Solar Panel Cost Guide in Lee Acres, NM (2025 Update)
- Lee Acres Solar Installation Cost: $15,900
- 25-Year Savings: $21,385
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Lee Acres
Let’s take a look at the average cost of solar panels in Lee Acres.
Although the national average of solar panels is $2.66 per watt, solar panels in Lee Acres generally cost around 4.To account for the typical energy usage of the average home in Lee Acres, most homeowners require a 5.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,900, or $22,737 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of solar panels you choose, your solar contractor and more.For most homeowners, the upfront cost of solar panels is worth paying. On average Lee Acres homeowners see about $21,000 in savings on utility bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Lee Acres
Year | Return on Investment |
---|---|
1 years | $-14,937 |
3 years | $-13,011 |
5 years | $-11,085 |
7 years | $-9,159 |
9 years | $-7,233 |
11 years | $-5,306 |
13 years | $-3,380 |
15 years | $-1,454 |
17 years | $472 |
19 years | $2,398 |
21 years | $4,324 |
23 years | $6,250 |
25 years | $8,176 |
Top Solar Installers in Lee Acres
Although you can install solar panels by yourself, it takes extra time and handiness. For that reason, almost all homeowners choose a solar panel installer. Local solar installers can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
If you’d like to switch to solar energy but still aren’t certain which solar company to go with, here are our suggestions for providers nearby:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Lee Acres
Factors that Affect Solar Panel Costs in Lee Acres
The cost of installing a solar system in Lee Acres can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Lee Acres to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.However, the interest on solar loans also increases your overall costs, so it’s important to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Lee Acres, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Lee Acres are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $16,290 | 12.8 years |
8 kW | $4.01 | $22,448 | $22,160 | 12.6 years |
10 kW | $3.93 | $27,510 | $28,250 | 12.3 years |
12 kW | $3.85 | $32,352 | $34,560 | 12.1 years |
14 kW | $3.77 | $36,973 | $41,090 | 11.8 years |
16 kW | $3.69 | $41,375 | $47,841 | 11.6 years |
18 kW | $3.62 | $45,557 | $54,811 | 11.3 years |
20 kW | $3.54 | $49,518 | $62,002 | 11.1 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Lee Acres, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending 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 access to the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Warranty: If you’re worried about the longevity of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Lee Acres, NM Solar Cost FAQs
What is the average cost of installing solar panels in Lee Acres?
This is a tough question to answer exactly, because the cost depends on a few different 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. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Lee Acres?
Solar panels aren’t free in Lee Acres, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will having solar panels impact my home value?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.