Solar Panel Cost Guide in Sunland Park, NM (2024 Update)
- Sunland Park Solar Installation Cost: $14,812
- 25-Year Savings: $6,526
- Payback Period: 11.1 Years
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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.
In Sunland Park, solar panels cost about 4 per watt on average.Using this figure, a typical 5.4-kW system would cost about $14,812 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Sunland Park 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.With typical savings of about $24,000 on energy bills over 20 years, many homeowners in Sunland Park find installing solar panels can pay off big.
You can click the button below to get connected with a vetted solar company 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 | $-13,959 |
| 3 years | $-12,251 |
| 5 years | $-10,544 |
| 7 years | $-8,837 |
| 9 years | $-7,130 |
| 11 years | $-5,423 |
| 13 years | $-3,716 |
| 15 years | $-2,009 |
| 17 years | $-302 |
| 19 years | $1,405 |
| 21 years | $3,112 |
| 23 years | $4,819 |
| 25 years | $6,526 |
Top Solar Installers in Sunland Park
Although you can install solar panels on your own, it requires extra energy and expertise. That's why most people choose to go with a solar panel installer. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Sunland Park
Factors that Affect Solar Panel Costs in Sunland Park
The cost of installing a solar system in Sunland Park can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Sunland Park, one of the most crucial 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 consumption, which you can determine by looking at past energy bills. Your overall cost can increase by around $3,930 for each additional kilowatt you need.The brand of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to consider 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
Most solar companies in Sunland Park have solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of loans, 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 more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Sunland Park, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $4.09 | $17,166 | $19,940 | 11.6 years |
| 8 kW | $4.01 | $22,448 | $27,027 | 11.3 years |
| 10 kW | $3.93 | $27,510 | $34,334 | 11.1 years |
| 12 kW | $3.85 | $32,352 | $41,861 | 10.9 years |
| 14 kW | $3.77 | $36,973 | $49,608 | 10.7 years |
| 16 kW | $3.69 | $41,375 | $57,575 | 10.5 years |
| 18 kW | $3.62 | $45,557 | $65,762 | 10.2 years |
| 20 kW | $3.54 | $49,518 | $74,170 | 10.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- 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.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Sunland Park, NM Solar Cost FAQs
How much does it cost to install solar panels in Sunland Park?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $19,650 for a 5-kW system and $39,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Does Sunland Park have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation 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 many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.