Solar Panel Cost Guide in Los Chaves, NM (2024 Update)
- Los Chaves Solar Installation Cost: $15,284
- 25-Year Savings: $29,255
- Payback Period: 9.6 Years
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Average Cost of Solar Panels in Los Chaves
We go over average solar pricing in Los Chaves.
The average cost of a solar system in Los Chaves is 4 per watt.Since a 5.6-kW system is needed to cover the energy usage of a typical home in Los Chaves, the average price of going solar will be about $15,284 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar system you want, your solar contractor and more.Despite the high initial cost, the average Los Chaves homeowner can save about $27,000 on their electricity bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a top solar company in Los Chaves for a customized estimate.
Solar savings over time in Los Chaves
| Year | Return on Investment |
|---|---|
| 1 years | $-14,195 |
| 3 years | $-12,018 |
| 5 years | $-9,841 |
| 7 years | $-7,664 |
| 9 years | $-5,486 |
| 11 years | $-3,309 |
| 13 years | $-1,132 |
| 15 years | $1,045 |
| 17 years | $3,223 |
| 19 years | $5,400 |
| 21 years | $7,577 |
| 23 years | $9,754 |
| 25 years | $11,932 |
Top Solar Installers in Los Chaves
Although you can install solar panels yourself, it involves extra labor and know-how. For that reason, almost all homeowners choose to go with a solar panel installer. The payback period on a solar system will vary depending on factors like your location and energy needs, but going with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 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
See all of the solar companies in Los Chaves
Factors that Affect Solar Panel Costs in Los Chaves
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Los Chaves: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need, 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 about $3,930. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Los Chaves, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Los Chaves, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Los Chaves know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $25,684 | 10.0 years |
| 8 kW | $4.01 | $22,448 | $34,685 | 9.8 years |
| 10 kW | $3.93 | $27,510 | $43,907 | 9.6 years |
| 12 kW | $3.85 | $32,352 | $53,349 | 9.4 years |
| 14 kW | $3.77 | $36,973 | $63,010 | 9.2 years |
| 16 kW | $3.69 | $41,375 | $72,892 | 9.1 years |
| 18 kW | $3.62 | $45,557 | $82,994 | 8.9 years |
| 20 kW | $3.54 | $49,518 | $93,316 | 8.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose significantly influences your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one indication of a quality company.
- Solar Panel Brands: The brand of solar panel you want plays a role in which company you should go with, since different companies have access to different panels.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 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
EcoWatch's Los Chaves, NM Solar Cost FAQs
What is the average cost of installing solar panels in Los Chaves?
The average cost of solar panels in Los Chaves is about $19,650 for a 5-kW system and $39,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Los Chaves?
You can’t get solar panels for free in Los Chaves. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How will solar panels impact my home value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t go 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 long do solar panels last in Los Chaves?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.