Solar Panel Cost Guide in Clovis, NM (Dec 2022)

  • Clovis Solar Installation Cost: $10,506
  • 25-Year Savings: $19,490
  • Payback Period: 8.8 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Clovis

We break down average solar pricing in Clovis.

Although the national average of solar panels is $2.66 per watt, solar panels in Clovis typically cost around $3. The average solar panel system size in Clovis is around 5.6 kilowatts, meaning a cost of about $10,506 for a solar installation, or $7,774 after the 30% federal solar tax credit is applied.

The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary depending on several factors, such as how many panels you need, your energy usage and what installation company you go with. With typical savings of about $20,000 on power bills over 20 years, many homeowners in Clovis find investing in solar has a decent ROI.

For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Clovis

Year Return on Investment
1 years $-9,306
3 years $-6,906
5 years $-4,506
7 years $-2,107
9 years $293
11 years $2,693
13 years $5,092
15 years $7,492
17 years $9,892
19 years $12,291
21 years $14,691
23 years $17,091
25 years $19,490

Top Solar Installers in Clovis

When going solar, many homeowners prefer to hire a solar installer since installing solar panels yourself can be a challenging project. Companies can also offer access to quality options of the best solar panels and help you decide which one will be right for your home.

If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers in Clovis:

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 Technology

Tesla Energy

★★★★★
4.5

  • 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

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Clovis

Factors that Affect Solar Panel Costs in Clovis

Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Clovis: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment

The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,680. The type of solar equipment you choose can increase or decrease your cost 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. On the other hand, higher efficiency could save you more over time on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Clovis average.

Solar Financing Terms

Many homeowners find the average cost of solar in Clovis to be too steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time because of interest. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.

Solar Panel Installation Company

The solar panel installation company you select will influence your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.79 $11,706 $20,414 9.1 years
8 kW $2.73 $15,308 $27,519 8.9 years
10 kW $2.68 $18,760 $34,774 8.8 years
12 kW $2.63 $22,062 $42,179 8.6 years
14 kW $2.57 $25,213 $49,735 8.4 years
16 kW $2.52 $28,215 $57,440 8.2 years
18 kW $2.47 $31,067 $65,295 8.1 years
20 kW $2.41 $33,768 $73,301 7.9 years

How to Save on Solar Panels

Since the type of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
  • Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
  • Solar Panel Brands: The type of solar panel you need plays a part in which company you should go with, since different companies offer different panels.

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 Technology

Tesla Energy

★★★★★
4.5

  • 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

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Clovis, NM Solar Cost FAQs

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

The average cost of solar panels in Clovis is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider other than cost when buying solar panels?

The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

Do solar panels increase your property value?

Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.

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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