 |
| 9 years | $-8,539 |
| 11 years | $-7,011 |
| 13 years | $-5,484 |
| 15 years | $-3,956 |
| 17 years | $-2,428 |
| 19 years | $-900 |
| 21 years | $627 |
| 23 years | $2,155 |
| 25 years | $3,683 |
Top Solar Installers in Clovis
Installing solar panels yourself can be a challenging project, which is why using a solar installer is a good option for many homeowners. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best National Provider
SunPower
- 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
- 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
- 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 Clovis
Factors that Affect Solar Panel Costs in Clovis
Even though the average cost of a solar system in Clovis is $15,414, your final cost may differ. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The brand of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Clovis, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Clovis is the company you choose to install your solar system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different costs.Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $14,954 | 13.4 years |
| 8 kW | $4.01 | $22,448 | $20,379 | 13.1 years |
| 10 kW | $3.93 | $27,510 | $26,024 | 12.8 years |
| 12 kW | $3.85 | $32,352 | $31,889 | 12.6 years |
| 14 kW | $3.77 | $36,973 | $37,975 | 12.3 years |
| 16 kW | $3.69 | $41,375 | $44,280 | 12.1 years |
| 18 kW | $3.62 | $45,557 | $50,805 | 11.8 years |
| 20 kW | $3.54 | $49,518 | $57,551 | 11.6 years |
How to Save on Solar Panels
There are numerous companies to choose from in Clovis, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering such a warranty is one mark of a good company.
- Contract: Before signing a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
Best National Provider
SunPower
- 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
- 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
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Clovis, NM Solar Cost FAQs
What is the average cost of installing solar panels in Clovis?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly 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 other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Does Clovis have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.