Solar Panel Cost Guide in Sunland Park, NM (2023 Update)
- Sunland Park Solar Installation Cost: $10,093
- 25-Year Savings: $23,206
- Payback Period: 7.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Sunland Park
Let's take a look at the average cost of solar panels in Sunland Park.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sunland Park, the average cost of solar panels is 2.68 per watt. Because a 5.4-kW system is needed to cover the energy costs of a typical home in Sunland Park, the average price of going solar will be about $10,093 after claiming the federal solar tax credit of 30%.
Remember 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 system you want, your solar contractor and more. Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Sunland Park can save about $24,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Sunland Park that can help you get a more accurate cost estimate for your home.
Solar savings over time in Sunland Park
| Year | Return on Investment |
|---|---|
| 1 years | $-8,761 |
| 3 years | $-6,097 |
| 5 years | $-3,433 |
| 7 years | $-769 |
| 9 years | $1,895 |
| 11 years | $4,558 |
| 13 years | $7,222 |
| 15 years | $9,886 |
| 17 years | $12,550 |
| 19 years | $15,214 |
| 21 years | $17,878 |
| 23 years | $20,542 |
| 25 years | $23,206 |
Top Solar Installers in Sunland Park
Many homeowners opt for a solar installation company since installing solar panels yourself can be challenging. The expertise that solar installers offer can be invaluable as well, especially if you don't quite know what kind of solar equipment you need.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Sunland Park
Factors that Affect Solar Panel Costs in Sunland Park
Though the average cost of a solar system in Sunland Park is $10,093, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,680. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Sunland Park, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
If paying for a solar system out of pocket is out of reach, solar loans are a popular route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Sunland Park, and each can charge varying amounts for labor and equipment. The company's size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger 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 | $25,400 | 7.9 years |
| 8 kW | $2.73 | $15,308 | $34,167 | 7.7 years |
| 10 kW | $2.68 | $18,760 | $43,084 | 7.6 years |
| 12 kW | $2.63 | $22,062 | $52,151 | 7.4 years |
| 14 kW | $2.57 | $25,213 | $61,368 | 7.3 years |
| 16 kW | $2.52 | $28,215 | $70,735 | 7.1 years |
| 18 kW | $2.47 | $31,067 | $80,252 | 7.0 years |
| 20 kW | $2.41 | $33,768 | $89,920 | 6.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Sunland Park, NM Solar Cost FAQs
What is the average cost of installing solar panels in Sunland Park?
The average cost of solar panels in Sunland Park 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 things such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Sunland Park?
A solar panel system isn't free in Sunland Park, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase the value of your home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Sunland Park is currently $132,847, which means you can look forward to a value of about $5,447 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Sunland Park is a rewarding investment.
How often do you have to replace solar panels?
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 amount 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.