Solar Panel Cost Guide in Clovis, NM (2023 Update)
- Clovis Solar Installation Cost: $10,506
- 25-Year Savings: $19,490
- Payback Period: 8.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Clovis
Find out what the average cost of installing solar panels is in Clovis.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Clovis, the average cost of solar panels is 2.68 per watt. To cover the typical energy usage of the average home in Clovis, most homeowners require a 5.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $10,506, or $15,024 before the federal solar tax credit of 30% is applied.
How much you pay can be above or below the average in Clovis based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront investment in solar panels is worth paying. On average Clovis homeowners see about $20,000 in savings on utility bills over 20 years.
To get a free quote from a highly rated solar installation company in Clovis, you can 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
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring a solar panel installer can make your swap to solar power much easier. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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
Best Warranty Coverage
Sunpro Solar
- 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
For many Clovis homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Clovis, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
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 a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Clovis, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Clovis offer solar loans, which reduce the initial cost of installing solar. It's a good idea 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 the amount of time it'll take to pay off the loan.
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 get to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, you'll have many options for solar installers that offer a range of services at different price points. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $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
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before deciding.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the completion timeline.
- Reputation: Make sure your solar system 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 the EcoWatch team.
- Contract: When looking through your solar company'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.
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
Best Warranty Coverage
Sunpro Solar
- 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?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $13,400 for a 5-kW system and $26,800 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. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
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.