Solar Panel Cost Guide in Raton, NM (Sep 2022)

  • Raton Solar Installation Cost: $10,843
  • 25-Year Savings: $43,454
  • Payback Period: 5.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Raton

We break down average solar pricing in Raton.

While the national average of solar panels is $2.66 per watt, solar panels in Raton typically cost about $3. To cover the typical energy needs of the average home in Raton, most homeowners require a 5.8-kilowatt system. Using the figure above, a solar installation costs around $10,843, or $8,024 after the federal solar tax credit of 30% is applied.

The true cost of your system can be higher or lower than the average in Raton based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Raton see about $36,000 in savings on energy bills over 20 years.

You can click the button below to get connected with a top solar company in Raton for a quote for your home.

Solar savings over time in Raton

Year Return on Investment
1 years $-8,671
3 years $-4,328
5 years $16
7 years $4,360
9 years $8,704
11 years $13,048
13 years $17,392
15 years $21,735
17 years $26,079
19 years $30,423
21 years $34,767
23 years $39,111
25 years $43,454

Top Solar Installers in Raton

When going solar, many homeowners decide to use a solar installation company since putting up a solar system yourself can be a difficult project. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be best for your home.

Working with a licensed solar installer can make going solar easier. Here are our recommendations:

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

The Green Panel

★★★★★
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 Raton

Factors that Affect Solar Panel Costs in Raton

Though the average cost of solar panels in Raton is $10,843, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.

Solar Equipment Size

When it comes to estimating the price of a solar energy system in Raton, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by around $2,680 for each additional kilowatt you need. The kind of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Raton, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.

Solar Panel Installation Company

Finally, the company you hire to install your solar system can affect your pricing. Raton's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Raton have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 $2.79 $11,706 $44,611 5.2 years
8 kW $2.73 $15,308 $59,782 5.1 years
10 kW $2.68 $18,760 $75,103 5.0 years
12 kW $2.63 $22,062 $90,573 4.9 years
14 kW $2.57 $25,213 $106,194 4.8 years
16 kW $2.52 $28,215 $121,965 4.7 years
18 kW $2.47 $31,067 $137,886 4.6 years
20 kW $2.41 $33,768 $153,957 4.5 years

Solar Incentives in Raton

Name Solar Energy Gross Receipts Tax Deduction
Incentive Amount 100% of gross receipts from sale and installation of solar energy systems, dark-colored water tanks, and non-vented trombe walls
Incentive Max None specified
Website Visit here
More Info Click here

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Local Option - Renewable Energy Financing District/Solar Energy Improvement Special Assessments
Website Visit here
More Info Click here

Name Property Tax Exemption for Residential Solar Systems
Incentive Amount Approximately 100%
Incentive Max None specified
More Info Click here

How to Save on Solar Panels

The solar installer you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
  • Solar Panel Brands: Different companies offer various brands and models of panels. If you want a specific brand, make sure the solar installer you're considering has it.
  • Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Contract: Although 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.

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

The Green Panel

★★★★★
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 Raton, NM Solar Cost FAQs

What is the average cost of installing solar panels in Raton?

The average cost of solar panels in Raton is about $13,400 for a 5-kW system and $26,800 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.

Is it better to lease or buy solar panels in Raton?

Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

Is it worth going solar in Raton?

Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and the average daily 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 install between 20 and 35 panels to cover 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.

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