Solar Panel Cost Guide in Peralta, NM (Mar 2023)
- Peralta Solar Installation Cost: $10,431
- 25-Year Savings: $30,227
- Payback Period: 6.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Peralta
Here's how much it might cost to make the switch to solar in Peralta.
The average cost of solar panels in Peralta is 2.68 per watt. The average Peralta homeowner needs a 5.6-kilowatt system, which would cost about $10,431 with the federal tax credit, or $14,916 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Peralta homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Peralta see about $28,000 in savings on utility bills over 20 years.
To receive a free estimate from a top solar installation company in Peralta, you can click the button below.
Solar savings over time in Peralta
| Year | Return on Investment |
|---|---|
| 1 years | $-8,804 |
| 3 years | $-5,552 |
| 5 years | $-2,299 |
| 7 years | $954 |
| 9 years | $4,206 |
| 11 years | $7,459 |
| 13 years | $10,711 |
| 15 years | $13,964 |
| 17 years | $17,217 |
| 19 years | $20,469 |
| 21 years | $23,722 |
| 23 years | $26,975 |
| 25 years | $30,227 |
Top Solar Installers in Peralta
Although you can install solar panels by yourself, it requires extra time and expertise. That's why most homeowners choose to go with a solar panel installer. Companies can also have access to a large variety of the best solar panels and help you choose which one will be right for you.
If you'd like to switch to solar energy but still aren't certain which solar installer to go with, here are our suggestions for providers near you:
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 Peralta
Factors that Affect Solar Panel Costs in Peralta
The cost of installing a solar system in Peralta can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of solar panels in Peralta, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past power bills. Your total cost can increase by around $2,680 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Peralta homeowners decide to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your total costs, so it's vital to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can impact how much it costs. Peralta's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $32,202 | 6.7 years |
| 8 kW | $2.73 | $15,308 | $43,237 | 6.5 years |
| 10 kW | $2.68 | $18,760 | $54,421 | 6.4 years |
| 12 kW | $2.63 | $22,062 | $65,755 | 6.3 years |
| 14 kW | $2.57 | $25,213 | $77,240 | 6.2 years |
| 16 kW | $2.52 | $28,215 | $88,874 | 6.0 years |
| 18 kW | $2.47 | $31,067 | $100,659 | 5.9 years |
| 20 kW | $2.41 | $33,768 | $112,594 | 5.8 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Peralta, 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: Different companies will offer different brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
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 Peralta, NM Solar Cost FAQs
What is the average cost of installing solar panels in Peralta?
The average cost of solar panels in Peralta 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 use.
Can you get solar panels for free in Peralta?
You can't get solar panels for free in Peralta. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Peralta?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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.