Solar Panel Cost Guide in Roswell, NM (Dec 2022)

  • Roswell Solar Installation Cost: $10,224
  • 25-Year Savings: $23,694
  • Payback Period: 7.5 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Roswell

Let's take a look at the average cost of solar panels in Roswell.

In Roswell, solar panels cost about $3 per watt on average. The average Roswell homeowner needs a 5.5-kilowatt system, which would cost about $10,224, or $7,566 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary based on several factors, such as what size system you need, your energy usage and what solar installer you go with. But, after you've paid the upfront cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $24,000 over 20 years on power bills.

To receive a free quote from a highly rated solar company in Roswell, you can click the button below.

Solar savings over time in Roswell

Year Return on Investment
1 years $-8,867
3 years $-6,154
5 years $-3,441
7 years $-727
9 years $1,986
11 years $4,700
13 years $7,413
15 years $10,127
17 years $12,840
19 years $15,554
21 years $18,267
23 years $20,981
25 years $23,694

Top Solar Installers in Roswell

Many homeowners opt for a solar installer since trying to install solar panels yourself can be challenging. Local solar installers can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.

Working with a professional solar company 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

Tesla Energy

★★★★★
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 Roswell

Factors that Affect Solar Panel Costs in Roswell

Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Roswell: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size. Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,680. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Roswell average.

Solar Financing Terms

Many homeowners find the average cost of solar in Roswell to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time due to interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

Lastly, the company you opt for to install your solar panels can play a role in determining the cost. Roswell's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 $25,602 7.8 years
8 kW $2.73 $15,308 $34,437 7.7 years
10 kW $2.68 $18,760 $43,421 7.5 years
12 kW $2.63 $22,062 $52,555 7.4 years
14 kW $2.57 $25,213 $61,840 7.2 years
16 kW $2.52 $28,215 $71,275 7.1 years
18 kW $2.47 $31,067 $80,859 6.9 years
20 kW $2.41 $33,768 $90,594 6.8 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:

  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
  • Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
  • Warranty: If you're worried about the endurance of your solar panels, checking your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.

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

Tesla Energy

★★★★★
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 Roswell, NM Solar Cost FAQs

How much does it cost to install solar panels in Roswell?

This is a difficult question to answer precisely, 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. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Should I lease or buy solar panels in Roswell?

Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The drawback 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

Does Roswell have a net metering program?

Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How long do solar panels last in Roswell?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using them at a lower efficiency.

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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